I'd love them to disrupt the REA industry, mod ob used house...

I'd love them to disrupt the REA industry, mod ob used house salesmen who think they are important

Problem is they are successful in whipping up the bidding frenzy that is required to get that extra $10, $20,000, which offsets the nonsensical cost of their fees, or the saving through doing it this way

I like this way, but hasn't Neil Jenman been doing it this way for years? And if it was going to capture the public's imagination it would already have

I think the easiest solution is to do Reverse Auctions. That flushes out the max price people are prepared to pay. The vendor starts at the top, and comes down in $5k lots. The first to bid wins, provided it is above the reserve. I have no idea why people don't do that.

I have no idea how REA.com is valued at over $6billion dollars. (anyone have an idea what multiple it is on?)