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Like a restaurant though, if they were bad at their job they wouldn't attract new clients. Under a HN analogy if they screwed clients they'd have a 0 rating and
by neximo64 10y ago
Like a restaurant though, if they were bad at their job they wouldn't attract new clients. Under a HN analogy if they screwed clients they'd have a 0 rating and lose future clients.
The assumption you have is they are simply a market matcher but they're offering more than that.
Their incentive is to get the highest possible sale price in the shortest amount of time and a good reputation. That high price has to also be clearable meaning it cannot be just up in the air and seemingly arbitrary (it can cost either time or reputation).
Without them there is much more information asymmetry. Using an online version you basically have access to the same information you would as with them but without the human element to judge through nor their experience on offer.
- jaypaulynice 10y agoThis is not true. Some professions are based on screwing the current client and moving on to the next one. How many times do you get to buy a house? This is why most people use an agent to sell their house. They can lie without seeming they're lying (sorry was unaware of xyz...that's what the owner told me) The incentive for the agent is actually highest cash in down payment because they don't want to deal with the bank to get their money plus they get to keep the down payment if the buyer pulls out.
- nxtrafalgar 10y agoPerhaps things are different internationally, but if word got out that agents from the estate agencies I work with were regularly screwing buyers, they'd sink quickly. > plus they get to keep the down payment if the buyer pulls out. What? Where does this happen?
- user5994461 10y ago> Like a restaurant though, if they were bad at their job they wouldn't attract new clients. In many places, the law is forcing you to go through an accredited agent to make a deal.