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March 12, 2007

No Portal Required: Board Lets Firms Off Hook

trdportal1.jpgREBNY announced on Thursday that participation in its much-publicized public listings portal is no longer being required of its members. Doesn't this pretty much defeat the purpose? REBNY is trying to put on a smile: "We expect that the site will have an overwhelming percentage of exclusive listings which are on the market," said the group's spokesman Frank Marino. The New York Times must be breathing a huge sigh of relief.
REBNY Portal No Longer Mandatory [The Real Deal]
Image from The Real Deal




Posted by Brownstoner at 9:29 AM | Comments (3)
Categories: Market

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Comments

I agree this is pointless without broad participation by the brokers.

Posted by: Anonymous at March 12, 2007 11:46 AM


The ineffecient scam that is NYC real estate continues unabatted! I can't wait for the day when a true MLS is set up, brokers are eliminated entirely, and only transaction/legal fees are paid.

Posted by: Anonymous at March 12, 2007 10:28 PM

love that donald trump caricature

Posted by: Anonymous at March 12, 2007 11:34 PM

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