Real Estate Agents are often epitomised as the least trusted of all professions but what about the ancillary property services that surround them? Agents cop flack but this article will uncover a murky underside behind the ancillary services of agents and will look at the symbiotic relationship between agents and some of the sites that get paid by the agents
Its not spoken of that agents not only really rely on these sites but also actively lobby them to keep the publics own listings out. Its useful to know that realtors and the portals that they use have a vested interest in Such a close tie-in between agents and portals is not in the best interests of sellers..
This means there is a cartel designed to limit the exposure of fsbo property so as to make it difficult to sell a home privately
Right now a real estate portal in Australia has decided to go increase the already existant inequality between fsbo or agent assisted sales and regulation property sales.
Not content to prohibit private sales the market power website has sought to hinder a small company which helps fsbos via an agent assisted sale. With no possible way to stop the anti-competitivestance the PropertyNow Australian portal has sought the intervention of the industry regulator known as ACCC.
The moniker signifies Australian Consumer and Competition Commission. It is hoped and appears very likely that the market power will be found to have decimated those laws produced to ensure competition within real estate or any other such industry.
The obligations are particularly powerful. There are massive fines and other remedies that may be levied if a company breaks the very demanding Consumer and Competition Act.
It seems scarcely believable that an already mighty real estate website and one which is a famous would jeopardise its own business operations with the prospect of securing very little of value from the unprecedented attack and one which in any case, has so little in results.
It only requires a proof that the gigantic property site is in fact a Market Power, in order for the charges to represent a prosecutable breach of law.
If so then the market value of the company could fall dramatically.
With the arrival of any such news, the support of agents might be withheld.. The decision to damage the tinier site may prove highly both litigious and a PR nightmare for the entrenched portals.
The attempts by those who staff those real estate agent only portals in an effort to keep private sellers listings as blacklisted are quite certain to fall foul.
The efforts of real estate agent websites to keep the minor league out of the game is one thing, but when it begins to hit sellers in the hip pocket, then its a totally scenario.
The determination of the agent only websites, to exclude sale by owner sellers will eventually die At some point the portals and agents will need to accept the public decree.
The regulators pressure will drive the speed of these changes.
The domination among agents and industry affiliated websites in order to secure the arrangement is a worldwide contention in in online property advertising but gradually agents are beginning starting to lose their exclusive grip and so private sellers are growing their sales numbers.
Visit PropertyNow to see more about this real estate abuse. Also be sure to check out their Home Loan research tools before the mortgage community also gets in the act and tries to ban them there also.
This real estate post was researched and written by.
Warwick Stras.
Senior Correspondent.
Gospel Property Marketing. Well make you a Believer..