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	<title>Comments on: NeighborCity Serves Up Recommended Agents</title>
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	<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents</link>
	<description>Internet, Web 2.0 and Real Estate Marketing</description>
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		<title>By: Jonathan Cardella</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30550</link>
		<dc:creator>Jonathan Cardella</dc:creator>
		<pubDate>Mon, 16 Nov 2009 18:51:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30550</guid>
		<description>@ Geordie - Thanks again for your comments.  Our data is derived largely from local MLS data which we find to be the most reliable source of metrics pertaining to real estate agent performance.

@Michael - Yes, if two buyers are simultaneously searching for the exact same type of home, price range and location, they are going to receive the same results. Of course, the agent rankings are updated daily, taking new transaction info into account.  Since we use objective, empirical data, we return the most experienced real estate agent for each request. We do not rely on subjective user reviews and ratings to match agents and customers on other criteria other than deal flow and results on a hyperlocal basis.</description>
		<content:encoded><![CDATA[<p>@ Geordie &#8211; Thanks again for your comments.  Our data is derived largely from local MLS data which we find to be the most reliable source of metrics pertaining to real estate agent performance.</p>
<p>@Michael &#8211; Yes, if two buyers are simultaneously searching for the exact same type of home, price range and location, they are going to receive the same results. Of course, the agent rankings are updated daily, taking new transaction info into account.  Since we use objective, empirical data, we return the most experienced real estate agent for each request. We do not rely on subjective user reviews and ratings to match agents and customers on other criteria other than deal flow and results on a hyperlocal basis.</p>
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		<title>By: Overland Park Homes for Sale</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30546</link>
		<dc:creator>Overland Park Homes for Sale</dc:creator>
		<pubDate>Mon, 16 Nov 2009 16:36:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30546</guid>
		<description>I agree with you Joel, the why would be nice to know. The top match that was returned for a search inquiry I did for the city I specialize in returned an agent I know who specializes in representing builders in 1 new home subdivision(in a city with a population of over 165,000 people). In the past year this agent only was on the buying side 5 times and all of those transactions were in this agents own new subdivision. I am not taking anything away from that agent, they just specialize in working with builders in a one specific new home subdivision, is that really the best match you found in the entire city to meet my needs as a buyer?</description>
		<content:encoded><![CDATA[<p>I agree with you Joel, the why would be nice to know. The top match that was returned for a search inquiry I did for the city I specialize in returned an agent I know who specializes in representing builders in 1 new home subdivision(in a city with a population of over 165,000 people). In the past year this agent only was on the buying side 5 times and all of those transactions were in this agents own new subdivision. I am not taking anything away from that agent, they just specialize in working with builders in a one specific new home subdivision, is that really the best match you found in the entire city to meet my needs as a buyer?</p>
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		<title>By: houses for sale tn</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30543</link>
		<dc:creator>houses for sale tn</dc:creator>
		<pubDate>Mon, 16 Nov 2009 09:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30543</guid>
		<description>The transparency should be dealt properly to avoid misunderstanding among agent&#039;s operation. Direct handling of the business operation is a good way to monitor this,an on-hand handling.</description>
		<content:encoded><![CDATA[<p>The transparency should be dealt properly to avoid misunderstanding among agent&#8217;s operation. Direct handling of the business operation is a good way to monitor this,an on-hand handling.</p>
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		<title>By: Michael Erdman</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30534</link>
		<dc:creator>Michael Erdman</dc:creator>
		<pubDate>Sun, 15 Nov 2009 23:09:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30534</guid>
		<description>Thanks for the thoughtful post, Joel.  

If I understand correctly, this site takes a buyer’s property search inputs, plugs them into an algorithm (all of which are inherently biased – this one apparently favors top producers, among other things), then ranks and recommends the “best” or “most qualified” agents for the buyer.  As you observed, it’s presently unclear what weight the algorithm gives to what variables.
  
Doesn’t this mean that EVERY buyer who runs a search for a $600K 3bed/2bath home in San Jose is going to receive the exact same agent rankings/recommendations?  How can an agent be the best/most qualified for ALL buyers?  Don’t buyers have different needs/preferences?     

As a (savvy?) consumer, I’d prefer to have direct access to relevant and meaningful information about local agents that I can evaluate and weigh for myself, based upon my own particular circumstances.  In this information age, why should I be satisfied with a cookie-cutter approach to finding the best agent for me?

