The economic downturn has hit the housing market hard, affecting all segments of the industry and resulting in a downward spiral of foreclosures, mortgage debt, and shortsales. While government, financial institutions, corporates, and lawmakers have begun intervening to jumpstart a recovery process, a solution is a long way off and agents and brokers need to be aware of the challenges and be able to navigate difficult situations to facilitate any future buying and selling processes.
Once the crucial center of a healthy, functioning real estate brokerage industry, the Multiple Listing Service (MLS) now find themselves facing controversy and a fight for survival in a world where digital is taking over and changing the property landscape and effecting all key players. Can the MLS move with the times or is it time to move on
In the rapidly growing digital age, how consumers receive information is everchanging. Real estate agents and brokers need to move away from oldfashioned ways of marketing their businesses and listings and learn to use and embrace the tools of technology.