3 ms·

Real Estate in the US is like a bunch of little MLS fiefdoms still angry you have access to the internet. Eventually the Real Estate market will adopt like the

Real Estate in the US is like a bunch of little MLS fiefdoms still angry you have access to the internet. Eventually the Real Estate market will adopt like the music industry and others had to. Welcome to the 21st century. Brokers and agents are mostly sales people that drive around showing places. Its the lawyers, inspectors, insurance underwriters, loan originators, and title companies that do the real and/or legal work. It's time for broker/agents to take a more fitting role instead of charging 6% for posting cell phone pictures of your house on their regional MLS.

harrisonjackson 3y ago
Inspectors maybe since they go on site and climb around etc... but every other profession you listed uses the same documents/software for every single deal so I don't know what you mean by "real" work.
Root_Denied 3y ago
> Its the lawyers, inspectors, insurance underwriters, loan originators, and title companies that do the real/legal work. And they get paid a flat rate to do that work (hourly or per contract). There should be no reason for commission based compensation for brokers and RE agents in the residential market. I could see an argument in the commercial market for it though.
brentm 3y ago
The music industry didn't have a patch work of local laws protecting it's thiefdom, unwinding Real Estate is a much more difficult challenge. If it was not I think we would have seen some real inroads by now, it's obviously a massive market.
matt-attack 3y ago
I don't even understand the idea of "showing places". Every time I purchased a home, I scoured Zillow, drove myself to open houses, and when I was ready to make an offer, called my Agent. Sure occasionally there is a property that doesn't have open houses and it on lockbox and you have to have your agent let you in, but honestly the last thing I want it them following me around the house (that's not even their own listing). They were always there just b/c they could open the door.

harrisonjackson 3y ago

Inspectors maybe since they go on site and climb around etc... but every other profession you listed uses the same documents/software for every single deal so I don't know what you mean by "real" work.

Root_Denied 3y ago

> Its the lawyers, inspectors, insurance underwriters, loan originators, and title companies that do the real/legal work. And they get paid a flat rate to do that work (hourly or per contract). There should be no reason for commission based compensation for brokers and RE agents in the residential market. I could see an argument in the commercial market for it though.

brentm 3y ago

The music industry didn't have a patch work of local laws protecting it's thiefdom, unwinding Real Estate is a much more difficult challenge. If it was not I think we would have seen some real inroads by now, it's obviously a massive market.

matt-attack 3y ago

I don't even understand the idea of "showing places". Every time I purchased a home, I scoured Zillow, drove myself to open houses, and when I was ready to make an offer, called my Agent. Sure occasionally there is a property that doesn't have open houses and it on lockbox and you have to have your agent let you in, but honestly the last thing I want it them following me around the house (that's not even their own listing). They were always there just b/c they could open the door.