Connect with us

Hi, what are you looking for?

The American Genius Real EstateThe American Genius Real Estate

Real Estate Corporate

Trulia-Zillow fiasco reveals disjoint, opportunities in real estate agent reviews

When Zillow and Trulia merged agent reviews, it got messy and showed a vulnerability and discord in the industry. But if you look at it objectively, this is a moment of opportunity.

home sales

Remember when there was no MLS? Neither do I, but legends of those real estate dark ages paint a grim picture. Brokerages each held their listings closely, and consumers had to go meet with each of them individually at their offices to try to cobble together a mental picture of the total market.

It was disjointed, full of misinformation, and detrimental to not only the consumers’ needs but also the efficiency of the market.

That’s where we are today with agent reviews

There are no standards, no structured cooperation, and little overlap or sharing. Plenty of companies are building their own review platforms, but they’re almost all proprietary boutiques. The platform builder wants the consumer to use its review tools, but doesn’t want its competitors to have access to those reviews.

Home buyers and sellers are asked by their agents to write reviews for them—on Yelp, Realtor.com, Zillow, (formerly) Trulia, and any agent matching service where the agent would like to appear relevant. Our clients don’t want to jump through these hoops, and they shouldn’t have to. It’s inefficient.

A clumsy attempt to clean up reviews

Zillow is flexing its muscle in the review space because it currently has the best single-location, quick, verified review platform. When it merged Trulia’s reviews into its own platform, it decided that a large portion of Trulia’s reviews had not been verified, and likely could have been gamed by the agents. They were tossed out without notice to the agents.

The act was clumsy, and the backlash from agents who’d lost their reviews was swift. The mea culpa came almost as quickly as Zillow offered to retrieve the purged reviews for any agent who requested them directly. They would not, however, be appearing on the newly merged Zillow/Trulia review platform.

All sites should verify legitimacy of reviews

While the company tripped over its industry relations in the conversion, the strategy of the purge is still a step in the right direction for real estate agent review standards going forward.

Every review platform should be following guidelines that, at a minimum, verify that the client and agent actually worked together. A company that intends to inform the public on the quality of real estate agents’ services should be intently focused on making sure those reviews are real, via mutual admission, property identification, and other means.

Zillow should be praised

Zillow should be commended for pursuing that verification. While real estate listings are gaining nationwide structural standards with RETS, reviews are just beginning the process of setting standards. Just as big of an issue, though, is that portal reviews are just that—single location reviews. Realtor.com reviews can’t be exported or integrated into Zillow’s review platform. Reviews on Homes.com can’t be integrated into the Yelp profile. It’s the same situation on almost every other portal or agent rating website. They don’t speak to each other.

Ironically, the technology companies who built portals to egalitarianize the consumer listing space are now building walled gardens of reviews to bring back the disjoint of the pre-MLS era.

Each proprietary system hopes to force more consumers into its own custom sandbox. They’re funneling buyers and sellers back into the “meet me at my office to see our exclusive listings” mode.

Good for competition, bad for the consumer

While that may be a good business decision in terms of competition, it blunts the progress toward true consumer visibility of broad agent reviews. Buyers and sellers see a small, skewed version of an agent’s reviews on portal websites, with each one portraying a different picture than the last.

Consumers won’t review us on all of the sites necessary, so we get a sprinkling of reviews here, and a dash of reviews there.

All hope is not lost

There is hope, though. As portals up the bar in terms of review verification, companies like RealSatisfied and Quality Service Certification continue to deepen our view of the kinds of quality standards that are possible on a brand-agnostic level. If standardized requirements for legitimate reviews become common practice, we may be able to cross-reference reviews on different platforms.

Each website could combine reviews as a whole, or at least reference the agent’s reviews from multiple platforms, side-by-side. The ability for a consumer to see our reviews on Yelp, Realtor.com, Zillow, RealSatisifed, etc, in one place, would be a huge boon to consumers’ ability to see who’s really keeping their clients happy.

I hope NAR will lead the charge

I’ve written before than NAR should be the driving force to make this allegiance happen. Even if it doesn’t take shape that way, tech companies in the review space should continue to develop products with these standards in mind for the good of consumers as a whole.

Agents may have experienced some hassle with the Trulia review losses, but that’s nothing compared to many more years of asking clients to do us a favor in a disjointed, time-intensive manner.

If we can improve the verification requirements for reviews, and agree to communicate cross-platform with those who adhere to those standards, we’ll be doing a great favor for ourselves and our clients.

#AgentReviews

Written By

Sam DeBord is managing broker of Seattle Homes Group with Coldwell Banker Danforth, and 2016 president-elect of Seattle King Country REALTORS®. You can find his team at SeattleHome.com and BellevueHomes.com.

Advertisement

The Daily Intel
in your inbox

Subscribe and get news and EXCLUSIVE content to your email inbox.

Advertisement

KEEP READING!

Real Estate Corporate

Is Opendoor and Zillow's simple team up worth any of the hype or critique it's getting? Let's examine the partnership.

Real Estate Technology

Is Zillow building a future patent trolling practice? They put in patent applications for online ads & data-based algorithms...WHAT?!

Real Estate Brokerage

(REAL ESTATE NEWS) REX Homes filed an anti-trust lawsuit against NAR and Zillow in 2021. Now, NAR is hitting back with a spicy countersuit....

Real Estate Corporate

(TECHNOLOGY) In yet another broad patent application, Zillow is aiming for ownership of the ability to fill out “transactional documents” electronically.

The American Genius' real estate section is honest, up to the minute real estate industry news crafted for industry practitioners - we cut through the pay-to-play news fluff to bring you what's happening behind closed doors, what's meaningful to your practice, and what to expect in the future. We're your competitive advantage. The American Genius, LLC Copyright © 2005-2022