The Third Economic Wave
April 1, 2009 by e-Partner · Leave a Comment
The real estate industry is made up three economic waves, those being the Broker-Centric Era, the Agent-Centric Era and the third we call the Consumer-Centric Era.
The Consumer Centric Era began circa 1994 with the placement of the first property listings and photos on the Internet. It is an era dominated by the open distributioin of property information to consumers that largely reject the old retail bricks and mortar interface with brokers.
More than any other era, the consumer-centric era will have the greatest impact on real estate brokerage business models and Broker/Owner profitability.
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