Real Estate Confronts Profitability
Stefan Swanepoel John Tuccillo
24 pages, RealSure 2003
Real Estate Confronts Profitability
The revolution in the accumulation, interpretation and transmission of information has dramatically changed the nature of the real estate business. It has been transformed by a myriad of factors from a business where people skills were paramount and information was the sole property of the REALTOR® into a business in which information is democratized and knowledge creation, as a service to the consumer, drives success. This change has contributed to the already declining profitability of real estate firms. “Profitability,” the fifth publication / real estate report in the Real Estate Confronts series, explored how real estate brokerages could become more profitable by re-margining their businesses. Further discussion also evaluated the importance of incorporating ancillary services into the suite of service offerings of a real estate brokerage, how such selection could be made, and how said service could be implemented.
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