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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (6755)	11/13/2002 4:08:36 PM
From: Tradelite	Respond to of 306849

<<The good agents with a more efficient system will make the same or more money..>> The good seller who gives an unequivocable yes to the first offer that comes along, and doesn't require me to negotiate hours and hours on his behalf, and who doesn't require me to sit by my fax machine at night receiving and reviewing multiple 13-16 page contract offers is the type of "efficient" seller I would like to meet. I'd like to meet an efficient buyer who buys the first house I decide to show him on the first day I meet him. The day that agents or the system gets more efficient will be the day that human beings who are purchasing or selling a home are willing to take the emotion and concern about dollars out of the equation. I will be VERY efficient, then, I promise.

To: Lizzie Tudor who wrote (6755)	11/13/2002 4:10:17 PM
From: bozwood	Read Replies (2) \| Respond to of 306849

It would seem that the crux of the matter is the lock that the brokers/realtors have on the MLS. There was an article recently in the WSJ about how hard realtors and their associations fight to keep that information to themselves.

To: Lizzie Tudor who wrote (6755)	11/13/2002 5:20:41 PM
From: deeno	Read Replies (1) \| Respond to of 306849

"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?" with the example you gave and the numbers I used, what could you be more effecient at? those were basically fixed costs per deal. Your offering SOMEONE $1000 after taxes to do your "deal" Not including any "expenses" to promote or provide info. Im not saying thats bad, but thats what your worth to someone. what tradelite was saying (i think) the amount of attention and help you get will be comiserate with the amount of income you represent. I would say, for a newbie, learning on your dime with unlimited time it might be a blessing, A big guy/gal like tradelite would probably pocket the listing and if someone showed up he/she would do the paperwork. " 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.." I agree. "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." BTW do you realize the AVERAGE wirehouse broker (with 10 yrs exper) 15 years ago made around 60m, now he makes 250m. Maybe tradelites right. The discount model is somewhat limited, check the price of Schwab stock. "but really, it was the lack of information available to retail investors that the big firms had a lock on that constituted the "service" I agree again. How could someone who looks at the real estate market only when they want to buy or sell be as knowledgable as a full time 7 day a week successful agent? You want that lock of info I guess you have to pay up for it. Want to learn it on your own? Go to the interent and reinvent the wheel. for the amount of "error" you might make paying the full boat might be cheap. I said "Maybe" some on theis thread dont need the help, they already "know" the market for their stuff. Im not really disputing your feeling about agents, however You maybe overestimating your value to them.