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Another Zoocasa?

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Real Estate Professional | 19 Jun 2015, 11:30 AM Agree 0
The controversial online site may be a thing of the past, but digital real estate services continue to enter the market, raising agent concerns.
  • Louie Papa | 19 Jun 2015, 12:08 PM Agree 0
    Real Estate agents have embraced technology over the past decade, far greater than any professional in any industry, but long term success will always be about crafting your skills, constant education, hard work and excellent customer service.
  • T. S. | 19 Jun 2015, 12:09 PM Agree 1
    "$50 Million Down The Drain" will be the headline for the article published in two-and-a-half years from now.
  • Commission Wars | 19 Jun 2015, 12:16 PM Agree 0
    Of course the World of trading real estate is changing because consumers are seeing it is not rocket science . And they see it is ridiculous to pay someone 20,000-50,000 to look up comparables on a website that was payed by their inflated fees they charged consumers.

    Condos are walls,windows and a status certificate not one tour guide can promise anything else. Freeholds are selling themselves and tour guides use bogus,sneaky tactis too fool consumers like Phantom Bids!!! What more could u expect when they sell the license of selling like a infomercial and all it takes is 3 months to be TOURING. 60,000 tour guides !!!

    Debbie selling the tour service like consumers are confused. Sure if use false tactics of course consumers maybe fooled...phantom bids, creating bidding wars, monopolizing data...ROCKET SCIENCE

    the ego tour guides are the ones that forced the digital/alternative services because of their GREED...the infomercial tour guides needed to eat and were forced to take whatever they could get..

  • DG | 19 Jun 2015, 12:51 PM Agree 1
    Hey, "Commission Wars" poster? Come and walk a mile in our shoes. Become a Realtor for a year or so. Only then would you be able to make any informed comments and not suppositions about what we do. You obviously have NO idea what you are talking about.
  • Trevor | 19 Jun 2015, 12:59 PM Agree 0
    If Power Corp. can't do it and Rogers can't do it, I don't think we have to worry about Yellow Pages. They can't even do Yellow Pages well.
  • Commission Wars | 19 Jun 2015, 01:06 PM
    Deleted by moderator
  • judy | 19 Jun 2015, 01:09 PM Agree 1
    Commission Wars.....if you have such a low opinion of realtors, perhaps it is time to leave the profession. Surely, you must have to communicate and work with them each and every day, and this business is all about co-operation.
    Also, have you noted the name of this forum? "Real Estate Professional".
  • Peter B. Realtor | 19 Jun 2015, 02:11 PM Agree 0
    There will always be a "zoocasa" in one form or another. Not really an issue as there are many realtors that offer their own "referral" plans as well. So, how does (zoocasa or whatever) differ from a realtor or brokerage that invites referrals? Not by much. If you give (zoocasa or whatever) 25-30% to get a referral or if you send out an invite offering out of area realtors 25-30% for their buyers or sellers within your usual market area, same same.

    As for "commission wars" and those like em, again, no big deal. Just much hot air and anger at the world.

    There are many ways for sellers to cut back on costs and still get full representation. Most sellers just believe what they are fed and they get it from all sides:
    From bull**** commentators, like commission wars, that believe 7 years of legal representation should be exchanged for peanuts and from bull**** agents that somehow feel their service levels are higher at 5% compared to those that drive a smaller car, spend less money pimping their existence and simply pass on some savings to the seller.

    You must realize, as a well trained Realtor, that statistically, 95% of all buyers work co-operative (whether it's within or from an outside broker) so does your 5% really do more than the 4% or 3.75% realtor? No.
    You may pay an extra $50 to print extra glossy property sheets but what kind of idiot buyer is swayed by those anyway?

    This is why we are constantly fighting competition board goofs that seem to think we should all be working for shoe-shine money.

    You want to push opinionated "commentators" like "Commission wars" back into the shadows and make yourself more valuable to sellers while also deflating the FISBO services? Get your brokers to trim your costs and pass on those savings to sellers.

