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Yeah, I think conductr and I are on the same page here... basically I see real estate ripe for the same kind of transformation as financial services has experie
by poulsbohemian 3y ago
Yeah, I think conductr and I are on the same page here... basically I see real estate ripe for the same kind of transformation as financial services has experienced... once upon a time if you wanted to buy and sell stocks or other assets, you went to a stockbroker / financial advisor. Today, sure there is still a need for those professionals, but many more people trade on Schwab / Fidelity (as examples) and the standard of practice for the remaining financial advisors has improved as expectations have increased.
Essentially - I expect some combination of technology / low-cost brokerages to take over a lot of the business, while some demographics of buyers / sellers or types of properties will continue to rely on the services of brokers who will be forced to up their game in order to compete. I fully expect a bloodbath among some of the larger national / international brokerages, as many of them have abusive, unsustainable business models.