Online Transactions Not Quite There Yet, Brokers Say

ORLANDO-Doing online real estate deals still sounds futuristic to at least two senior area brokers who like the idea but say more broker familiarity and confidence with the tool is needed before multimillion-dollar transactions begin closing regularly on the Web.

“We are not completing transactions online yet,” Robert W. Miller, senior vice president, CB Richard Ellis Inc., Orlando, tells GlobeSt.com. “However, we do a lot of our marketing via the Internet and via e-mail.”

Miller, who has closed numerous mega deals in person during his 20-year career, says he thinks “it will be awhile before transactions are completely done on line, although with e-mail and the Internet, information can be sent and deals done faster.”