Quote:
Originally Posted by BrianL99
I think it's going to go the other way.
I think "Seller's Agents" will become glorified clerks (which is just about what they are these days) and they will take a Listing for a "flat rate" + 2.5% Commission to the buyer's broker.
It seems clear to me, that one side or the other (Selling Agent or Buyer's Agent) is going to rendered nearly obsolete.
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thanks BrianL for all the knowledge from actually running a brokerage.
I am wagering that the technology bros want to eliminate the Selling agent and the MLS platform and make the real estate sales platform an open platform fight between Zillow, redfin, and anyone else with listings by owner. The owners will do all the self marketing of pictures and descriptions. The buyer's agent starts going through the listings and works the showing for the potential buyer with the owner. Since the buyer and/or the buyer's lawyer wants a clean title and keys, in exchange for the money, the buyer drives the closing.
But that is just my intuition and experience with the technology world
And just for yucks, i was working at a datacom lan/wan company with a programmer who was developing a real estate sales platform for the internet in
1995. . just like what is used today, but the internet just wasn't fast enough for the video quality at that time.