The Value of a Real Estate Agent, Can They Be Replaced?

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
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The Value of a Real Estate Agent, Can They Be Replaced?

 

One of the excerpts of the chat between Bob Stewart and Dave Liniger, the founder of RE/MAX was a response to a question presented with the respect to a real estate agent being replaced within  the transaction or as a practical part of the process. This question alone, coming from an employee of Zillow by way of acquisition, piqued my interest.

 

Mr. Liniger feels, or at east my interpretation is, that the real estate agent really owns the deal, and as long as the agent maintains control and manages the listing properly, it can't be taken away from him. I feel this is also the case, and as long as the real estate industry functions with a network of local MLS agencies and their agents, the agent will have a need.

 

There may well be attempts to bypass the agent and the system, there are numerous sites that tout selling homes on your own, but the effectiveness of that format has demonstrated itself to be weak and not always to the best advantage of the seller.

 

The agent that works the listing for the seller and takes the burden of responsibility for selling away from the seller demonstrates their worth. As real estate is local, and the Internet is an equalizer for agents to compete with franchise operations. The agent's ability to effectively market the listing will allow that agent to utilizes secondary sites such as Zillow and Trulia to sell their listings.

 

Internet Marketing

 

The approach taken by that agent to sell their listing will also bring in the buyers which also can circumvent an Internet marketer such as Z and T.

 

I do believe that the agent has a strong position in the matrix of a sale and until that position of strength and be replaced by some Internet algorithm, the position is secured.

 

The Value of a Real Estate Agent, Can They Be Replaced?

 

 

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Ed Silva  RE/MAX Professionals,   203-206-0754

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Ed well as someone that has from time to time work with Borrowers who are not using a Realtor, I can tell you from experience, eliminating the Realtor creates issues throughout the transaction that would not be issues if they were represented by a  Realtor.

Jun 30, 2013 11:46 AM #1
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
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I wouldn't be a fan, Realtors add so much value to a transaction. They are a vital part of the entire process, they will never be eliminated.

Make it a great week!

Jun 30, 2013 08:02 PM #2
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George, I know what I have to do to get a deal through closing, and I cannot imagine a novice home owner getting it done properly and then saying they saved money.

Joe time is money and for the amount of time an agent would save the deal, and possibly get more value out of the sale, is worth it, IMHO

Jul 01, 2013 12:35 PM #3
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