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#135212 - 04/16/07 01:52 PM Re: Zillow's posting property feature: [Re: realting]
broker Offline
Major Contributor

Registered: 08/16/04
Posts: 1979
Loc: Cary, NC
"I am one of the top ten listing agents in my state."

sure you are.

You didn't address the other points.

The problem with all this "new way of thinking" is that the people who are doing the thinking don't think.
_________________________
the real estate industry is changing...

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#135213 - 04/16/07 01:54 PM Re: Zillow's posting property feature: [Re: realting]
Troy Richardson Offline
Member

Registered: 05/31/06
Posts: 402
Loc: Bennington, Vermont
Ok, realting, pretend you're Paul and explain this to me reaaal slow...

How is this an agency issue?

How can you say that this is not a COE issue- I quoted the exact part of the COE that I violated.

Yes, I'm licensed in my state, but guess what - Vermont is such a nice place to live, that people from OTHER states want to move here - therefore I advertise everywhere. I don't get your point at all...



 Originally Posted By: realting
Troy you can advertise anywhere you want. You can even commit a crime anywhere you want. But you are licensed in your state so thus shouldn't you be advertising only in your state?

This is not a COE issue this is about agency in your state and every other state in the union.

 Quote:
What if the comments were all negative?


What if it is? So What? You don't want your sellers to know what the market really thinks about their property?

What if the comments were all positive? Would that make you feel more at peace?

If anything, Zillow to reveal how incompetent some of the agents are in this business. When people comment they will say both negative and postive things. Isn't that what do when they comment on things?

_________________________
Troy Richardson
The Richardson Group
RE/MAX Maple Leaf Realty - Commercial Division
Bennington, Vermont 05201
Bennington VT Commercial Real Estate

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#135214 - 04/16/07 01:58 PM Re: Zillow's posting property feature: [Re: realting]
Artiste Offline
Major Contributor

Registered: 06/12/06
Posts: 1858
Loc: Arizona Bay
Step 6 - Post a photo
_________________________
Let's take back the real estate between our ears and get green like a sonofa$%^&*

NAFTA is over!!
(if you want it)


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#135222 - 04/16/07 02:30 PM Re: Zillow's posting property feature: [Re: Artiste]
realting Offline
Member

Registered: 01/21/07
Posts: 280
 Quote:
The problem with all this "new way of thinking" is that the people who are doing the thinking don't think.


Oh I bet they're thinking alright. Remember broker, Zillow didn't start this discussion to get questions answered. I believe you have more questions than answers. Zillow is a mover and shaker and you're doing the shaking.

Troy, COE applies to realtors. We are discussion agency as it applies to licensed people in general.
btw, you proved my point. What you are doing with your advertising and what Zillow is doing with their blogs are no different.

Keep in mind that this is not about blogs. Blog was used as an example of what Zillow is doing. Zillow is merely attempting to create a discussion forum on houses for sale. If things go according to their plan everybody will be able to search by a street address and get the scoop on any house in the u.s.
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#135224 - 04/16/07 02:35 PM Re: Zillow's posting property feature: [Re: realting]
broker Offline
Major Contributor

Registered: 08/16/04
Posts: 1979
Loc: Cary, NC
"Zillow is a mover and shaker and you're doing the shaking."

you couldn't be more wrong.

So what's the name of your company?
_________________________
the real estate industry is changing...

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#135225 - 04/16/07 02:41 PM Re: Zillow's posting property feature: [Re: Artiste]
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Now that is typical post for you. You are great on the one liners but totally lack substance.
Try making a intellectual addition to a thread instead of cute one liner or a picture.

 Originally Posted By: Artiste
Off-base indeed.
_________________________
Paul Oaks
Oaks Real Estate Group

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#135226 - 04/16/07 02:42 PM Re: Zillow's posting property feature: [Re: broker]
realting Offline
Member

Registered: 01/21/07
Posts: 280
Give me your social security number first so I can verify that you are not some perv surfing the internet. I mean "what if" right?
_________________________
Why do we assume that those charging less than 6% is a discount company and those charging 6% are giving full service?

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#135227 - 04/16/07 02:44 PM Re: Zillow's posting property feature: [Re: realting]
realting Offline
Member

Registered: 01/21/07
Posts: 280
Paul, the kid's still learn to talk. In a few months he'll be able to complete a sentence.
_________________________
Why do we assume that those charging less than 6% is a discount company and those charging 6% are giving full service?

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#135229 - 04/16/07 02:50 PM Re: Zillow's posting property feature: [Re: Agent 007]
SiberianWinter Offline
Member

Registered: 05/24/06
Posts: 403
Loc: White Plains, NY
 Originally Posted By: Agent 007


I also believe that when an agent enters into an exclusive listing agreement with a seller, the agent has absolute sole marketing rights to that property. Some of you may not see Zillow as a property marketing site, but I do. They want to advertise as many properties as possible for their own benefit.

An agent advertising someone else's listing is unacceptable to some of us.

For example: Let's say I am the listing agent of a $20 million home. I would not want this property advertised by other agents with their contact info under it unless I were to give them my permission.

It may seem like it would be advantageous to your seller to have as many people as possible advertising their home, but this can also become very confusing to many buyers. They see a home advertised by 5 agents, how do they know who the actual listing agent is? I know it seems similar to IDX, but advertising for sole beneficial purposes for the advertiser needs permission from the listing agent.

What really gets me is that some of you actually believe that Zillow is doing this to "talk" about properties! They are doing it "advertise" these properties along with the person's contact info that put them on there. It is an advertising idea. Even iff people did comment on these properties on the Zillow site, how many of you would really want just anyone being able to comment on your listing? What if the comments were all negative? How would it make your listings look if people wrote negative comments about it to the general public? It would interfere with your marketing abilities and possibly turn away buyers from your property.


Why? I have an fiduciary obligation to my sellers to make sure that their listing is sold in the most timely manner possible, for the best price possible.

If I don't allow other agents to "present" the property either on their web site or in their advertising, then I am actually keeping eyeballs OFF the property because I want all the buyers to come through me. Who does this serve? The seller or ME? It's better for me to keep the listing all to myself. It is NOT in the best interests of the seller.

I ran into this issue once before. Some newcomers to real estate in my office wanted to advertise my listing in a local paper (Korean) and use their names as the contacts. I didn't want to do it because I thought they were stealing my listing. "Damn it!" I thought "I worked damn hard for that listing, why should a green newbie benefit from the months of legwork it took me to get that?" But I recognized that NOT letting them do it might prevent a whole new set of eyeballs from seeing the listing. I allowed them to do it. Was I happy about it? No. But it was the right thing to do for the listing and the seller. The objective is to sell the listing....not get buyers for yourself.

To the buyer IT DOESN'T MATTER who the listing agent is ...or at least it shouldn't. How is that relevent to selling the listing?

The one stipulation should be is that no one can bad mouth the property..

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#135230 - 04/16/07 02:54 PM Re: Zillow's posting property feature: [Re: SiberianWinter]
FL Realtor Offline
Member

Registered: 11/13/04
Posts: 213
Loc: Florida
I think it's the old duck rule in reverse. If it looks like a duck, walks like a duck and quacks like a duck it's a duck. You take a chicken and hang a sign on it that says duck. It's not a duck because it doesn't look like a duck, walk like a duck or quack like a duck.

Zillow came up with what's probably a brilliant marketing decision. Let's let agents advertise other agent's listings, and we'll call it a blog to make it fall within the ethical guidelines.

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#135232 - 04/16/07 02:55 PM Re: Zillow's posting property feature: [Re: Paul Oaks]
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Troy,
You are still missing the fact of the situation. Based on the wording that Zillow has chosen an agent would not be in violation of law or ethics by commenting that 123 Easy St. in Easy, USA is for sale for $XXX,XXX. The only thing the agent is guilty of is taking advantage of a post that could potentially generate a potential buyer for a property in that area. If I were to post I would always make comment on how wrong Zillows Zestimate price is based on local market reality.

It all comes down to wording. If worded one way it may violate law or COE and when worded a different way it violates nothing!
_________________________
Paul Oaks
Oaks Real Estate Group

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#135233 - 04/16/07 02:59 PM Re: Zillow's posting property feature: [Re: Cool Cat]
Cool Cat Offline
Member

Registered: 03/08/07
Posts: 320
Loc: Indiana
 Originally Posted By: Cool Cat
It seems that Zillow has not taken hold in my back woods community of Evansville, IN. I posted one of my ten listings on Zillow and noticed that I was the only local Realtor taking advantage. There were also a total of five: 2 FSBO's and three others that were "Make Me Move". (maybe potential listings)

I guess it is getting more hits and if I were to add my other nine listings it would get me exposure, but would I also be opening the door to more competition. I am still not sure if being a pioneer will help or hurt. I am going to watch and see for a short while. With the limited amount of listings and the lack of Realtor interest would I also be smart or unwise to advertise in the upper right hand corner for .01 a hit and commit $100 bucks a month (10,000 hits) or would that open the flood gates and I get bought out by someone willing to pay $1.00 a hit. At that point I would rather do Google adwords.

I have also bought a FSBO site (www.EvansvilleHomesByOwner.com ) that I got sponsors to pay for and am trying to figure the best marketing idea to get participation from FSBO's and potential buyers.

Maybe Zillow will overrun these FSBO stealth sites including mine since posting on them is free.

What do you think Realthing?


What do you think Realthing?

With the limited amount of listings and the lack of local Realtor interest would I also be smart or unwise to advertise in the upper right hand corner for .01 a hit and commit $100 bucks a month (10,000 hits) or would that open the flood gates and I get bought out by someone willing to pay $1.00 a hit. At that point I would rather do Google adwords.

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#135239 - 04/16/07 03:30 PM Re: Zillow's posting property feature: [Re: FL Realtor]
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2717
Loc: CO
realting = jaber,
dejavu! (the old is new again, some posters here might remember)

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#135240 - 04/16/07 03:33 PM Re: Zillow's posting property feature: [Re: pikes peak]
broker Offline
Major Contributor

Registered: 08/16/04
Posts: 1979
Loc: Cary, NC
i was thinking it was the guy who was promoting giving back a major portion of the buyers agent fee without doing the work. i forget his handle....
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the real estate industry is changing...

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#135258 - 04/16/07 04:59 PM Re: Zillow's posting property feature: [Re: realting]
Paceryder Offline
Veteran Member

Registered: 05/14/05
Posts: 935
Loc: The Milky Way
 Originally Posted By: realting
Blog is a web log. For you internet illiterates it's like a catalog of what's on the web. Very similar to the search engine as weblogs can be setup to be searchable. It's very similar to this discussion forum actually. It's searchable.

If you people are afraid that weblogs will ruin your business stay at home and don't use the web. Things are going to get rough on the internet because weblogs are just beginning.


I thought a blog was like an internet diary.

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