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Secretive RE Resists Sharing in Virtual Marketplace

NEW YORK CITY-Jonathan Rudes, president of Delphi Real Estate Advisors LLC and co-chair of the Real Estate Technology Forum, tells GlobeSt.com brokers here are reluctant to jump aboard initiatives that require sharing information.

By Amy Vaughn | Updated on May 29, 2001

NEW YORK CITY-While many companies are developing in-house extranets with protected passwords for their clients to open transaction information access to the parties involved in deals, many companies resist embracing online transaction providers. Jonathan Rudes, president of Delphi Real Estate Advisors LLC and co-chair of the Real Estate Technology Forum, tells GlobeSt.com that his company and many others are online and managing transactions through collaborative software, but are not looking to use outside exchanges.

“We use online tools such as Lotus Notes, groupware, and basic email and have been for 10 years,” Rudes says. “Through the program I’ve written for our purposes, we’ve created transaction management from start to finish. Proposals are sent via email and we even have some clients who won’t read materials unless they’re sent electronically.”

He explains that while everyone has to get online in the industry, this doesn’t necessarily include the use of companies such as Netstuxr/SpaceDIRECT, Vectiv Corp./SRES, Zethus Inc. or any of the other online transaction providers. He says instead, companies such as his are looking for creative technology uses to manage their own transactions.

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