May 2007

Ken Jenny on Real Estate at NAREP

by THE WAV GROUP on May 15, 2007

Ken Jenny is a frequent blogger on the Inman Blog, and is considerd to be one of the real estate industry’s top broker consultants. Last week at the National Association of Real Estate Publishers annual meeting (NAREP), he addressed the publishing group with his vision for tomorrow. According to Ken, “big brokers are going to bury the MLS becasue it is the conduit  that feeds their growing competiton of unqualified brokers who misrepresent the consumer.” Case in point – if Coldwell Banker, Pacific Union, Alain Pinel, Prudential and RE/Max pulled out of the Bay Area MLSs (of which there are 4) – they would take with them 80% of the agents and transactions.