Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainmaker
4,176,878
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have no idea what Amazon "sees." I don't even shop there more than once every 12-15 months. I think the Amazons and Zillows of this world are turning themselves inside out to find things to satisfy shareholders that their income will keep increasing.

Jul 18, 2017 05:30 AM
Rainmaker
923,223
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

They're tapped into the Millenial market of internet shopping and socialism

Jul 18, 2017 06:42 AM
Rainmaker
1,253,910
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They see what they saw when they realized "why stop at books?"

They see what Lyft saw and Uber saw. They see what Expedia saw when they branched out to become Zillow.

It's on us as Realtors to educate the public better than Amazons and Zillows market the public. Don't waste time complaining, start explaining!

Jul 18, 2017 06:13 AM
Rainer
352,876
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Many good responses so far and I'll be back to monitor the responses as this is at the height of discussion in our business.  Personally I think it's a market that will appeal to some, however I don't see it as a threat to us for the long term.  Many jumping on the train for online home sales will soon see that it's tough to do.  I've talked about this with my clients and all so far think it's a gimmick and nit something they would even consider.  I see most jumping in in a market they think can be controlled on line.  Personally I don't see the traditional real estate agent being replaced anytime soon

Jul 18, 2017 06:07 AM
Rainmaker
2,029,630
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

People who are not in Real Estate simply have no clue as to How Hard it is to Make a PROFIT owning a real estate office/company !!!

Jul 18, 2017 05:49 AM
Rainmaker
1,644,482
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Consumer dependence on web-based information

Jul 18, 2017 05:29 AM
Rainmaker
5,572,164
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it makes no difference to me.... a strong, well-versed real estate agent will always have a value....just my opinion...maybe the weak agents will join forces with the Z's and Amazon groups.... not the top dogs...

Jul 18, 2017 06:46 AM
Ambassador
4,308,090
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

They see what Z is doing and see an opportunity. As Barbara Todaro said, it won't impact the top agents.

Jul 18, 2017 07:05 AM
Rainmaker
2,648,422
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Better, faster & cheaper is no respecter of anyone. Jump in for your share

Jul 18, 2017 08:42 AM
Rainmaker
5,647,866
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

I think this whole Amazon thing is much ado about nothing, but I may be wrong about that.  It does not fit into their business model, and with the recent acquisition of Whole Foods, they have their hands full.  Furthermore, they have not done anything similar to creating a referral type of business like Zillow.  A

Jul 18, 2017 08:02 AM
Rainmaker
1,956,855
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's a very good question Annette Lawrence , Palm Harbor, FL 727-420-4041 it's not easy trying to understand their position or view, once they get into the real physical process, they realize that the process is not as easy as they though.  Failure will teach them a lesson.

Jul 18, 2017 07:56 AM
Ambassador
3,081,624
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

When Amazon starts taking over brain surgeries ... I will be concerned. 

Jul 18, 2017 07:31 AM
Rainmaker
1,730,070
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

I cannot figure that out so I'm of no help. I think they see Z as something on the horizon but they have actually yet to make a profit so why follow a model that is not proven?

Jul 18, 2017 07:18 AM
Rainmaker
3,338,608
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I am convinced Amazon has people sitting in a room writing a plan to tak over every business. Not all will work, not all will make money, but they are exploring. NOW people are looking for savings, what they are missing is that you get what you pay for, you can pay a lower fee to an internet giant, but get no service and a lower sales price. As a buyer that internet co will not stand with you for your inspection, negotiate a solution and let Aunt Betty and your mom in 3 times to measure for curtains. 

Jul 18, 2017 06:50 AM
Rainmaker
827,082
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Profits

Jul 18, 2017 06:43 AM
Ambassador
1,764,979
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Amazon sees need and opportunity.  I'm sort of secretly hoping they buy out NAR and start to run it right.  Sshhhh.  Don't tell anyone.  

Jul 18, 2017 06:14 AM
Rainmaker
4,264,901
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What Amazon sees is opportunity! Are we ready for the competition?

