REA Group is looking to win back unhappy agents with new initiatives

September 29, 2019

REA Group's head is driving initiatives that flips the business model most real estate companies have where the agents give more to these companies than they get

Rightmove could learn a thing or two from its Australian equivalent which has launched a charm offensive to ‘give back’ to its estate agency customers.

The claim has been made by Oz portal operator the REA Group whose Director of Industry Relations Steve Carroll has said it realized recently the game was up when agents in Australia began referring to it as a ‘necessary evil’.

REA and Rightmove were competitors in the UK during the late noughties when the Australian firm briefly but unsuccessfully backed Propertyfinder.co.uk in a bid to take on Rightmove. It was eventually sold to Zoopla.

Carroll, who is the Australian firm’s equivalent to Rightmove’s Miles Shipside, says it had been battling a reputation among agents for being all about ‘take, take, take’.

“We had a bad name in the industry and some agents believed we were going direct to the seller and cutting out the agent, but that was 100% never our intention,” he says in a recorded video interview with Chris Watkins shared with The Negotiator.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Summit 2019

September 29, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick