5 reasons for all real estate agents to start considering new careers.
Here is a relevant post that should warrant discussion by those in the business at this time. At some point, a software application will be developed that will enable someone to A B C the steps necessary to sell or buy REAL ESTATE. Then, there are so many supporting services that would love to help the "go it a loner" in exchange for their services. Lastly, anywhere there is big money changing hands, there will always be controversy and at some point, people for whatever reason may not want to part with tens of thousands of dollars so easily. I will say this...many would gladly would pay for services, but that figure would not be anywhere close to what it is now...Your thoughts please?
Like it or not, the writing has been on the wall for some time. The days of real estate brokerage as we have known it are truly numbered.
To say it is NOT so is a failure to recognize some basic facts that cannot be disputed.
One: Technology has changed the role of the real estate broker from an information source to a door opener. And since door opening technology is constantly improving, that function will soon erode away as well. True or not, consumers believe that the skill and expertise of a broker is no longer valuable or worth consideration. As the current crop of hi-tech first time buyers become resellers, they will have the confidence to go it alone!
Two: It’s too easy to become a real estate agent in most states. In Georgia, it is much more difficult to get a license to cut hair than to sell a multi-million dollar house!
Three: New real estate business models have diminished the level of agent supervision. In some cases, agents are completely unsupervised and operating as rogue brokers.
Four: Consumerism. We all want to pay less for everything. We now purchase many products and services online, and real estate is a natural match for the Internet. As it becomes easier and easier for sellers and buyers to directly interact the need for an intermediary becomes less and less a necessity. Especially when thousands or even tens of thousands of dollars are on the line!
Five: Court Rulings. Courts are throwing out protectionist practices every day in favor of a system that is open to all. As propriety systems become public, so too does the need for third party intervention.
As a result of these changes, it is my prediction that real estate brokerage as it is know today will be eliminated by 2020.
Agents need to take the proper steps to prepare for what lies ahead.
It’s never too early to start thinking about a new career!
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