Michael Erdman
President &amp; Founder
AgentsCompared.com</description>
		<content:encoded><![CDATA[<p>Thanks for the thoughtful post, Joel.  </p>
<p>If I understand correctly, this site takes a buyer’s property search inputs, plugs them into an algorithm (all of which are inherently biased – this one apparently favors top producers, among other things), then ranks and recommends the “best” or “most qualified” agents for the buyer.  As you observed, it’s presently unclear what weight the algorithm gives to what variables.</p>
<p>Doesn’t this mean that EVERY buyer who runs a search for a $600K 3bed/2bath home in San Jose is going to receive the exact same agent rankings/recommendations?  How can an agent be the best/most qualified for ALL buyers?  Don’t buyers have different needs/preferences?     </p>
<p>As a (savvy?) consumer, I’d prefer to have direct access to relevant and meaningful information about local agents that I can evaluate and weigh for myself, based upon my own particular circumstances.  In this information age, why should I be satisfied with a cookie-cutter approach to finding the best agent for me?</p>
<p>Michael Erdman<br />
President &#038; Founder<br />
AgentsCompared.com</p>
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		<title>By: Geordie Romer</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30490</link>
		<dc:creator>Geordie Romer</dc:creator>
		<pubDate>Fri, 13 Nov 2009 04:43:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30490</guid>
		<description>&quot;we’re bringing transparency to the industry by enabling customers to locate the most qualified local real estate agents for their request, based on past performance and empirical data.&quot;

I would get in trouble if I posted past performance and empirical data on other agents.

Perhaps you would like to share with us, what kind of data you are using?


I don&#039;t want to make a big deal of this, but the lack of data that you, Zillow, Trulia have for small markets is embarassing. 

Sometimes as a professional I just have to tell my clients &quot;I don&#039;t know.&quot; I wish you would too.</description>
		<content:encoded><![CDATA[<p>&#8220;we’re bringing transparency to the industry by enabling customers to locate the most qualified local real estate agents for their request, based on past performance and empirical data.&#8221;</p>
<p>I would get in trouble if I posted past performance and empirical data on other agents.</p>
<p>Perhaps you would like to share with us, what kind of data you are using?</p>
<p>I don&#8217;t want to make a big deal of this, but the lack of data that you, Zillow, Trulia have for small markets is embarassing. </p>
<p>Sometimes as a professional I just have to tell my clients &#8220;I don&#8217;t know.&#8221; I wish you would too.</p>
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		<title>By: Josh</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30480</link>
		<dc:creator>Josh</dc:creator>
		<pubDate>Thu, 12 Nov 2009 19:41:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30480</guid>
		<description>Geordie, 
No question that Leavenworth needs a niche real estate site! I mean...you are the town that decided to become the Bavarian-themed in the 60&#039;s. I am not really sure that niche sites exist yet and based on the CEO&#039;s reply, there seems to be data issues with the transaction tracking people. With only a brief run at the site, don&#039;t they match with an agent based on data not who pays them? In the end, at least they seem neutral. Either way, cool interface and much better than the other guys at a first glance.</description>
		<content:encoded><![CDATA[<p>Geordie,<br />
No question that Leavenworth needs a niche real estate site! I mean&#8230;you are the town that decided to become the Bavarian-themed in the 60&#8217;s. I am not really sure that niche sites exist yet and based on the CEO&#8217;s reply, there seems to be data issues with the transaction tracking people. With only a brief run at the site, don&#8217;t they match with an agent based on data not who pays them? In the end, at least they seem neutral. Either way, cool interface and much better than the other guys at a first glance.</p>
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		<title>By: Jonathan Cardella</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30477</link>
		<dc:creator>Jonathan Cardella</dc:creator>
		<pubDate>Thu, 12 Nov 2009 19:17:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30477</guid>
		<description>@Joel - Thanks for your review of NeighborCity and for pointing out how we&#039;re bringing transparency to the industry by enabling customers to locate the most qualified local real estate agents for their request, based on past performance and empirical data.

We are actively working to show customers how we derive our results by providing a more robust review of each agent, how we score transaction, and ultimately why they will get a better result by working with this agent over the average agent in the market. We are on track for a new release by next quarter with these features.