  • TS | 19 Jun 2015, 03:05 PM Agree 1
    So true. That this announcement follows on the heels of the Zoocasa failure is ironic and very telling. Bad timing already, yellwo pages marketing department. Good luck, you will need it.
  • Phantom Offers | 19 Jun 2015, 03:21 PM Agree 0
    Most of these tour guides are hypocrites because when they buy their cable,cars,insurance,bank fees etc they will whine how much they have to pay or over paying.....but their precious monopoly is sacred..anyone with a monopoly is doomed in this digital world ...

    so stop ur whining TOUR GUIDES
  • Lawl | 19 Jun 2015, 04:40 PM Agree 1
    Commission Wars, Phantom Offers, Troll...same dude, same responses, over and over again. The first time it was entertaining. But every piece? Really? It's just getting sad now. Please stop diluting these comment areas with drivel that has nothing to do with the article. I can't help but imagine some poor dude collecting his welfare cheque every month, lying on his paperwork to stay on the system, and trolling the articles of an industry he either couldn't get into or failed at.

    It would be to REP's benefit to simply disable comments and create a forum.
  • RAB | 21 Jun 2015, 05:09 PM Agree 0
    I can't completely disagree with "Commission Wars" - I am a licensed Real Estate Sales Representative (not a member of TREB) but have to agree that the "Hot" Toronto, Vancouver and previously Calgary markets have led to commissions of $25,000-$50,000 plus for a minimum of work. You just need to list a $500,000 tear down property in Toronto and get 10 Offers and an over-list sale just by putting a sign on the lawn. No wonder Sellers want to sell another way to lower commissions in markets like these - when and if the markets change, you will likely see these DIY enterprises disappear.
  • DinasTour Guides | 21 Jun 2015, 06:24 PM Agree 0
    what u are seeing no matter what the market conditions ....the landscape of the tour guide is being challenged by the digital world.
    Tour guides are suckering some consumers to pay high fees so they can hire the lawyers to fight off the Competition Bureau
    Consumers see it is not rocket science, that is why u see 60,000 tour guides signed up like a infomercial for easy money. tour guides talk like they are surgeons and the consumer are seeing u barley need a high school diploma, take a 3 month course , look up comparables and have a taxi...PAY ME!! Tour Guides are becoming a dinasour but they tell you we need them. Maybe for commercial , farm RE they may be worth a few bucks...but for condos and freeholds in the city it is not needed
  • Matt | 22 Jun 2015, 03:23 PM Agree 0
    "Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion."

    Nearly every one of these comment sections has fallen into some childish version of YouTube comments. I used to come on here and discuss serious topics with professionals and come away from a discussion feeling like everyone contributed. No longer the case, and until the comment section becomes moderated, I'm afraid the trolling will continue.

    He obviously has no actual problem with the industry, otherwise he'd contribute something worthwhile, and not sit behind anonymity. He's just trying to jerk people's chains, to which he's managing with some, otherwise he'd move onto some other forum.
  • Poor Little Matty | 22 Jun 2015, 09:32 PM Agree 0
    Matt the professional should start with cleaning up the 60,-000 tour guides that barley need a high school diploma, take a 3 month course and have provided very poor representation..ie PHANTOM OFFERS

    same old defense whining....I think a lot was added for the consumer to digest. what do the tour guides offer that would justify or defend their trade ....same old dinasour the forum has to be my way....the tour guides know that home values went up through shady phantom offers,in -experience agents not any value they have added... I have asked why haven't lawyer fees or any realted industry to RE not gone up too? (triple)
  • 3 Month Coursers Infomercial | 24 Jun 2015, 10:11 AM Agree 0
    I am sure the Tour Guides whine about every other industry IE: Insurance rates,car dealers, cable service etc...But if you challenge their Monopoly OMG stop we invented the wheel and we took a 3 month course, we look up previous sold data that you(consumer ) payed for and we use ur money to fight off the competition bureau thx again!!(FOOLS!!!)

