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Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management

This research examines the evolving role of real estate brokers in South Africa in the context of advancing technology, specifically focusing on Information Search and Transaction Management services. With the traditional information asymmetry enjoyed by brokers being eroded by technological advance...

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Main Author: Marshall, Justin Garnet
Other Authors: Viruly, François
Format: Thesis
Language:English
English
Published: Department of Construction Economics and Management 2025
Subjects:
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access_status_str Open Access
author Marshall, Justin Garnet
author2 Viruly, François
author_browse Marshall, Justin Garnet
Viruly, François
author_facet Viruly, François
Marshall, Justin Garnet
author_sort Marshall, Justin Garnet
collection Thesis
description This research examines the evolving role of real estate brokers in South Africa in the context of advancing technology, specifically focusing on Information Search and Transaction Management services. With the traditional information asymmetry enjoyed by brokers being eroded by technological advancements, the study explores how these changes affect the perceived value of brokerage services. Employing a quantitative approach, including a literature review and online surveys targeting consumers and brokers, the study aims to understand the impact of technology on real estate brokerage services and identify effective strategies for brokers to remain competitive in a technology-driven market. The findings indicate a significant evolution in brokerage services, particularly in enhancing information search efficacy, owing to technological integration. The study also reveals that specific elements like negotiation skills and property-client matching significantly contribute to service value. Interestingly, areas like conflict resolution still heavily rely on the broker's human skills, suggesting a balanced need for technological and human elements in brokerage services. The research concludes that successful real estate brokers in a technology-driven market are those who effectively blend technology with their unique human capabilities. The study's implications point to the necessity for continual adaptation and technological integration by brokers, while also emphasizing their irreplaceable human elements. Future research directions include exploring effective technologies in various brokerage service aspects and potential advancements in currently underserved areas like transaction conflict resolution.
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id oai:open.uct.ac.za:11427/41052
institution University of Cape Town (South Africa)
language English
eng
last_indexed 2026-06-10T12:33:07.122Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2025
publishDateRange 2025
publishDateSort 2025
publisher Department of Construction Economics and Management
publisherStr Department of Construction Economics and Management
record_format dspace
source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/41052 Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management Marshall, Justin Garnet Viruly, François property studies This research examines the evolving role of real estate brokers in South Africa in the context of advancing technology, specifically focusing on Information Search and Transaction Management services. With the traditional information asymmetry enjoyed by brokers being eroded by technological advancements, the study explores how these changes affect the perceived value of brokerage services. Employing a quantitative approach, including a literature review and online surveys targeting consumers and brokers, the study aims to understand the impact of technology on real estate brokerage services and identify effective strategies for brokers to remain competitive in a technology-driven market. The findings indicate a significant evolution in brokerage services, particularly in enhancing information search efficacy, owing to technological integration. The study also reveals that specific elements like negotiation skills and property-client matching significantly contribute to service value. Interestingly, areas like conflict resolution still heavily rely on the broker's human skills, suggesting a balanced need for technological and human elements in brokerage services. The research concludes that successful real estate brokers in a technology-driven market are those who effectively blend technology with their unique human capabilities. The study's implications point to the necessity for continual adaptation and technological integration by brokers, while also emphasizing their irreplaceable human elements. Future research directions include exploring effective technologies in various brokerage service aspects and potential advancements in currently underserved areas like transaction conflict resolution. 2025-02-28T11:38:33Z 2025-02-28T11:38:33Z 2024 2025-02-28T10:40:34Z Thesis / Dissertation Masters MSc http://hdl.handle.net/11427/41052 en eng application/pdf Department of Construction Economics and Management Faculty of Engineering and the Built Environment University of Cape Town
spellingShingle property studies
Marshall, Justin Garnet
Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management
thesis_degree_str Master's
title Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management
title_full Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management
title_fullStr Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management
title_full_unstemmed Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management
title_short Strategies for real estate brokers to compete in an increasingly technology-driven market: exploring the value of information search and transaction management
title_sort strategies for real estate brokers to compete in an increasingly technology driven market exploring the value of information search and transaction management
topic property studies
url http://hdl.handle.net/11427/41052
work_keys_str_mv AT marshalljustingarnet strategiesforrealestatebrokerstocompeteinanincreasinglytechnologydrivenmarketexploringthevalueofinformationsearchandtransactionmanagement