@Geordie - I appreciate your comments but want to clarify them.  NeighorCity does have access to the NWMLS but not NCWAR, which would potentially improve results when seeking &lt;a href=&quot;http://www.neighborcity.com/WA/Leavenworth/&quot; rel=&quot;nofollow&quot;&gt;Leavenworth, WA real estate agents&lt;/a&gt;. With that said, the agents returned on that page are local Leavenworth real estate pros, such as &lt;a href=&quot;http://www.neighborcity.com/WA/agent-profile/367647-William-Lindstrom/&quot; rel=&quot;nofollow&quot;&gt;William Lindstrom&lt;/a&gt; who is ranked #1 and handles Leavenworth properties almost exclusively, or Kelsey Arness, both of Lake Wenatchee Realty in Leavenworth, WA. 
I couldn&#039;t agree more that buyers and sellers must use local pros if they want to see results, that&#039;s why we invented Agent Match®. Agent Match® scores agents based on their expertise relative to the subject property using location and property criteria. This gives the customer an edge in their transaction and typically much better results.

Jonathan Cardella
CEO/Founder, NeighborCity</description>
		<content:encoded><![CDATA[<p>@Joel &#8211; Thanks for your review of NeighborCity and for pointing out how we&#8217;re bringing transparency to the industry by enabling customers to locate the most qualified local real estate agents for their request, based on past performance and empirical data.</p>
<p>We are actively working to show customers how we derive our results by providing a more robust review of each agent, how we score transaction, and ultimately why they will get a better result by working with this agent over the average agent in the market. We are on track for a new release by next quarter with these features.</p>
<p>@Geordie &#8211; I appreciate your comments but want to clarify them.  NeighorCity does have access to the NWMLS but not NCWAR, which would potentially improve results when seeking <a href="http://www.neighborcity.com/WA/Leavenworth/" rel="nofollow">Leavenworth, WA real estate agents</a>. With that said, the agents returned on that page are local Leavenworth real estate pros, such as <a href="http://www.neighborcity.com/WA/agent-profile/367647-William-Lindstrom/" rel="nofollow">William Lindstrom</a> who is ranked #1 and handles Leavenworth properties almost exclusively, or Kelsey Arness, both of Lake Wenatchee Realty in Leavenworth, WA.<br />
I couldn&#8217;t agree more that buyers and sellers must use local pros if they want to see results, that&#8217;s why we invented Agent Match®. Agent Match® scores agents based on their expertise relative to the subject property using location and property criteria. This gives the customer an edge in their transaction and typically much better results.</p>
<p>Jonathan Cardella<br />
CEO/Founder, NeighborCity</p>
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		<title>By: Geordie Romer &#124; Leavenworth WA</title>
		<link>http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents/comment-page-1/#comment-30475</link>
		<dc:creator>Geordie Romer &#124; Leavenworth WA</dc:creator>
		<pubDate>Thu, 12 Nov 2009 17:52:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.futureofrealestatemarketing.com/neighborcity-serves-up-recommended-agents#comment-30475</guid>
		<description>It looks like a sharp website, but results were weak for my area. Basically it only showed agents who were members of a neighboring MLS since they don&#039;t have access to our MLS data. The worst local agent is probably a better choice than their selection. This reminds me of the out of area agents on Zillow listed as &quot;Local experts&quot; who couldn&#039;t tell me the county Leavenworth is located in, much less the schools, the mayor, etc, etc.

This is why I mostly amused by the RPR discussion. It may have a big impact in the big cities, but no one seems to have our data and listings figured out in small town America. Zillow, Trulia, Cyberhomes, Altos .... their data is always wrong, incomplete, and misleading for my neck of the woods.

I think the future is less about these global supersites, but more about the niche hyperlocal sites that can provide excellent info that is very specific and detailed.</description>
		<content:encoded><![CDATA[<p>It looks like a sharp website, but results were weak for my area. Basically it only showed agents who were members of a neighboring MLS since they don&#8217;t have access to our MLS data. The worst local agent is probably a better choice than their selection. This reminds me of the out of area agents on Zillow listed as &#8220;Local experts&#8221; who couldn&#8217;t tell me the county Leavenworth is located in, much less the schools, the mayor, etc, etc.</p>
<p>This is why I mostly amused by the RPR discussion. It may have a big impact in the big cities, but no one seems to have our data and listings figured out in small town America. Zillow, Trulia, Cyberhomes, Altos &#8230;. their data is always wrong, incomplete, and misleading for my neck of the woods.</p>
<p>I think the future is less about these global supersites, but more about the niche hyperlocal sites that can provide excellent info that is very specific and detailed.</p>
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