4 ms·

Nothing will put lawyers or doctors out of work. They are powerful cartels that can easily protect themselves. Realtors are already irrelevant technologically b

Nothing will put lawyers or doctors out of work. They are powerful cartels that can easily protect themselves. Realtors are already irrelevant technologically but they have a huge entrenched social and legal system to make it impractical to compete.

bamboozled 2y ago
My friend is a real estate agent, they play a major part in the psychology of buyers and sellers. Selling your dead parents home that you grew up in (for example) isn't something everyone just signs up to some website and does using a credit card without a second thought. A good real estate agent can guide people through this process while advising them on selling at the right price while avoiding the most stress often during an extremely difficult time in their life, such as going through divorce of breakup. They of course also help keep buyers interested while the seller is making up their mind about the correct offer to take. I find your comment ignorant in so many ways. Maybe have some respect?
- dmix 2y ago
  Are you not just explaining "a huge entrenched social system" as OP said? It takes a long time for cultures to shift and for people to start to trust information systems to entirely replace high touch stuff like that. And at some level there will always be some white glove service on top for special cases.
  - bamboozled 2y ago
    How is hiring a professional to help you sell a property a "huge entrenched social system" sorry ? No one is forced to hire a real estate agent. I bought my house through private sale.
    - DataDive 2y ago
      > No one is forced to hire a real estate agent. but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price. Refer to the NAR settlement that pretty much admits to this. https://www.realestatecommissionlitigation.com/ https://www.realestatecommissionlitigation.com/ This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices. The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission
      - wolfendin 2y ago
        That really does say something about how unrealistic house prices are nowadays, doesn’t it?
        DataDive 2y ago
        it doesn't say anything about house prices IMHO, simply put the cost of selling a home should not be linearly related to the cost of the house, and especially should not be a fixed constant across the entire country
DataDive 2y ago
Weren't lots of realtors recently put out of work in the US, at least? When NAR settled the price collusion charge? Thus cartel or not, times do change.

bamboozled 2y ago

My friend is a real estate agent, they play a major part in the psychology of buyers and sellers. Selling your dead parents home that you grew up in (for example) isn't something everyone just signs up to some website and does using a credit card without a second thought. A good real estate agent can guide people through this process while advising them on selling at the right price while avoiding the most stress often during an extremely difficult time in their life, such as going through divorce of breakup. They of course also help keep buyers interested while the seller is making up their mind about the correct offer to take. I find your comment ignorant in so many ways. Maybe have some respect?

dmix 2y ago
Are you not just explaining "a huge entrenched social system" as OP said? It takes a long time for cultures to shift and for people to start to trust information systems to entirely replace high touch stuff like that. And at some level there will always be some white glove service on top for special cases.
- bamboozled 2y ago
  How is hiring a professional to help you sell a property a "huge entrenched social system" sorry ? No one is forced to hire a real estate agent. I bought my house through private sale.
  - DataDive 2y ago
    > No one is forced to hire a real estate agent. but for long time in the US you were "forced" to hire a real estate agent, if you wanted to get the market price. Refer to the NAR settlement that pretty much admits to this. https://www.realestatecommissionlitigation.com/ https://www.realestatecommissionlitigation.com/ This is not to say that real estate agents cannot add value to a process; it is just that they were a cartel with anticompetitive practices. The mandated and fixed 6% on each sale was and is ridiculous, when the median sell price is 400K in the US ... that is 24K commission
    - wolfendin 2y ago
      That really does say something about how unrealistic house prices are nowadays, doesn’t it?
      - DataDive 2y ago
        it doesn't say anything about house prices IMHO, simply put the cost of selling a home should not be linearly related to the cost of the house, and especially should not be a fixed constant across the entire country

DataDive 2y ago

Weren't lots of realtors recently put out of work in the US, at least? When NAR settled the price collusion charge? Thus cartel or not, times do change.