Fred Griffin presently on Leave of Absence, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I hope it squelches all of the other online services. For me, I am steadfast in my stance that they are targeting a different clientele than mine and am not stressing about what anyone else is doing in my market - yet! 

#EyesWideOpen

Jul 17, 2017 06:52 AM
Rainmaker
2,655,894
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes, I saw this last week.

They've been using for contractors too. In general, this won't work. I called them to see what was up w/ this. They said they charge the contractors 15% of the full price. No decent contractor would give up that much of his/her profit unless they were new/desperate. For some, that would be 1/2 their profit. But, I could see a few of their specific/small services that are niche work (e.g. assembling/installing a few prods that order on Amazon. These would be small items that handymen can do and customer has no idea how to price and they could charge extra and it wouldn't matter as project is so small. But for large/meaningful jobs it won't go anywhere. It's labor...and people won't discount their labor much and Amazon has no core competency nor competitive advantage there.

Jul 17, 2017 06:44 AM
Rainmaker
1,504,580
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Let's see ... Amazon & Z in a boxing ring .... I'd take Amazon every time. Throw Spencer in the ring to triple the fun! 

Jul 17, 2017 08:45 AM
Rainmaker
1,505,709
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Remember when Amazon was just a river?  The good ole days...wonder when they will open their own fast food restaurants?

Jul 17, 2017 07:42 AM
Ambassador
3,981,932
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Amazon is a powerhouse and could very well make a dent into the online real estate market. It all comes down to local and relationships and that will not change with clients and customers. However those that don't know an agent or don't care may trust Amazon to make the match. Zillow move over.

Jul 17, 2017 07:32 AM
Rainmaker
1,935,082
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

No matter how much razzle dazzle hooplah, no matter the number of portals, you need the local insider with real estate, with anything in the community. The guy or gal who works, lives, plays in the burg is the go to for any service. For the best know how at the local level, not west coast or citified slick.

Jul 17, 2017 06:59 AM
Rainmaker
910,617
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Do you think as an Amazon Prime member I'd get FREE shipping on the house? 

Jul 17, 2017 06:44 PM
Rainmaker
1,210,414
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I heard about this too.  Very interesting, like a test site (with no content) was accidently made live during Prime Day.  My guess is it would be very similar to their other services they sell (house cleaning, TV installs, etc.).  Probably end up being akin to a lead-gen service, that I'm sure will cost a pretty penny as well as a percentage back to Amazon.

Jul 17, 2017 09:39 AM
Rainmaker
4,866,639
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

brings a smile to my face!!! just thinking about how much I use Amazon Prime....OMG... love it... I have more faith in their success than I do Z ....

Jul 17, 2017 08:07 AM
Rainmaker
1,206,277
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Change is fact of life.

Jul 17, 2017 07:33 AM
Rainmaker
3,164,882
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

A natural progression. They will provide leads for a hefty referral fee or develop their own network. Interesting!

Jul 17, 2017 07:24 AM
Rainmaker
5,262,239
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Change will be constant in the future of real estate.

Jul 17, 2017 06:53 AM
Ambassador
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Hoping they all beat the crap out of each other while we continue to provide better levels of service than they can dream of

Jul 17, 2017 02:19 PM
Rainmaker
2,971,601
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I've been reading this, but at this point my head is spinning with all the prognostication out there.

Jul 17, 2017 11:58 AM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's interesting.

Jul 17, 2017 11:27 AM
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The war for real estate in my opinion starts with who controls the most comprehensive data set. Amazon could be a contender for that and they are the most advanced in the Cloud.

Jul 17, 2017 11:14 AM
Rainmaker
1,520,996
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Amazon is a non-entity as far as we are concerned. We support our local businesses...always!

Jul 17, 2017 09:08 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

We had heard that a week or two ago.  I think that if they are entertaining this as part of their business model, it does not make sense to me.  But then, everything is possible...

Jul 17, 2017 07:51 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, I read about that yesterday.

Jul 17, 2017 07:42 AM
Rainmaker
1,817,016
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I could do phone duty at Whole Foods !!!!

Jul 17, 2017 07:39 AM
Rainmaker
2,423,256
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Price wars with agents making or taking less

Excellent customer service & values to the consumer etc.

Survival of the fittest i.e. competition

Humble the NAR

Jul 17, 2017 06:59 AM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I just worry about my own business plan and not what the third party folks are doing.  It's never really affected my business.

