REALonomics® is dedicated to the open exploration of the best business models that can be used by the real estate industry, company owners, agents and core service providers in their Quest for Model Perfect. In this sense, REALonomics® is a part of the discipline of economics within the real estate industry. REALonomics analyzes, critiques, polls, editorializes and conducts interviews that are posted to this blog as a service to the real estate industry.
The Mission of REALonomics®
REALonomics® is focused upon analysis of the factors impacting real estate business models from a number of perspectives in order to identify the most effective and profitable ways to conduct business in an ever-changing and challenging real estate climate.
In addition, REALonomics® provides insight, provoke thinking and formulate economic ideas that can be delivered to practitioners within the real estate industry so that they may manage the fundamental changes being thrust upon them at ever-increasing speed.
The Premises for REALonomics®
There are some fundamental premises behind REALonomics® that form the basis for its existence and purpose within the real estate industry. Among the more important of the premises are:
- The RE industry is evolving toward a new economic models;
- The consumer is manning the command and control center;
- The industry has new, non-traditional entities coming into play;
- The markets are a new form of asset management;
- The battle for consumer loyalty is shaping RE models;
- The broker-centric and agent-centric eras are in decline;
- The consumer-centric era orders the business model regimen
- The RE industry is under threat from agencies that will reshape it
These premises form the core modus for REALonomics® and they can be expanded in hundreds of ways all of which impact how real estate industry companies model their businesses.
REALonomics.net is a repository for blogs that often critique and create new formulas for business models that can be implemented in what it calls the New Real Estate Economy. The objective of the content of the blogs is the creation of thought that will enable real estate industry firms to compete more effectively in the Consumer-Centric Era, the Third Economic Wave or the Real Estate industry.
Participation in REALonomics®
Participation in REALonomics® is open to those people in the industry that would like to:
- Become an Author; one who posts original blogs;
- Comment on the posts of others, offering insight;
- Advertise within the REALonomics.net blog;
- Suggest an industry topic for inclusion;
Author posts, commenting, advertising and topic suggestion are the most relevant ways you can be involved with REALonomics®. Please post comments, make suggestions, ask for advice, participate as a real estate company owner, agent, core service provider or consumer.
The Operation of REALonomics®
The Founder of REALonomics® is Donald Teel, a real estate industry veteran whose experience spans nearly 25 years as both an agent and an owner. He is also the Founder of e-Partner, a national network of community-based websites representing every city in the United States and of CityBlogUSA a national consumer-centric, resident-driven blog network allowing people to blog about their favorite cities or home town.
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