Michael Setunsky, Your Commercial Real Estate Link to Northern VA

Spam prevention
Rainmaker
557,354
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The difference between car salesmen and real estate brokers is a Grand Canyon sized chasm. It may not always seem like that, but it is. IMO, replacing car salesmen with robots would be a huge Improvement. In our business, however, we're bound to higher standards. If we did what some car salesmen do, we'd be in jail. Consumers need us.

Jan 15, 2018 04:00 PM
Ambassador
3,553,136
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Could be. There are already robots showing rental properties in Silicon Valley. While I think consumers need us no doubt there are soume who would love buying a home via app. Imagine the security issues.

Jan 15, 2018 04:11 PM
Rainmaker
4,218,882
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

no, they need us.... real estate is too complex to not have representation by an agent....

Jan 15, 2018 03:48 PM
Rainmaker
2,575,198
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I do not believe so ... not in my lifetime. Who holds fiduciary without a humanoid with a license to practice?

Jan 15, 2018 06:02 PM
Rainmaker
4,556,717
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

There will be many changes in the industry.

We have a national surplus of several hundred thousand agents.

Jan 15, 2018 04:40 PM
Ambassador
1,903,042
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

If you watch the commercials on TV, you might think that. I guess, people could be "buying" real estate like that but then what? It's not an instant transaction like a car deal. Who is guiding them through the process and helping them solve issues that come up? 

Jan 15, 2018 04:05 PM
Rainer
3,980
Todd Phillips
AZHouseAZHome - Realty Executives - Phoenix, AZ
Buyer/SellerRep,CashOffers,Wholesale,Photography

Yes. It is already happening, and will continue to be a a method for Buyers and Sellers. Internet and Apps can help and hurt and industry.

Jan 15, 2018 03:35 PM
Rainmaker
2,351,115
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Somehow buying real estate is very different from buying a car; also a much bigger financial investment. 

Jan 16, 2018 03:49 AM
Ambassador
3,352,018
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Some companies will be trying this soon, I am sure that is will be somewhat successful, but not for everyone.

Jan 15, 2018 08:28 PM
Rainmaker
562,277
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

The industry will continue to change 

Jan 15, 2018 07:34 PM
Rainmaker
2,858,081
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Some think that day has arrived 

Jan 15, 2018 07:33 PM
Ambassador
2,019,717
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    There are still a few travel agents out there, who cater to some select groups and individuals.   The same thing will happen to the real estate industry over the next few years... there will be a dramatic reduction in the number of real estate brokers.

Jan 15, 2018 07:30 PM
Ambassador
2,483,316
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

It may very well be but, I'll be 6-feet under by then!

Jan 15, 2018 07:19 PM
Ambassador
3,630,744
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hasn't that been around in some fashion for a long time?

Jan 15, 2018 06:13 PM
Rainmaker
2,603,838
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

They will try but not in the cards for the forseeable future!

Jan 15, 2018 05:55 PM
Ambassador
1,342,439
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Wait five years and we will see.

Jan 15, 2018 05:51 PM
Rainmaker
2,259,476
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes without a doubt...There will always be a need for a licensed coordinator, agent or expediter however but the big money days will definitely dwindle down with exceptions here and there. Being an agent will become less popular thus completing a full start to finish cycle for this industry. My advice? make hay while the sun shines. Hustle and work it while you can

Jan 15, 2018 05:36 PM
Rainmaker
369,439
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

 No doubt it will be tried and will inevitably fail, for many reasons.

Jan 15, 2018 04:04 PM
Rainmaker
1,151,012
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

You might buy the car on the internet but will still be in front of two eyes, two ears, a nose, and a BIG MOUTH trying to sell warranty, accessories and do the paperwork.

Jan 16, 2018 05:07 AM
Rainmaker
644,408
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

People are always coming up with new ideas. Some work, some don't.

Jan 16, 2018 01:04 AM
Rainmaker
853,013
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I believe it is Michael and it will be here before we can say lickety split. You'll see a home for sale, pull up the app and let your cryptocurrency do the rest. All you need to do is determine a closing date and reset the Kevo for access.   

Jan 15, 2018 08:44 PM
Rainmaker
783,769
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Well there are certain people and situations that are going to go this way and in fact they already have call on those apps are here.
the majority of people will not: there’s no app for what we do as Realtors
there’s no app that holds hands
there’s no after negotiates
there’s no after problem solves
There’s no app that puts out fires
there’s no app that thinks outside of the box

Jan 15, 2018 08:19 PM
Rainmaker
840,228
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I believe there still be realtors preparing documents as all states require them.

As for the commission it will be piece meal. Big brokerages (public companies) are offering 1% listing fee and 40% back to customers in most states where they are lawful.

 

Jan 15, 2018 05:02 PM
Rainmaker
1,419,314
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

No; I like the negotiation with real people.

Jan 21, 2018 08:30 AM
Rainmaker
3,485,125
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Buying a car is a lot less complicated than buying a home and feel the public needs professionals to complete their real estate transactions.

Jan 18, 2018 10:34 AM
Ambassador
2,702,800
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

well I can tell you an app isn't getting ANYONE in to look at my house.

Jan 16, 2018 11:38 AM
Rainmaker
1,057,230
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I probably missed that commercial, but sites like autotrader have been around for a while, allowing you to buy a used car w/o a salesperson.  I don't know how you'd go about getting a test drive done without a salesperson though.  When I bought my car last year, the salesperson was VERY helpful and I wouldn't/couldn't imagine buying the car without him.

Jan 16, 2018 09:34 AM
Rainmaker
1,363,210
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

No but I can see it personally for me.

Jan 16, 2018 05:58 AM
Rainmaker
2,615,896
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

NO and only a FOOL would by a car without looking at it. With both you need to see it. You need to check it and you need to research it. Then with homes, you need a real person to answer the personal questions, to be the rock, to guide, teach and negotiate the best deal. MOST important only a real person can keep a deal together given the inspection, the mortgage process and appraiser. 

Jan 16, 2018 05:50 AM
Rainmaker
4,202,477
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They have been trying this for years without much success, yet. 

Jan 16, 2018 05:33 AM
Rainmaker
2,886,819
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Perhaps for mobile homes? 

Jan 16, 2018 05:23 AM
Rainmaker
3,957,562
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

Jan 16, 2018 02:47 AM
Ambassador
3,930,401
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michael Setunsky - anything can happen! Though I may not be around by then.... lol!

Jan 15, 2018 11:29 PM
Rainmaker
661,874
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Most likely...

Jan 15, 2018 07:56 PM
Rainmaker
3,552,138
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WEll if it is the courts will be unendated with cases

Jan 15, 2018 07:20 PM