Broker Public Portal's cheap and efficient worth in the industry

January 5, 2019
Share this Post: 

Northwest Multiple Listing Service's leaders were supportive of a consumer-facing portal like Broker Public Portal (BPP) when it first launched. The idea that brokers should have more of an impact on the industry was a welcomed proposition. At that time, two huge brands in the Northwest MLS (NWMLS) were Windermere and John L. Scott. These two heavy hitters, together, formed BPP, along with help by the NWMLS.

The BPP was seen as an opportunity to help preserve—and even raise—the stature and reputation of brokerage firms with consumers. But the challenge for the MLS, which is broker-owned, was to overcome the resistance our owners have to anything coming between them and their consumers.

Broker Public Portal, fortunately, did the opposite. The BPP was created by the industry, for the industry, to deliver consumers directly to the brokerages’ agents and teams.

How did we convince the NWMLS Board that BPP was the right call?

A Fortuitous, Pivotal Event

When the Board was considering the BPP, there was a meeting of the American Society of Association Executives. One panel featured Country Music Association leaders. They discussed how they managed a dramatic decline in their revenue as consumers went from CDs to streaming, and disruptors like Napster gave away their product for free.

The impact of this transition on the music industry was astonishing. Imagine an industry that today generates one two-hundredths of the revenue that it generated 20 years ago.

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference 2019, March 19-21

January 5, 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

Costar Group
Exclusive Interview: CoStar Boss Andy Florance Says Group Exploring Major European Acquisitions

CoStar CEO Andy Florance has revealed his intention to make a serious expansion into Europe—and hasn't limited his ambitions to...

Read More
Adevinta Boardroom
Adevinta Committee to Analyse Takeover Bid

Adevinta's board has established a special committee of five independent directors to analyse a takeover bid it received in September....

Read More
Shutterstock 122234188
Bangladeshi Portal Bproperty Partners with Moving Specialist LaLaMove

The Bangladesh-based real estate vertical Bproperty has announced a partnership with the moving specialist LaLaMove. The partnership will see Bproperty’s...

Read More
Casavo Layoffs
Struggling Casavo Abandons iBuying, Focuses on Mortgage Brokerage

The European iBuying startup Casavo has "parked" its iBuying-focused model and instead pivoted to mortgage intermediation amid difficult market conditions....

Read More

Editor's Pick