Am I the only one who didn't know this???
i think it's like giving the kids in the neighborhood loaded guns so they can learn about gun control...
there is so much mis-information in the consumers heads already... they are going to make a mess of things if they act as "their own REALTOR(R))...
i can see it now.... our neighbors go to Zillow to get their price... inflate it by 20% cause they have a REALLY great home... and then list it on REALTOR.COM... the 'green' newbie buyers agent confirms the price AT ZILLOW and writes a contract... the appraiser thinks they were sent to the wrong property... and then the mortgage lender tells the buyers agent they are $65,000 over market with their offer... the buyers agent yells at the loan officer... and the buyer finds another loan officer (the newbie buyers agent gets this new loan officer name from a box of donuts at the office)... after a 2week delay the buyer renews their lease... and the newbie buyers agent goes back to slinging ice cream at baskin robbins... the newbies x-real estate broker needs more business so they must replace that newbie buyers agent... so they run more ads in craigs list: "get your real estate license in 4 days" and you too can make $100,000 a year
i think it will all end with 7-elevens offering mls kiosks
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