What will it look like to be a Realtor 10 years from now???

By
Real Estate Agent with Home Real Estate

I was thinking about my Real Estate business today and I asked myself this question. What will it be like for a Realtor 10 years from now? Things are changing so fast in our industry it makes me wonder if it will even be worth the effort of working in Real Estate. I wonder if people 30 years ago asked the same question. I have to believe that the business will still be a personal business. Even though people begin on the Internet, they still end up working with one of us one on one in the end.

Do you believe that people honestly see the value in the services we provide? Or do people work with us because the alternative of selling their house without anybody's help is not appealing? Lord knows I have worked with many sellers and buyers who thought they knew everthing there is to know about Real Estate. I am sure that you have also, but I never let it get to me. I am confident of the knowledge we have as agents and the value we bring to the table.

Have any of you heard of the "brokerages" that offer to rebate their commission to the buyer or seller if they agree to work with them? We had a couple of them advertising on the radio hot and heavy for a number of months and the poof they disappeared. I don't really wonder why because we all know the answer. Many people out there have twisted ideas about what we make for commission and if it really is worth it for them to work with us. Not our buyers, but our seller's definitely think about that sometimes. This is a very difficult business and it is full of risk for us when it comes to our reputation and financial well being.  In the end people are paying for our knowledge, wisdom and experience when it comes to Real Estate. There is only so much that the Google search engine will provide for the consumer when the rubber meets the road in this area. You can Google "help me close my real estate transaction with ease" all you want but if you don't have an experienced person by your side, you are at risk. We most always get what we pay for and in the case of the discount brokerages, if you pay them little they will provide little in return.

I hope that this article benefits you and I hope that you take the time to leave a comment on your take on this subject. There are many of you with a tremendous amount of wisdom and here is your opportunity to spread the wealth.

Steven Wright

Denver Realtor

I just spent a lot of money on my website and I would love for you to visit and tell me what you think.

Click Here for My Website

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Rainmaker
856,676
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

The one thing I do no is that if cut rate was the key and not good service everyone would be cut rate.

Feb 26, 2010 04:12 PM #1
Rainmaker
3,063,031
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Steven - Thank you for sharing an informative and helpful blog.

John

Feb 26, 2010 04:19 PM #2
Rainer
37,885
Lisa Marie Flenoury
"Lisa The Broker" - Playa Vista, CA
"Lisa The Broker" - Making Dreams Come True

Steven:

Thank you for sharing such a informative and creative post

Feb 26, 2010 04:26 PM #3
Rainmaker
254,785
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Great post, food for thought, just think of the changes within the past ten years, five years, two years and even in the last year, Buyers and Sellers require professional assistance now more than ever before, the key is we have to be more professional than ever before, the bar has been lifted. Thank you so much.

Feb 26, 2010 04:36 PM #4
Rainmaker
1,571,172
David Saks
(retired) - Memphis, TN

Commission rebate is a touchy subject. Could it thinly ride the RESPA line ?

Feb 26, 2010 04:38 PM #5
Rainmaker
557,471
Melinda (Mel) Peterson
Grants Pass, OR - Bend, OR
The Blessed Realtor - ABR, CRS

Interesting question.  Two nationally known cut-rate brokerages in our town closed their doors last year.  Brokerages like that have to bank on volume to survive.  Less deals = out of business.  It's about survival of the fittest.  If you stay current, relevant, and perhaps in front of the next real estate trend or curve, you will survive.  Real Estate Agents will remain viable representatives in real estate dealings.  Not sure about the future of large real estate franchises.  We'll see :)

Feb 26, 2010 05:39 PM #6
Rainer
47,924
Kevin Dunlap
Trident Investments Group - Las Vegas, NV

Nice article... Thanks.

Feb 26, 2010 06:12 PM #7
Rainmaker
510,224
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I suspect technology will continue to change and service will never go out of style.  We have every business model in our area and the rebate and discount companies do a very low percentage of business compared to the traditional companies. 

Feb 26, 2010 07:21 PM #8
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Steven Wright

CRS - Home Real Estate - 720-989-5283
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