Some valid points on both sides here, but I agree more with what Mike and Jay said last. At my previous Brokerage, the President once said in a meeting, you know there's a good chance that the next President of our company, hasn't even received their real estate license yet, and isn't even working in the business yet. Point being, everyone has to start somewhere and the same could be said for REI...who is to say one of the next big names, or future investing gurus is just starting out on the forums making "silly" comments without using the search button and getting bashed for it, as an example...that's why places like BP exist to embrace the newbies and help show them the way. Maybe if you see a newer Agent pricing wrong, use it as an opportunity to reach out, ask how they valued the property and explain what they're missing. Who knows, just by you doing that you might make a connection with them that has them join your team, or partner on future projects together, just because you're the one offering sound advice that they're clearly not getting from their current brokerage...
Now of course you could argue the point to entry is low and how licenses should be earned could change, but like the others said, it is on the sellers to do their due diligence and make an educated decision. Any reasonable person with some common sense should be able to see through the "fakeness" and vet that person for their experience, knowledge, skills, etc. As for the inexperienced Agent that doesn't know how to properly value a property for sale...well that happens all the time whether the Agent is experienced or not, and there's a case to be made that sometimes the old timers with more experience are actually the worst at pricing properly. And like Mike said, he's had bad experiences with the tenured agents, and great experiences with the newbies, it's all case by case on that individual.
If a new agent prices the property too low, well it just means there should be more activity and more than likely a multiple offer situation anyways. If it ends up selling below market value, it's not any different than all of the wholesale deals and off-market deals that get scooped up below market value too. The seller was comfortable with that list price, that's on them...
If the new agent prices the property too high, well unfortunately that has been the norm across the entire industry as of late, not just with new agents. But either way, the sellers don't dictate the market, the buyer's do. So the property will just sit until then...and again that was the sellers decision after hearing and seeing their listing presentation, marketing plan, pricing strategies, etc to hire that agent...that's purely on the seller, not the agent...
