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REBNY unveils plan for Web listing service.


The process of buying a home in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 will take a giant leap forward early next year when the Real Estate Board of New York (REBNY REBNY Real Estate Board of New York ) launches a new service that will provide the first comprehensive Web-based, user-friendly searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features.  of residential properties in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

REBNY has begun development of a Web portal See portal.  that will incorporate its members' listings and make the as-yet-unnamed service available to the general public free of charge.

The organization's size, scope and nature enable it to bring the collective knowledge and expertise of its more than 300 member brokerages together to create a site that will make home buying easier and save time for buyers, sellers and brokers alike. The site also will provide access to rental properties.

"Those looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 a home in New York city will soon have one tool that enables them to search and browse listings in the most comprehensive database of residential properties on the market," said REBNY President Steven Spinola. "Accurate and current exclusive listings of the most active and professional firms in the city will be available."

Currently, member brokers share their residential listings through the REBNY Listing Service (RLS Restless legs syndrome (RLS)
A disorder in which the patient experiences crawling, aching, or other disagreeable sensations in the calves that can be relieved by movement. RLS is a frequent cause of difficulty falling asleep at night.
). The RLS increases accessibility to the residential marketplace by providing REBNY brokers--representing buyers, sellers and renters--access to exclusive listings within three days of receiving them and helps maximize exposure for properties.

"The technology for the system already is in operation through REBNY's RLS," said Spinola. "Creating an easy-to-use interface for the typically more than 10,000 listings will put the comprehensive data at the public's fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. ." The service will provide New York homebuyers with a useful tool that arms consumers with a wealth of valuable information about prices for comparable homes. Visitors to the portal will be able to specify the characteristics of their ideal home, such as number of bedrooms and bathrooms, location, price and other amenities. The portal would then generate a list of homes meeting the specified criteria and supply broker contacts for each.

Development of the portal has been approved by REBNY's Residential Board of Directors. REBNY residential member firms include, Bellmarc Realty, Brown Harris Stevens, CitiHabitats, the Corcoran Group, Halstead Property, Prudential Douglas Elliman, Stribling & Associates, Warburg Realty Partnership, and 309 additional firms.

"This is a true first for New York's residential real estate market," said Frederick Peters Frederick Peters (April 8, 1851-July 29, 1919) was a lawyer and Prince Edward Island politician. A Liberal, he won election to the House of Assembly in 1890. He was asked to form a government in 1891 after the Conservative government lost its majority in the house.  of Warburg Realty Partnership, who is co-chair of REBNY's Residential Board of Directors. "Not only is this great news for consumers, but it will enable brokers to provide a higher level of service to their selling customers and serve their buying customers in a more efficient and convenient manner."

REBNY expects to have the portal ready for release to the public by the early 2007 home buying season.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Nov 8, 2006
Words:456
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