Hi everyone, welcome to datasagar. Many of you might have been confused about what category of E-commerce online real estate companies belong to. Here, I’ll try to decipher it for you.
Depending on the type of real estate transaction and the parties involved, the real estate sector can be classified as either a B2B (business-to-business) or a B2C (business-to-consumer) enterprise.
A real estate agent or broker deals directly with a consumer to purchase, sell, or rent a property in a B2C transaction. The real estate agent offers services like finding properties, listing them, scheduling showings, negotiating offers, and finalizing the sale or lease. This transaction is a B2C relationship because it involves a real estate agent or broker and a single consumer.
Real estate services are offered to other businesses or organizations in a B2B transaction as opposed to to private individuals. For instance, a commercial tenant and a real estate developer might collaborate to lease office space for the tenant’s enterprise. As the transaction in this instance is between the commercial tenant and the real estate developer, it is a B2B relationship.
When a company employs a real estate agent to represent them in the sale or lease of commercial real estate that they own, that is another instance of B2B real estate. Instead of serving a single consumer, the real estate salesperson would be serving the company.
Means, based on the parties involved in the transaction, the real estate business can be classified as either B2B or B2C. Real estate is a flexible and dynamic profession since real estate agents and brokers can offer services to both individual customers and other businesses and organizations.