Posted by mdl123 at 6/28/07 5:44 a.m.

Nice business model. My suggestion to Shawn is that to make this really useful to consumers, include stats about the agents and the properties they have marketed in the past. Some ideas below. These stats would make it much easier to create a close match to the consumer and would enable the creation of a great database of proprietary matching info.
- Average listing price
- Average selling price
- Average price delta (sales vs listing)
- Days on market
- Top 3 markets by zipcode/neighborhood (or % total sales)
- Years of experience

Ultimately, as a home seller, I want an experienced realtor that has a track record of selling homes in my zipcode/neoighborhhod at or above the listing price in a short period of time.

Posted by unregistered user at 6/28/07 3:50 p.m.

This is hardly a new model, Homegain and others have been doing this for years. I'm suprised that a re-hashing of same ole model even gets press

Posted by unregistered user at 6/28/07 4:28 p.m.

Clients want agents who know the geographic area that the seller/buyer is interested in.

The best way to find an a good agent is to look for signs in the neighborhoods of your choice and call local brokers to have them refer or make the 'best match' for the clients needs.

Posted by Louis Cammarosano at 7/3/07 8:24 p.m.

I think what estately is doing is vastly different to Housevalues.

They seem to be operating as a matchmaker for agents and consumers and taking a piece of the transaction fee (the commission) if they the pair consumate a deal.

This is similar to Homegain's Agent Evaluator program which is more like a lending tree competitive platform where agents compete for homebuyers and sellers business.

Agent Evaluator is a very consumer friendly product on which HomeGain makes tens of millions of dollars and many realtors in the program have made hundreds of thousands of dollars in commissions, with at least one realtor earning over one million dollars

Agent evaluator is probably Homegain's best known product because of the referral fee. However is it is not HomeGain's largest product-Homegain has three other products for which a referral fee is not charged.
And HomeGain was the first company to have a web based
AVM on its web site and recently brought it back.
All of Homegain's products can be found here and be ordered online
http://www.homegain.com/agent/realestateagent?ht=hp_rnav_agent_enter&entryid=2811

Good luck to Estately.

Posted by orange29 at 7/11/07 2:02 a.m.

The potential problem here is that after Agent Match give the referral, the agent receiving the referral could already have been in contact with the propective client.

www.property-bangkok.com

Posted by orange29 at 1/27/08 4:31 a.m.

Traditionally in Bangkok, agents will co-broke on a 50%:50% shared commission basis, so if I had to pay another agent only 12% of the commission for a prospect lead, I would feel quite ok about that.

www.bangkokapartment.org
www.bangkokcondo.org
www.apartmentbangkok.net
www.condobangkok.net
www.property-bangkok.net