    News Flash!!!! TRADING REAL ESTATE WOULD SURVIVE WITHOUT THE TOUR GUIDES!! Not having Doctors ,Surgeons maybe not!!!
  • Matt | 24 Jun 2015, 01:47 PM Agree 0
    I've already shown my value, I don't need to do it again. Especially for you, lol. You've gotten every statement wrong, you've shown your insecurities, and you've illustrated your "little dog complex". You what, read an article about "phantom offers" and clutched onto that idea now too?
    I'm still trying to figure out why you're trolling these comment sections...the target audience is real estate professionals, not the consumers we service, so who is your "message" directed at? Oh, I see...it's the attention. Look, just schedule another appointment with your doctor, hopefully he can get you a bed this time. I know the waiting list at the adult mental health units are long, but you'll get in eventually, you just have to keep trying.
  • Is Phantom Rigging part of the 3 month Course? | 25 Jun 2015, 09:12 AM Agree 0
    Dr. Philly Matty,
    Come on matty you would scream ur value if there real was any!!? You look up comparables on ur Monopolized data(competition Bureau is challenging the tour guides), you took a 3 month course(barley need a high school diploma to qualify for), freeholds are selling themselves with eco 101 supply /demand( using Phantom offers to inflate their values ...do u take phantom rigging in ur 3 month course?) . Condos are walls,windows and a statues certificate(tour guides can't promise anything else). Please tell the forum ur Magic again so I can see HOW WRONG I AM!! Even other agents agreed with me in this forum on many points..
    Please tell us without the tour guides all real estate trading would fail ...this is where the ego that you talk like ur SURGEONS!!! I could see if surgeons, specialist of medicine said we are quitting ..Panic!!! If the tour guides said we are quitting ..OK!!! See ya!! At least there are some smart TOUR GUIDES who see charging $1,000-$2,000 to list or sell u a house is the future ..If u can sucker ur clients into paying top dollar being a TOUR GUIDE all the power to u MAtty.



    The days of the Ego Tour Guide are counting down.
  • Matt | 25 Jun 2015, 09:41 AM Agree 0
    *sigh*

    ok, last comment from me on this thread. You can reply if you want, but it won't matter, I don't plan on wasting my time with it.

    Obviously you only follow the conversations (if that's what you can call your trolling) selectively, because I did articulate a portion of my value proposition. Not even all of it, and there were several comments that followed that mentioned similar business practices, and they all agreed that the value was present.

    So you see...I DID answer your question. The only question you've actually posed. The rest of what you write is bs drivel meant to rile people up, while you pretend to be a SJW (not even a very good one, or with clear purpose). YOU, however, haven't answered ANY of the questions posed back at you. Why is that, I wonder? It doesn't take a "Dr. Phil" to see through the pretence.

    I'm going to grab a coffee. Then I'm meeting with real people to talk with (clients), and I'm probably going to forget most of what the fabricated troll (you) has said. Over and over and over again. (doesn't that get boring after a while? seriously?). Anyways, all the best of luck to you in the future.
  • Doc | 26 Jun 2015, 08:33 PM Agree 0
    He's back!!!!!!!!!!

    Lol @ "Suckers, 3 month coursers, Tour Guides, 1000 Transactions, Commission Wars"... etc etc etc and yada yada yada!

    Folks! This is the same TROLL you find in all the articles here! Don't bother! It's not worth your time!

    As always, the TROLL will resort to saying that I have nothing better to do with my time then to write this (2-3 minute) response after reading this article.

    He/she is angry at the world for being in the same situation day after day! He/she has a degree in Conflict Engineering and Envy! He/she will make fun of the same education that he/she clearly failed to complete (as noted in previous comments!). I guarantee you he/she has friends/family in the real estate business, and it eats at their soul every day!

