However, there are few exceptions where an online real estate agent would exist, still dealing via the World Wide Web and often stating a flat fee and not a commission based on the percentage of total sales.
Internet real estate platforms surfaced around 1999 when technology advanced and statistics prove that more than 1 million homes were sold by the owners themselves in the United States alone in 2000.
[3][4] The process of the concept of Internet real estate usually begins with owners listing their homes with its quoted price on online platforms such as Trulia, Yahoo!
If terms and conditions are met between both parties, the buyer would usually negotiate for the best offer if interested and a deposit may be requested by the owner.
Users may list their properties or search for them at their fingertips, reaching out to a greater number of people significantly than traditional methods.
Real estate agents often profit by absorbing a certain percentage of the final sale or rent price as commission.
[7] Internet real estate reduces the cost of an agent and conserves time spent relaying amongst three parties.