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Wednesday, February 29, 2012

New Website Helps Buyers/Sellers Verify Agent Performance

[Published March 1, 2012, in the Denver Post]

     Sellers struggle when it comes to selecting the best real estate agent. One reason is that there is literally nowhere — except the member-only MLS — to find statistics about an agent’s performance.

     Attempts to provide rankings or reviews of real estate agents have been attempted unsuccessfully by numerous parties, including Zillow and Redfin, and the Realtor associations have toyed with the idea over the years, but without success. Basically, the vast majority of agents, including Realtors, are not doing a lot of business — NAR reports that the average member’s gross income last year was only $36,000 — and that has scuttled any attempt at introducing such a service.

The public, however, still needs to get the raw facts on agent performance: number of listings sold, average days on market, and even whether the agent is a Realtor and the status of their license.

So I have created a website, where, for a nominal fee, anyone can request the stats on one or more agents with whom they are considering doing business. It’s in beta testing now, but go ahead and give it a spin!

1 comment:

  1. I was informed by Metrolist, Denver's MLS, that it is against MLS rules to re-sell their data, so there will be no "nominal fee" charged for agent reports. We will provide these reports as a public service, as indicated on the website.