NAR, Homestore Enter e-Transaction Race
May 1, 2000
NAR and Homestore.com have announced plans to develop a system that enables all parties to a transaction--principals, salespeople, service providers--to process and track their deal electronically from start to finish.
“Given that real estate is the largest industry in the United States, the REALTORS® Electronic Transaction Platform could be the mother of all business-to-business exchange networks,” says Stuart Wolff, CEO of Homestore.com, the company that operates REALTOR.COM, NAR’s official Internet site.
A number of other efforts are under way to launch a real estate transaction platform, including one headed by Microsoft’s HomeAdvisor, a competitor of REALTOR.COM.
Wolff and NAR President Dennis R. Cronk announced the initiative in mid-March.
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Updated: September 30, 2022