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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: deeno who wrote (6738)11/13/2002 3:55:57 PM
From: Lizzie TudorRead Replies (3) of 306849
 
deeno,
I definitely hear you... I know agents aren't cleaning up around here, especially now. Although I definitely think the big RE companies like cendant are... at any rate it is the entire system that needs an overhaul and the *middlemen* (plural) have got to go or accept lower fees it seems to me. The good agents with a more efficient system will make the same or more money.... the weak agents will drop out wouldn't you think?

Imo real estate really does seem like the full service brokers from 15 years ago. They claimed to provide "service" for their clients that justified commissions... but really, it was the lack of information available to retail investors that the big firms had a lock on that constituted the "service". The minute the internet broke things wide open, we all could see for ourselves how much value full service brokers added. Some were exceptional and continued to operate as before but the marginals left the biz.
lizzie
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