01/12/1998

Information Technology Accelerates StructuralChanges in the Real Estate Agent Industry

Michio Murakoso 

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Introduction

To improve the transparency of transactions and stimulate business, the real estate industry recently introduced the Real Estate Information Network System (REINS), a system for ex-changing residential property listing information among real estate agents. Fiscal 1997 saw important developments in information technology applications in addition to enhancements to REINS, residential listing services were introduced on the Internet for consumers. This paper focuses on the current status and prospects of information technology use in the existing home market.

Michio Murakoso

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