Jul 18, 2017 06:11 AM
Rainmaker
2,808,406
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

I think it's simple...just go back to Porter's 5 Forces.

1.  Low bargaining power of suppliers

2.  High barriers to entry (for them, it's easy to compete w/ Z, for others it's not).  For realtors, Low barrier of entry.

3.  High threat of substitutes (at least for 1/3 of the market)...and it's a big market

4.  Low bargaining

5.  Threat of new entrants -not sure on this one

 

Jul 18, 2017 05:37 AM
Rainmaker
1,044,855
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Probably the same stats we see that home buyers and now sellers begin their searches ONLINE

Happy New Year hope 2017 was great and 2018 will be better for you.

Dec 28, 2017 12:57 PM
Rainmaker
4,433,753
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

They see potential

Jul 20, 2017 09:04 AM
Rainmaker
3,070,134
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Price.

Jul 19, 2017 05:05 AM
Rainmaker
1,526,956
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Reminds me CA residents, every second has a RE license. Does not really mean every licensee is doing it or should be doing real estate. 

Jul 18, 2017 10:37 PM
Ambassador
4,314,288
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Annette Lawrence , Palm Harbor, FL 727-420-4041 - we need some topic to discuss, and Amazon does help us with this 'RE' business!

Jul 18, 2017 10:28 PM
Rainmaker
537,054
Steven Nickens
Wailea Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

I think as long as we raise the bar in our own business, using all the technology tools that are available to us, we can stay on the cutting edge with personal service, unlike some corporate machine. 

Jul 18, 2017 08:14 PM
Ambassador
5,461,721
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

$$$ always drive these things.

Jul 18, 2017 07:44 PM
Rainmaker
3,985,922
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sadly I believe the consumer will be the one getting hurt.  REal Estate is not like fast food shopping

Jul 18, 2017 06:27 PM
Ambassador
3,986,760
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

They are feeling all powerful and have pretty much perfected the online predictive marketing systems. It looks like it is a smart decision for them. Will they have roadblocks, yes of course.

Jul 18, 2017 05:51 PM
Rainmaker
1,525,355
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I couldn't say it any better than Kenneth J. Jones, Director did.

Jul 18, 2017 05:24 PM
Rainmaker
652,549
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

The public in many cases is driven strictly by their pocketbook.  They feel as though they can do the same thing as a Realtor with the use of the internet so why not pay less and get more is their attitude.  It's our job and chance of survival to show what we bring to the table and find the clients that know the benefits we bring.

Jul 18, 2017 04:08 PM
Ambassador
1,616,354
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

they see world domination

Jul 18, 2017 02:39 PM
Rainmaker
6,673,458
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Changes will provide a constant supply of challenges for real estate professionals.

Jul 18, 2017 12:48 PM
Rainmaker
527,095
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The enormous nationwide commission pie is tempting big companies to gobble it up. 

Jul 18, 2017 10:00 AM
Ambassador
2,576,447
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

What  Kenneth J. Jones, Director said.

     My brother was telling me the other day that his neighbor was upset, because the Realtors want $40,000 in commission to sell his house.    It's a hot market, the house will sell with multiple offers.  Why should they pay $40K, etc.?  

Jul 18, 2017 09:54 AM
Rainmaker
1,157,737
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

really?

Jul 18, 2017 09:48 AM
Rainmaker
4,050,256
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I think Zillow is driving other companies to look into it.

 

Jul 18, 2017 07:16 AM
Rainmaker
1,462,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Annette Lawrence , Palm Harbor, FL 727-420-4041 Amazon sees the success Z is having. They see gulible agents who are willing to pay for cold leads. It's a cash cow.

Jul 18, 2017 06:33 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Control of data is the future battle coupled with aritifical intelligence.

Jul 18, 2017 06:31 AM
Rainmaker
4,799,601
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I will wait and see.

Jul 18, 2017 06:03 AM