How is Sawbuck Different from Other New Real Estate Web Sites?
A lot of people are trying to figure out how to use the power of the Internet to do real estate differently; hence several different business models have been created. Here are a few: • Commission Rebate Model: These companies are licensed real estate brokers and members of the local MLS (multiple listing service). They have a small number of agents who operate out of a central office and deal with buyer clients on the phone and by email (might only have one or two agents for an entire metro area). Their primary attraction is that they rebate a portion of their buyer’s agent commission to the buyer, either at or after closing. • Pros: Rebate a portion of the commission to the buyer. • Cons: Less-experienced agents in a central location don’t know the local market, homes and other agents. Lower level of service for buyers (limited or no home tours, might never meet the agent, less personalized advice and counsel). Sellers (and their agents) might not take offers from these agents seriou
