21st Century, Ahoy: REBNY Rolling Out Web Listings
The Real Estate Board of New York announced it would launch its long-in-the-works web portal this Friday. The site, ResidentialNYC.com, will be free and feature sales and rental listings from participating REBNY brokerages. The idea is to offer a centralized, one-stop shop for prospective renters and buyers so they don’t have to jump from one…
The Real Estate Board of New York announced it would launch its long-in-the-works web portal this Friday. The site, ResidentialNYC.com, will be free and feature sales and rental listings from participating REBNY brokerages. The idea is to offer a centralized, one-stop shop for prospective renters and buyers so they don’t have to jump from one brokerage’s website to another. The portal’s not necessarily going to fulfill the one-stop goal, though: The city’s two biggest residential brokerages, Corcoran and Elliman, reportedly decided against participating in the public listings service. Think this’ll fly if the big C and E aren’t joining the party? Would you use it?
REBNY Readies Web Portal–Where’s Corcoran & Elliman? [NY Observer]
REBNY to Launch Free Web Portal [Real Deal]
Some of you just don’t get it. The rumor is that REBNY’s search engine will launch with 50% of Manhattan listings and a good chunk of Brooklyn. Even without the big 2, that’s a couple of thousand real listings.Plus based on what Trulia does in other marketing, this could be kind of cool. It’ll probably have useful data like recent homes sold, neighborhood stats, heat maps and all the other stuff that Trulia seems to do well.
If REBNY did its job, the ones who are sitting it out — including the big C & E — will have to jump in. ANd they need the attention because they’re in the marketing business, and the easy-rolling, fast-buck days are over.
5:53 if it’s closed it’s sold and if it’s marked on their website it was THEIR listing. that’s what I’m talking about. I didn’t say sold. I am fully aware that another agent may have SOLD it but the MLS is all about LISTINGS and that’s what I’m talking about. There’s a lot of semantics with real estate (ie: TLC means lots of work)closed and sold may be different. listing is listing.
5:23 When you speak of stats you might want to note that many of the listings marked closed were not necessariy closed by Corcoran but by other agencies. It’s quite deceptive -good advertising but not honest.
think what you want 5:06 and maybe you think 75% is too high but when you see their stats ($ and #’s of listings closed) they always rank 1 and 2 and blow the others out of the water by a long shot. before this mls every agent searched on the NYTimes AND Corcoran and Elliman’s websites.
and for the record: I can’t stand corcoran. i have no beef with elliman. it is what it is.
I don’t think Corcoran and Elliman list 75 % of the total NY market. Maybe that percentage of the high end market, or the market in certain neighborhoods, but not everywhere, 4:34.
I would think this new MLS would be great for anyone looking for lesser priced properties in all kinds of neighborhoods, which is a larger percentage of the population.
REBNY is the only real estate org that does not participate or recognize NAR. They won’t tell you why they don’t think they need to. Period.
As far as Corcoran and Elliman goes: they list about 75% of the market. why should they spend the kind of money REBNY wanted brokers/agents to pay to list their listings when they have wonderful, strong websites that support themselves?
I hope the MLS for REBNY works for the public but frankly it’s a lot late and a lot short.
I am NOT an agent with either of these companies..I just know what’s going on.
REBNY blew this one big time, as it seems the participating firms will be Halstead, Brown Harris and a (small) bunch of (small) others.
Excluse the plug here, but I have blogged about this about five times in the year since REBNY made its premature announcement, most recently today.
http://www.realtown.com/sandymattingly/blog/manhattan-real-estate-business/rebnys-paltry-portal-launches-friday-yawn
Short story is that this will not have enough of the market to be especially relevant, which is a huge missed opportunity for REBNY and a shame for buyers who are sick of phony listings on NY Times . com.
Ego? Money? All of the above…
I don’t understand why everywhere else in the USA they have to put houses in a central-MLS system except in NYC.
If Corcoran were selling my grandmama, I wouldn’t buy her. Yeah even though they have Black, Brown and Yellow agents they are a bunch of bigots.