Realtors using HungryAgents.com, an online referral service that launched in February, compete for clients based on how much they are willing to reduce their commissions. Realtors pay a $795 fee for each successful sale stemming from the Web site’s referral.
ListFromHome.com, which launched this month, also allows real estate agents to compete for new listings. Agents pay a $10 registration fee and $15 for each qualified lead for each lead received from the site. Competing agents submit an e-mail presentation to prospective clients that lists “a commission rate, advertising commitments, open houses and other customer services.”
There are other examples of similar business models that match consumers with real estate agents who are willing to work for below-average compensation.
Read this article from Inman Real EstateNews
No related posts.
Article Author: Joshua DorkinJoshua has written 570 articles for us.
Visit Joshua's Website: http://www.biggerpockets.com/
Joshua Dorkin (@jrdorkin) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
Joshua Dorkin
