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Martin Williams
Martin Williams
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Martin Williams
I agree with Mr S. Saunders above ( whose parents couldn't decide which way to spell Stewart/Stuart ?) Irony is the agents have the power but not the collective balls....they must act together and quickly and create their own portal, It's not rocket surgery ! the public will follow the properties... thing is agents must look ahead, RM is not about to stand still and let their position/ market value decline ... Mr DelPrete is correct that RM has a "network effect" and it's the place vendors want to be seen and that is exactly the future opportunity for RM. The future is easy to predict, it will be quicker, easier, cheaper and different to what we know now. If you take a look at Block-Chain technology, digitalisation progress at the land registry and digital contracts it shows that the way we buy and sell property is changing fast. Thanks to the agents RM are now big enough, rich enough and powerful enough to re-position their business model and cut out the middle man ! RM are already the biggest estate agent in the country they just get us to do all the donkey work ! The agents are both their biggest asset and their Achilles heel so if i was on the board i would want a plan B. so that if agents do grow some the business moves forward..... Such as.... Ditch the agents and go direct to the public, Buy someone (Purple Bricks) to develop a route and buy (My Home Move) to take control of conveyancing. Remember in the future property sales won't take months, it could be days once a completed chain is in place. Base your thoughts and plans on not what you know now but on the digital future. P.S. perhaps they own Purple Bricks already !

From: Martin Williams 05 March 2020 12:03 PM

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