Start-Up Real Estate Firm: GMAC

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Looking for Jobs by Crawling the Web

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Published in U.S. 1 Newspaper on February 2, 2000. All rights

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Start-Up Real Estate Firm: GMAC

A brand-new real estate firm is bucking the trend

toward

consolidation. But the name — GMAC Real Estate — reflects

its ace in the hole: It is associated with a global firm, General

Motors, and its various financial entities, including GMAC Mortgage.

The other name behind this company — Richard Schlott, founder

of Schlott Realtors — has a familiar ring in New Jersey.

Gloria Hutchinson left the Princeton Junction office of Coldwell

Banker

to be regional manager of the first real estate offices opened under

the GMAC name. She and Ed Bershad, manager of the Princeton Junction

office, moved into their new quarters on Princeton-Hightstown Road

on January 31.

In this time of consolidation, for anyone to set up a new national

firm is very unusual, says Carl DeMusz, former president of the

multiple

listing service that serves New Jersey. (His Cherry Hill-based

organization

merged with a Philadelphia firm on January 1 and he is now vice

president

of sales at Trend.) “GMAC is the first real estate company that

I’ve seen in which the name of the real estate firm follows the

mortgage

lender’s name,” says DeMusz. “Usually it is the other way

round.”

“We’re starting out with at least 15 agents and will work up to

at least 30,” says Hutchinson. But GMAC has also purchased the

Better Homes & Gardens franchise, which has 1,450 national offices.

Hutchinson cites the obvious advantages of working with a large

company

plus the financial backing of General Motors.

Married to a retired IRS agent, Hutchinson has five children and one

grandchild. Hutchinson will learn about her new firm by attending

company training in Des Moines, Iowa. She had been a nurse at

Princeton

Medical Center before going into real estate some 13 years ago.

At that time she was working for Richard Schlott at Schlott Realtors,

a large regional office at a time when regional companies were few

and far between. Schlott was one of the first of the east coast

acquisitions

for Coldwell Banker, then based in California and owned by Sears.

Richard Schlott, briefly the president of Coldwell Banker Corp., was

said to be looking for investment opportunities. Meanwhile, Cendant

bought Coldwell Banker, and Cendant now owns ERA and Century 21.

Schlott’s

current headquarters for GMAC is in Liberty Corner (908-542-5500).

“I know it is going to be an innovative company, customer service

oriented — which a lot of companies have gotten away from —

and that will bring us a lot of business. We have all of the services

under one roof,” says Hutchinson, who was the top producer in

the county for her former organization. “We are trying to be real

high tech. In our new office, for instance, we have a home search

department, so a customer can conduct a search for new homes with

no obligation. Our office is totally computerized.”

GMAC Real Estate, 54 Princeton-Hightstown Road,Princeton Junction, 08550. Gloria Hutchinson, regional manager.609-750-2020; fax, 609-720-0894.Http://www.gmacrealestate.com.Top Of PageLooking for Jobs by Crawling the WebWeb Services Inc., which has a bricks and mortar addressof 55 Princeton-Hightstown Road, has expanded its job posting serviceto make it available to the general public. For a limited time,companiescan post jobs for free onhttps://www.Help-Wanted.Net.Founded by brothers Bill and Harrison Uhl the company developsdatabase-driven,high-end interactive sites (https://www.web-services.netor 609-275-5000).Harrison Uhl has a degree in electrical engineering and philosophyfrom Cornell University (Class of ’77) and worked at Dow JonesTelerate.After Carnegie Mellon University, Class of ’88, Bill Uhl worked asa licensed architect using computer aided design (CAD) but then movedto network and Internet-related administration.The recruiting site has good value for both employers and jobhunters.Jobhunters can browse the well-organized listings or sign on and posta resume for free. Employers can post jobs for free in early February,and these jobs will run for free through early March.To add heft to the job postings, the Uhls use a webcrawler, a programthat follows links on the Web and downloads the job listing pagesthat it finds. Then another program digests, filters, and selectsthe pages to be indexed. Thus the Uhls can provide full text searchon millions of job postings from news groups plus thousands of jobscrawled direct from corporate web sites. The webcrawler harvests from20,000 to 30,000 jobs, some free and some paid. With its 2.5 millionpages, the site is considered a “reservoir” for the searchengines. For instance, Google takes 30,000 to 50,000 pages at a time,roughly once a month.The Uhls launched the site last year but have rebuilt it from scratch,migrating it from Microsoft to Linux with Java and Java server pages,and making it open to the public.Companies can use the Uhls’ jobposting service for as little as $400a year. “If you already have jobs on your website and have themorganized appropriately, we crawl them and put them into our index,”says Uhl. The summary page must have a click through for one job ona page — and provide target location, functionality, title, andsalary if available. If you have some unusual programming on yoursample page, there will be an additional one-time charge. And if youchange your programming every couple of months (a surprising numberof companies do that, he says) your cost will reoccur.Pricing for individual jobs will be similarly promotional, perhapsless than $1 a day. He’s planning a first-time charge of $50, whichwould include one job posted for 30 days, followed by a credit fora second 30-day posting.Lots of other companies offer jobposting sites, including Dow Jones(https://www.careers.wsj.com). To post an individual job on theDow Jones site, says Tony Lee, editor and general manager, costsabout $250 for 30 days or $350 for 60 days. Corporate membershipsare $1,800 per month with a “no additional work” option. Ifyou maintain your job-posting website, the Dow Jones webcrawler willpull your open positions and post them in its database.But only a couple of other companies, the Uhls say, are offering webcrawler software for job postings. “We provide an easy mechanismfor recruiters to post their jobs in a much larger pool and also stillhave search and posting tools on their website,” says Bill Uhl.”We price proportional to where our traffic is,” says Uhl.”Our focus is not so much on selling the individual posting, buton selling the business behind it, so a recruiter can get a first-tiersite up on the Web.””We are working on tools that don’t require human effort,”says Uhl. “Everybody else is out there at the high end, and weare at the middle tier, the grass roots level — where there ismore going on.”— Barbara FoxNext StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.

CE – US1

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