I had an egg sandwich this weekend with an oncologist who asked for a meeting so he could roll out a dozen ways to revolutionize the real estate industry. Just as the conversation was drifting toward other topics, including my love for beagles and their role in his medical experiments, he made one final proposal: web-controlled lockboxes for self-service home tours.

A traditional lockbox is how real estate agents access properties for sale, entering a code issued by the Multiple Listing Service. This lockbox is the main problem with an online business model, as it is expensive for us to hire field agents who can open the lockbox just to show the property, and we would rather have those folks focusing on what Redfin agents do best…..

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That’s right folks… if you haven’t noticed the large elephant in the room, perhaps you should check out their interesting business model

My thoughts:  As crazy of an idea as this sounds, if enough saftey measures were put into place, I could see this catching on in some capacity. Things such as EBay & PayPal style bank verification/linking software, biometric, credit card deposits, etc. etc. could be argued are more stringent than GA licensing standards and thus the Supra Lockbox rules and requirements.