Courtesy of Frederick Peters, President of Warburg Realty
I have spent the last three days at the National Association of Realtors conference in Orlando, Florida. Although I am no fan of Orlando, which seems to me like a place without a place, the conference was, as it always is, a fascinating experience in a number of ways. The amount of new technology on display is dazzling, and not just for real estate professionals. Online document management and e-signature applications will be altering the way business is transacted in the legal community and the venture capital and hedge fund worlds as well as in real estate deals of every stripe. It makes me realize, yet again, what a backwater our ultra sophisticated home town remains for the real estate professional and his clients. The rest of the country has sprinted ahead of us in listings search and client interaction software, while we in Manhattan have remained in a minimally competitive environment which has stifled competition and innovation. At last this is about to change, as the RLS, our local version of an MLS, will launch before year's end, opening our city to the enormous grab bag of applications which have been enjoyed by the rest of the country for years.