Monday, July 31, 2006

Online commercial real estate convention achieves success

WASHINGTON -- July 31, 2006 -- More than 14,000 commercial real estate professionals nationwide took part in CommercialSource.com, billed by the National Association of Realtors (NAR) as the first-ever online convention tailored for the commercial real estate industry.

Sponsored by the Realtors Commercial Alliance, NAR's commercial arm, the online convention provided attendees with the fundamentals of a traditional trade show. Participants were able to sign up for education and networking opportunities while enjoying the convenience of the Internet.

CommercialSource.com participants networked with one another via message boards, browsed more than 50 virtual trade booths from exhibitors, and accessed speakers online. Attendees tuned in to the speaker presentations more than 18,000 times during the convention, and there were more than 80,000 visits to vendor booths.

“Our online commercial real estate convention was a ringing success and a great example of the kind of innovative and effective benefits that NAR strives to bring to all its members,” says NAR President Thomas M. Stevens. “The commercial real estate arena has been experiencing the positive impact of technology on many fronts, and as the industry continues to embrace technology, commercial real estate professionals are discovering that there are creative alternatives to the old-fashioned way of doing business.”

Convention attendees put their stamp of approval on the event with an 87 percent satisfaction rating, and 90 percent indicated they will recommend the convention to others.

The largest number (36 percent) of attendees came from the Southern region, followed by the West (32 percent), Northeast (16 percent), and Midwest (16 percent).

© 2006 FLORIDA ASSOCIATION OF REALTORS

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