CARETS partners with NAR to offer competition to Loopnet

LoopNet™ has 4 Million members and they are the dominate player in offering MLS like services to the commercial real estate industry.  Their business model is different.  Commercial Sales agents and consumers all pay for subscriptions.  Some would say that LoopNet is highly successful, others would say that they are holding the commercial real estate industry hostage. As we have seen in the past, the National Association of REALTORS® has done plenty to intercept these types of trade concerns in real estate.  Perhaps the best example is the formation of Sentrilock™ as a competitor to GE Supra’s lock box domination. [...]