All Homes On The Web Ready with Next Generation E-Commerce Real Estate Websites
New Internet Real Estate Listing Competition Created by U. S. Department of Justice Settlement with National Association of Realtors.
Raleigh, NC, May 31, 2008 --(PR.com)-- The anti-competitive and anti-trust settlement reached on Tuesday between the U.S. Department of Justice and the National Association of Realtors on internet listings for home sellers creates a new competitive marketplace.
The new competitive landscape is perfectly suited for a new type of innovative multi-functional real estate website selling platform.
“We had been preparing our next generation of website selling platforms for both licensed brokers and For-Sale-By-Owners since 2006,” said Thomas Vass, owner of All Homes On The Web. “I have been a licensed real estate broker in North Carolina since 1981, and never doubted for a second that the way the NAR was reacting to internet-based real estate listings would be held as an unreasonable restraint of trade,” Vass added.
The U. S. Department of Justice announced a proposed settlement with the National Association of Realtors (NAR) that requires NAR to allow Internet-based residential real estate brokers to compete with traditional brokers.
The Department said the settlement will enhance competition in the real estate brokerage industry, resulting in more choice, better service, and lower commission rates for consumers. NAR has agreed to be bound by a 10-year settlement to ensure that it continues to abide by the requirements of the agreement. http://www.usdoj.gov/opa/pr/2008/May/08-at-467.html
The new websites developed by All Homes On The Web allow both brokers and sellers to jointly conduct online marketing strategies. “We think most sellers are frustrated by the status quo mentality of brokers in selling their homes. Our websites allow sellers a greater level of control to sell their property, while also getting the benefit of marketing through the local MLS,” said Vass.
Under the terms of the settlement, NAR will repeal its anticompetitive policies and require affiliated multiple listing services (MLSs) to repeal their rules that were based on these policies. NAR will enact a new policy that guarantees that Internet-based brokerage companies will not be treated differently than traditional brokers. Under the new policy, brokers participating in a NAR-affiliated MLS will not be permitted to withhold their listings from brokers who serve their customers through virtual office websites (VOWs).
Vass noted that the new e-commerce internet real estate selling platforms consists of the broker’s own parent website, and the capacity for the broker to create hundreds and hundreds of identical seller websites that look and function just like the main parent website.
The main parent broker real estate platform contains all of the broker’s own listings, and access to the listings from all of the local MLS, if the broker is a member of the MLS. Each of the broker’s selling agents also have their own website connected to the main parent website.
In addition to the MLS listings the new websites contain listings from Non-MLS sellers (FSBO) and listings from other internet real estate websites.
The new All Homes On The Web templates are fully automated, and self-managed, with a built-in photo editor so that photos and videos can be easily uploaded into each seller’s own website.
The main marketing value of the new generation of websites comes from the power of the internet to create a global market for a local property. Potential buyers searching for property can land on either the broker’s parent website or on any of the many individual sellers websites.
Buyers can then conduct a search for property in both MLS listings and non-MLS listings, mostly the For-Sale-By-Owner listings without ever having to leave the parent broker’s websites.
“While most of the attention surrounding the new settlement has focused on lower commissions, we think the greater economic value is the synergy for buyers to find property easily and for seller’s to take more control over the selling process,” said Vass.
About AllHomesOnTheWeb. All Homes is a division of an internet-based media company in Raleigh, N.C. that creates and sells next generation website templates designed for professional service providers. In addition to real estate websites, the company also creates online due diligence platforms for private capital market transactions www.privatecapitalmarket.com, websites for investment advisors and financial planners, www.investmentadvisorwebsites.com and publishes online newsletters about technology and innovation www.technologystockadvisor.com
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The new competitive landscape is perfectly suited for a new type of innovative multi-functional real estate website selling platform.
“We had been preparing our next generation of website selling platforms for both licensed brokers and For-Sale-By-Owners since 2006,” said Thomas Vass, owner of All Homes On The Web. “I have been a licensed real estate broker in North Carolina since 1981, and never doubted for a second that the way the NAR was reacting to internet-based real estate listings would be held as an unreasonable restraint of trade,” Vass added.
The U. S. Department of Justice announced a proposed settlement with the National Association of Realtors (NAR) that requires NAR to allow Internet-based residential real estate brokers to compete with traditional brokers.
The Department said the settlement will enhance competition in the real estate brokerage industry, resulting in more choice, better service, and lower commission rates for consumers. NAR has agreed to be bound by a 10-year settlement to ensure that it continues to abide by the requirements of the agreement. http://www.usdoj.gov/opa/pr/2008/May/08-at-467.html
The new websites developed by All Homes On The Web allow both brokers and sellers to jointly conduct online marketing strategies. “We think most sellers are frustrated by the status quo mentality of brokers in selling their homes. Our websites allow sellers a greater level of control to sell their property, while also getting the benefit of marketing through the local MLS,” said Vass.
Under the terms of the settlement, NAR will repeal its anticompetitive policies and require affiliated multiple listing services (MLSs) to repeal their rules that were based on these policies. NAR will enact a new policy that guarantees that Internet-based brokerage companies will not be treated differently than traditional brokers. Under the new policy, brokers participating in a NAR-affiliated MLS will not be permitted to withhold their listings from brokers who serve their customers through virtual office websites (VOWs).
Vass noted that the new e-commerce internet real estate selling platforms consists of the broker’s own parent website, and the capacity for the broker to create hundreds and hundreds of identical seller websites that look and function just like the main parent website.
The main parent broker real estate platform contains all of the broker’s own listings, and access to the listings from all of the local MLS, if the broker is a member of the MLS. Each of the broker’s selling agents also have their own website connected to the main parent website.
In addition to the MLS listings the new websites contain listings from Non-MLS sellers (FSBO) and listings from other internet real estate websites.
The new All Homes On The Web templates are fully automated, and self-managed, with a built-in photo editor so that photos and videos can be easily uploaded into each seller’s own website.
The main marketing value of the new generation of websites comes from the power of the internet to create a global market for a local property. Potential buyers searching for property can land on either the broker’s parent website or on any of the many individual sellers websites.
Buyers can then conduct a search for property in both MLS listings and non-MLS listings, mostly the For-Sale-By-Owner listings without ever having to leave the parent broker’s websites.
“While most of the attention surrounding the new settlement has focused on lower commissions, we think the greater economic value is the synergy for buyers to find property easily and for seller’s to take more control over the selling process,” said Vass.
About AllHomesOnTheWeb. All Homes is a division of an internet-based media company in Raleigh, N.C. that creates and sells next generation website templates designed for professional service providers. In addition to real estate websites, the company also creates online due diligence platforms for private capital market transactions www.privatecapitalmarket.com, websites for investment advisors and financial planners, www.investmentadvisorwebsites.com and publishes online newsletters about technology and innovation www.technologystockadvisor.com
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Contact
All Homes On The Web
Tom Vass
919-975-4856
www.allhomesontheweb.com
Tom Vass
919-975-4856
www.allhomesontheweb.com
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