DEBATE: Real Estate Innovation OR Real Estate Sell Outs!
Hello, my name is Robert Nichols and I am the Co-Founder of Bentley Real Estate Group and Sharp Buyers, Both located in Boston Massachusetts. I have been active in real estate as an investor and agent for the past two and a half years.
About 3 months ago, my business partner and I started seeing more and more media coverage about real estate rebates and discount brokerage firms all over the country. This spawned excessive conversation between myself and other industry professionals in my network. The two most extreme perspectives that were expressed can be summed up as follows.
Perspective #1 – Real Estate is a profession not a hobby. Agencies that participate in giving rebates are eroding the industry from its core. Clients who receive rebates should understand that the level of service they receive is going to be compromised due to the agents need to maximize the commission. Rebates will eventually lead to the end of the industry as we currently know it, and be replaced with unskilled agents.
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