There are plenty of moving parts in the real estate business. The business has evolved from the days of consummating a transaction, from start to finish, on a hand shake.
MLS came into the picture and gave birth to “the art of cooperation.” Every agent represented the seller, and “buyer beware” went into play until consumer protection laws were incorporated within the game. Treble damages resulted. It’s not a game!
Here we are with agent participation in such great numbers that the training provided is not adequate. Lawyers and the courts are busier than ever.
Agency is becoming stronger, to a listing agent. Buyer agents are very important factors influencing the income of listing agents.
Listing agents are beginning to market to buyer agents. Buyer agents are acknowledged as major players and very important to the potential transaction.
The real estate business continues to develop and the licensed participants are slowly realizing their proper position that enables the buyer client to experience suitable representation. This mentality is THE most important factor.
Every buyer deserves proper representation. Well-versed listing agents are aware and appreciative of how the industry has again advanced to another level that reflects proper representation for all.
This mindset is slow to become popular. We’ve come a long way from that first hand shake, but we have so much further to go.
Just one of my thoughts for the moment…..
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