The beginning of the real estate discount: Society as a whole has been significantly affected by the emergence of the Internet. It has made the world a smaller place and changed the way we communicate and do business.
It has helped companies target their clients through avenues like Google and Yahoo, and in turn put the products and real estate agent in macquarie fields information consumers are looking for at their fingertips. Social networking sites like Myspace and Facebook have made it possible to stay in touch with friends and family around the world via the Internet.
Over time, these changes and effects become more widespread and disturbingly self-evident. One such industry that will be dramatically affected is real estate.
For decades, the real estate industry has been defined by traditional representation, in which an agent charges a seller a commission to market and sell their home, or represents a buyer throughout the home buying process.
In the past, the traditional model was the foundation of the real estate profession and faced little to no resistance. That started to change. With the addiction that society has developed on the Internet, creative minds have begun to develop new models that cater to all types of consumers.
As a result, consumers no longer have to settle for the traditional “One Size Fits All” model, but have the option of choosing the type of service that fits their real estate needs.
New Models: Consumers can now choose from a variety of real estate products and services.
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