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Updated almost 5 years ago on . Most recent reply

User Stats

330
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Ben McMahon
  • Contractor
  • San Diego CA
137
Votes |
330
Posts

Is this the end of the Traditional Real Estate Agent Era?

Ben McMahon
  • Contractor
  • San Diego CA
Posted

For years now, we have all known that a good portion of the traditional real estate agents job is unnecessary.  This is a heated topic for a lot of people particularly if you are an agent.  The best argument for the traditional agent in my opinion is that some individuals have the ability to be in the deal flow, have good relationships with vendors, lenders, escrow agents etc. and know how to negotiate on behalf of the client.  

Since everything has been moving remotely, the enormous fees agents have been getting has largely stayed in place due to the Lobbying powers of the NAR and belief that an agent can truly be the best financial option. Its taking awhile, but slowly over the last 10 to 15 years some of that has been chipped away. Discount brokerages, FSBO websites, etc. I wonder if this is the last straw?

My question, is this the end of the traditional agent?  If most everything is being done remotely right now, how long will it be before agents start getting cut out of deals?  I can guarantee there's not going to be many open houses this summer. LOL

  • Ben McMahon
  • Most Popular Reply

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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    63,215
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    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    discount brokerages have been around for decades think of Help U sell.  Keep in mind 90% of the buying public have never transacted have never been on BP and have no clue how a real estate transaction goes together.

    its easy for investors to think this way.. most can it themselves after they have closed a few deals.. but civilian buyers and sellers they need help or nothing would get done. 

    business profile image
    JLH Capital Partners

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