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February 01, 2005
What happens when Craigslist charges?
In response to rumors that Craigslist will start charging rental brokers for each listing, real estate blogger Property Grunt weighs in with a fascinating look at why rental brokers both respect and loathe Craigslist.
"What does the future bring for craigslist and rental brokers? Whatever the outcome, Craig is going to be sitting on the catbird seat because his site gets a ton of traffic and eBay already owns a percentage of the site... For rental brokers its a completely different story. The Grunt has already heard rumblings from the grapevine that certain rental brokerages have no desire to play by Newmarks rules and will be forbidding agents to use craigslist. Agents who primarily use craigslist for their business will feel the pinch and will have no other option other than to use whatever internet ad space is available to them or buying ads in the New York Times."
(Hat tip: Curbed)
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