Comments on: Game-changer or gamble? New platform turns Realtor competition into cash for sellers

By: Alexander Symonds

Alexander Symonds — Mon, 27 Jan 2025 15:03:00 +0000

Sounds like a silly service to me. Bottom line home sellers are fed up paying high commissions to sell THEIR home, which they have invested so deeply into. These days, houses for the most part are selling faster than you can list them – especially in key markets. So, I’m not sure why or how this concept helps? Seems like an unnecessary layer just for a seller to make a small ‘commission’ to list. I’d rather see them help identify a ‘best’ fit in finding the right Agent in my jurisdiction. The platform/service might make more money helping to connect the right agent to the home seller by charging a fee to help showcase the best Agent for the job. The platform could charge sellers to use the platform to access curated information on Agents. And Agents could pay for the benefit of hosting their stats… sort of like Angie’s List …

By: peter b

peter b — Mon, 27 Jan 2025 14:45:09 +0000

In reply to Marietta. Reco is good at fining agents but has a poor record of protecting agent's rights, whatever they are. take a survey and ask Realtors if they trust RECO and the answer will tell you a lot. Perhaps an association that actually addresses Realtor's needs is needed (no, not a union of sorts).

By: Melanie

Melanie — Sun, 26 Jan 2025 00:11:02 +0000

There are so many industries that will fall due to AI. We have an industry that relies on what I call the soft science of people. Somthing AI, as of yet, can not possible replace. People get in their own way, they make rash decisions, they use heated words, and they fold to soon. It is our job to put them back on course. Defend their descisions. Help them make decisions to move them forward without regret.

It amazes me with this very important job that we do, someone has figured out away of driving us into the ground.

Borrowed for Pratical Magic: you can’t practice real estate while you look down your nose at it.
Dummy up!

By: D O Reality

D O Reality — Sat, 25 Jan 2025 17:45:52 +0000

So your property is in Windsor and the winning bid is from a sales rep in Ottawa. What a great platform. This clearly illustrates why business ideas should not be developed in a Pub.

By: Gabriel

Gabriel — Fri, 24 Jan 2025 23:16:06 +0000

Whoa. Monetizing the system does not sound like a solution. More greed comes to play and the only real winner is the platform that collects 30% of the fees for no real effort, accountability or consequence.
This spells disaster in so many levels. Very unprofessional to say the least!!!!!

By: Felix

Felix — Fri, 24 Jan 2025 17:37:58 +0000

Ummmmm, this process is Tresa compliant?

By: John Daniel

John Daniel — Fri, 24 Jan 2025 15:55:18 +0000

Who cares anymore. Every day this industry gets hit with something else to take more and more from Professionalism in this diminishing industry.
And as usual all our dues$$$ to Associations, Brokerages, Goverments and Boards that do nothing to protect the industry but are more than will to increasingly take are money every single month of every single year.
The bottom line is “selling” real estate has not changed in my 35 years in the industry. That being the actual dealing with a buyer or seller.
But all the crappppp associated with that main process gets conveluded and allows dirty agents to screw fellow agents and the public. And creating a shit full of money to those (mentioned above) who have nothing to do with the main goal of selling and buying real estate.
Its becoming … no sorry … It is one of the most unprofessional bussnesses going in my opinion.

By: Richard Nichols

Richard Nichols — Fri, 24 Jan 2025 15:49:51 +0000

In reply to Marietta. Wait until RECO gets involved when things go "messy". ; )

By: Marietta

Marietta — Fri, 24 Jan 2025 14:32:40 +0000

Sounds like a mess to me!

By: DR

DR — Fri, 24 Jan 2025 14:23:57 +0000

This is a fantastic idea but as a RE and prop tech investor I think they will run into issues of legitimate listings especially if the money is given up front to the clients. Also the realtors who come on these are expected to be great but what is done to check their references etc. Reviews are not useful since some (not all) may buy these or ask their friends to give them reviews etc.