Internet changing picture for real estate companies.

Real estate companies have broad opportunities to improve profits, market share, growth and operational efficiency by taking advantage of the opportunities presented by e-business. However, real estate companies in Houston and across the country will need to take innovative - and in some cases, radical - steps to build new business models.

This is made clear in a report recently released by Arthur Andersen - the second in a series of reports that explore the key e-business issues facing the real estate industry, "eReal Estate Companies: The Impact of eBusiness and the Internet in the New Economy."

Overall, most real estate companies - commercial developers, home builders, real estate investment …