13.11.09

Relationships in Real Estate

This is an entire industry which is about to go the way of travel agencies...

Is a day coming when ALL transactions are "For Sale by Owner" simply due to the simplicity of buyer/seller connecting directly? I don't know why not.

I could easily foresee a day when realtors are no longer "relationship managers" as they are today and are more like title/closing clerks. If this occurs you can expect the percentage people are willing to pay to drop by 90% from today's 5-6% commission.

Don't say you weren't warned.

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