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I suspect this is less about focus and more about conflict with other brokerage houses. Most commercial real estate is owned by an owner-broker who syndicates a
by davemel37 12y ago
I suspect this is less about focus and more about conflict with other brokerage houses. Most commercial real estate is owned by an owner-broker who syndicates a deal and primarily makes a good portion of his money off closing the sale, property management and leasing...
In other words, the people they depend on for the listings probably had no interest in sharing leasing fees with them...but are thrilled to be able to list and even pay a premium listing fee.
Focus is the right buzzword for them to spin this...but my bet is that they shot themselves in the foot when they decided to compete with their users.