Internet site created and operated by a real estate broker to attract potential home buyers. The site usually allows users to search current listings on the multiple listing service and contact an agent through the Internet. The broker may or may not have a physical office in addition to the website.


Example: Van decided to go high-tech when he formed his real estate brokerage company. Instead of setting up an office like most brokers, he created a website providing users access to the multiple listing service. When someone responded with interest in one of the listings found on his virtual office website, he would refer that person to another broker and collect a piece of the commission for the referral.

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Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.

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