There are many realestate websites. How do they make money anyway?
Can understand realtors and MLS charge per listing to get revenue. How about those other websites such as RealestateABC, openrealtylist.org, homesearching.com etc?
Most websites are paid for by the realtor. A realtor has to be represented by a broker. In other words, if you are a realtor, you have to be backed by a Century 21, Remax, Shorewood, whatever. A realtor can pay for his own listings which are part of the broker website or sites such as the ones you mentioned get paid by the person listing the house. I paid Realtor.com to list my condo. It is free to look at.
November 29th, 2009 at 4:52 pm
They all charge for the listings they advertise, they also make money off of adds which are posted on their sites for mortgage companies, relocation services, etc.
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November 29th, 2009 at 5:13 pm
Most websites are paid for by the realtor. A realtor has to be represented by a broker. In other words, if you are a realtor, you have to be backed by a Century 21, Remax, Shorewood, whatever. A realtor can pay for his own listings which are part of the broker website or sites such as the ones you mentioned get paid by the person listing the house. I paid Realtor.com to list my condo. It is free to look at.
References :
November 29th, 2009 at 5:34 pm
when you fill out information, it is sent to a realtor that pays to recieve leads. the website gets a portion of the realtor’s commission when the house sells.
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