    Hey TROLL you'll use judgements, making-fun-of (or at least trying to!...lol), and extreme examples to judge people you know nothing of! And, yet after all of these comments, it's the same ole wine and cheese song! You haven't even changed your tune to make it a little more exciting!

    Like usual. I realize you've started your day by checking these responses (such as mine!) and with a grin and shaking of your hands due to your anger issues and excitement to reply, you will prepare the same repetitive insecure comments!

    My apologies though! I won't be taking the time to read your well thought-out and meticulous comeback!

    1... 2... 3... Let it begin!


    Ciao!
  • CP Thunder Bay | 29 Jun 2015, 08:46 AM Agree 0
    yellow pages, zoocasa and the likes are doomed because they are not really offering any kind of different service that's not already out there in the digital world. They are scraping data that realtors have compiled repackaging it on their fancy websites and then trying to sell realtors the leads they have generated from our data. Bearing in mind, not everyone works in a market like Toronto you have to look at the basic economics of that proposed arrangement. If a typical realtor is at the top end of their year zoocasa would want 35% of the gross commission and what was left from that the brokerage would take 30% off the remainder then our old friends at revenue Canada would comfortably take at least 25% off of what's left, then from there your agents account needs to be paid which would entail such items as your board fees, subscriptions, advertising expenses etc not to mention factoring in your out of pocket expenses such as gas, car repair, insurance, etc and when you look at what's left for the person who actually did the work not to mention being the person who accepts a huge portion of liability should something go wrong, its just not worth paying for it. So whenever I got those calls from the zoocasa people wanting to sell me a monthly subscription for poorly qualified leads my standard answer was thanks but no thanks. I'd love to be the fly on the wall as the corporate honchos sit around and discuss how they're going to cash in on the huge commissions Without getting out of their chairs to actually do the work they simply failed to factor in that they still have to rely on realtors to do their work. The perceived stranglehold that realtors have a monopoly stems from the fact that our government legislated that you must have a license to trade real estate. The exceptions being that you are at liberty to sell your own house hence the prolification of for sale by owner websites and the other exception is lawyers who are allowed to trade real estate. Why is it that we don't see lawyers out in the trenches working evening, weekends, ready to answer all calls quickly on the off chance you might be able to put a deal together? Until the zoocasa's of the world can figure out how to motivate realtors to accept liability, work endless hours and do it all for less than what they hand over to zoocasa they are doomed to fail.
  • Dinasours | 30 Jun 2015, 11:36 AM Agree 0
    The wisdom of the world has spoken competition is doomed!!!! Monopolies are the only way !!! Why be fair when greed makes more money. The digital age is doomed too and we will stay in the hands of the Dinasours to trade real estate...
  • Commission Wars | 30 Jun 2015, 12:49 PM Agree 0
    Of course the World of trading real estate is changing because consumers are seeing it is not rocket science . And they see it is ridiculous to pay someone 20,000-50,000 to look up comparables on a website that was payed by their inflated fees they charged consumers.

    Condos are walls,windows and a status certificate not one tour guide can promise anything else. Freeholds are selling themselves and tour guides use bogus,sneaky tactis too fool consumers like Phantom Bids!!! What more could u expect when they sell the license of selling like a infomercial and all it takes is 3 months to be TOURING. 60,000 tour guides !!!

    Debbie selling the tour service like consumers are confused. Sure if use false tactics of course consumers maybe fooled...phantom bids, creating bidding wars, monopolizing data...ROCKET SCIENCE

    the ego tour guides are the ones that forced the digital/alternative services because of their GREED...the infomercial tour guides needed to eat and were forced to take whatever they could get..
  • Dinasours | 30 Jun 2015, 12:50 PM Agree 0
    The wisdom of the world has spoken competition is doomed!!!! Monopolies are the only way !!! Why be fair when greed makes more money. The digital age is doomed too and we will stay in the hands of the Dinasours to trade real estate...
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