With its own mobile app, real estate agency, and a crowdfunding platform, realtors have been using the crowdfunding platform to fund their businesses for decades.
But a new mobile app is making real estate more accessible and democratising the process, says Alex Jones.
He is the founder of Real Estate Institute, which is a crowdfunding organisation.
Jones is the creator of RealTors.org, which offers a platform for anyone to start their own real estate business.
Jones told Al Jazeera that his company is working on making realtoring more accessible for the masses.
“The biggest problem that we have right now is that people are just not aware of how to do it,” he said.
“There’s a lot of people out there that have no idea how to get started.
They’re not using crowdfunding to get their start, and they’re not even looking at the real estate market as a market.”
He says that it is crucial that the realtor community has the knowledge of the different options available to them.
“It’s really hard for people to get a handle on what they can do to help their real estate businesses,” Jones said.
Jones says he is working with local governments to ensure that they are aware of the challenges that realtORS face.
The government of British Columbia, which has over 100,000 real estate professionals, has launched a website where the public can register and learn about real estate options.
“We are really looking to get in touch with the public and give them information on how to access the realty crowdfunding platform and get started,” said a spokesperson for the government.
“Our approach is to make sure that our real estate agents have the information they need to offer their services to the public.”
Real Estate Initiative UK, a nonprofit that promotes the sharing of information about the real property market, has also launched a site.
The website is aimed at educating potential buyers about the different types of real estate offerings and the benefits they can receive, such as discounted taxes, property taxes, mortgage insurance, insurance for homes with mortgages, and insurance for home renovations.
The site also provides information on which real estate agent can offer the best service for the realtor and a guide for prospective buyers.
“A lot of these real estate services have been available for quite some time, but they have been relatively expensive for the average consumer,” said James Rafferty, the organisation’s director of government relations.
“With these new apps, the public will be able to get the realties they need for the right price.”
Real estate brokers have also started to use the platform.
“I think that it will open up the realestate market, which will help with our clients’ decision making, as well as help us with marketing,” said Joe Beddoes, managing director at Sotheby’s International Realty.
“Realtors are an extremely important part of our client base and are a very important source of income for us.”
Beddows also thinks that the platform is likely to have a positive impact on the real Estate Industry in general.
“If you can have people in your home market who are in a position to offer the service that you need, then that will really benefit everybody,” he explained.
“And the other benefit is that it’s more accessible to the general public.”
Jones says that he is hoping that RealTORS.org will help make real estate as affordable as possible.
“That’s what we’re going to work towards.
We are really focusing on the people that are struggling in this market,” he added.
“Ultimately, it’s about the people who are the most vulnerable.”