The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tradelite who wrote (77942)	5/21/2007 6:13:05 PM
From: Think4Yourself	Read Replies (3) of 306849

This is the first year I have made the prediction. I have also been aware for quite some time about the Fed's action against the NAR. I am also up on the technology changes in information systems, unlike those who think it's the same old story. The days of the Realtor monopoly are numbered as the showing houses on the web is just the tip of the IT iceberg. Everyone will understand that in a few years. I will address your issues but first want to mention that there is one area you didn't mention that I believe justifies the existence of the Realtor. That argument is convenience and trust. You don't want to be showing your own home all the time, and you want a close record of people let in to see your home when you are gone. Your training issue kind of makes me want to laugh. Do you even have to have a college degree to become a Realtor? I think it's (still) no more difficult than a month of night school and taking a test. Much easier than becoming an auto mechanic electrician, or computer programmer. Then it's a lot of work, just like any other job. All those occupations require continual training. As for the gas and auto, they are business expenses that can be written off. Technology is also allowing people to do a lot of the grunt work up front, before they ever even walk into the home. That means fewer homes actually visited for people who know what they are looking for. As for the rest of your cost arguments, do you REALLY think those costs justify tens of thousands of dollars in revenue for each house sold? Just look at what you are saying. You are trying to claim that paper, ink, photos and secretaries justify tens of thousands of dollars for the real estate profession on every house sold. Sounds more like basic costs of running any business to me. Again, I am not saying the concept of the Realtor is dead. I am saying their monopoly is dead. Their foolishness in charging 6% on a 500K+ home guarantees that. That is a ridiculous transaction cost, even if it is getting split up 4 ways. Selling an individual house MIGHT involve 40 hours work and a few thousand dollars in marketing costs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next