Jul 17, 2017 08:10 PM
Rainmaker
761,803
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I saw this.  I think the real estate industry will look vastly different 10 years from now than it does today, just like it looks vastly different now than it did 15 years ago.  Technology is changing things at a faster rate and we will have to just hang on for the ride I think. -Kasey

Jul 17, 2017 07:42 PM
Rainmaker
382,467
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I heard about this but am unsure how they can open doors for people. 

Jul 17, 2017 03:27 PM
Rainmaker
2,701,088
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Fred Griffin Generally it will take a while to have n impact on real estate field.

Jul 17, 2017 03:05 PM
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Well we'll see how all these players play in the sandbox!

Jul 17, 2017 01:58 PM
Rainmaker
998,559
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

It'll be what it'll be and so I am not going to worry. It may well get rid of the riff raff but there will always be a need for expertise. 

Jul 17, 2017 01:35 PM
Rainmaker
1,523,566
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

It probably won't be good for all of the above.

Jul 17, 2017 01:12 PM
Ambassador
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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Keep moving forward and start adapting to the market

Jul 17, 2017 11:13 AM
Rainmaker
489,199
Steven Nickens
Elite Pacific Properties Maui - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

Fred travels agents are out of business because of big companies like Expedia, real estate agents are looking at change, work hard and retire.

Jul 17, 2017 09:58 AM
Rainmaker
982,419
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Amazon has the assets to put some fear into the first four players.

Jul 17, 2017 09:01 AM
Rainmaker
2,891,678
Richard Weeks
Dallas, TX
REALTOR®, Broker

Hope they are ready to deal with your state real estate commission.

Jul 17, 2017 08:01 AM
Rainmaker
3,063,664
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Saw this in Inman the other day.  Will b interesting!

Jul 17, 2017 07:58 AM
Ambassador
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Yes I heard that

Jul 17, 2017 07:22 AM
Rainmaker
3,238,750
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I did hear about it -- time will tell

Jul 18, 2017 04:53 AM
Rainmaker
732,084
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Amazon is going to rule the world...lol They have to be careful not to get over their heads. But in all seriousness, the business of Real Estate is forever changing and we in the industry have to adapt to it and make the changes necessary to stay in business. 

Jul 18, 2017 04:52 AM
Ambassador
4,298,221
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Fred Griffin - no matter what they do, they can't beat the 76% business by referrals in Real Estate. Let them fight for that 24% and lure 95% of real estate agents/brokers!

Jul 17, 2017 10:34 PM
Rainmaker
3,762,668
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Debe Maxwell, CRS you are spot on!!

Jul 17, 2017 07:03 PM
Rainmaker
724,099
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Amazon can be dangerous; they've been doing smart things so far.

Jul 17, 2017 01:07 PM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing 

Jul 17, 2017 12:33 PM
Rainmaker
1,366,727
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Fred Griffin It doesn't appear to be real, but the idea had Z and Best Buy thinking. Their stockholders weren't too happy.

Jul 17, 2017 09:06 AM
Rainmaker
983,908
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I am 100% with Kenneth J. Jones, Director on the tradtional brokerage. Those franchise wanting 6-8% commission to benefit the corporate headquarter. If you do stock trades it used to cost $350 to go through a broker.  With internet it is $6.99.  RE should be a hourly job like other professions.  It does not need as many licencees. 

 

Jul 17, 2017 08:02 AM
Rainmaker
822,140
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Hopefully the end of Z is near

Jul 18, 2017 06:47 AM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Debe Maxwell, CRS nailed this one!

Jul 18, 2017 05:01 AM
Rainmaker
2,825,314
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Competition will bring down the cost hopefully, Z will bring down their cost to agents.  It's a win, win

Jul 18, 2017 04:54 AM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

All it will take is some bad deals and that will spread like wildfire

Jul 17, 2017 08:29 PM
Rainer
65,662
Lee Keadle
Carolina One Real Estate - Charleston, SC
Keadle Real Estate Group

This is the first I've heard of it, Fred, so thanks for taking the time to post this. 

Aug 15, 2017 10:33 AM
Rainmaker
4,019,646
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It could affect our industry down the road as we see it today, but right now, I am busier than heck.   

Jul 20, 2017 07:45 AM
Rainmaker
1,477,296
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It does not bother me. Real estate is changing and it will go eventually virtual way. But it will take time. 

Jul 18, 2017 10:46 PM
Rainer
221,731
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Amazon will eat Z alive

Jul 18, 2017 12:43 PM
Rainmaker
2,762,979
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I am with Debe Maxwell, CRS - a lot of rumbling going on .... my eyes and ears are open and yet I am focused on my business. 

Jul 18, 2017 07:14 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know.  But, I'll keep an eye out for it.

Jul 18, 2017 05:57 AM