Filed under: Uncategorized — sexton-interactive @ 11:11 pm
A big question that is being asked these days is ‘Do I need a Realtor?’
I mean really…’DO YOU REALLY NEED a REALTOR?
The 60 Minutes piece about agents making massive commisions for a few hours work shocked and outraged many homebuyers and sellers, sending repercussions throughout the real estate business and prompting many prominent real estate agents, brokers and firm owners to go on the defensive…… A recent article in The Suburban Journal by esteemed writer Don Rogers sums up this attitute, as he describes some of the pitfalls of the industry. However, it was observed that the sellers generally gets screwed more than anyone by the staus quo. he writes: ‘The good news, however, is that in most cases your buyer’s agent receives his or her compensation through the seller and the real estate company that has the listing’…..I predict that we may see a sort of transformation similiar to what we saw in the the Stockbroker game a while back, when the internet finally made it possible to easily trade stocks without the help of a broker. Especially as we are seeing a sort of proliferation of regional ‘by owner’ websites popping up everywhere.
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Filed under: Uncategorized — sexton-interactive @ 12:52 am
In an RISMedia news report on May14, 2007 (no author credited), it was reported that The real estate piece featuring Redfin that aired Sunday on the popular television program “Sixty Minutes” prompted broad reaction throughout the entire industry, particularly on real estate related blogs.
The piece had zeroed in on how the world wide web has been changing the real estate community by essentially spotlighting the Puget Sound are discount broker Redfin and it’s founder, Glen Kelman…………………
Kelman has stated that the real estate industry “is the most screwed up industry in America, and we feel like things that Amazon or eBay or Yahoo have done of other industries, we can do for the real estate industry.”
The RISmedia publisher responded to the piec by saying that the television segment “……..misleads consumers into thinking that all their Realtor does is list their property-or only does ‘four hours worth of work’ as the former traditional agent in the piece noted-and they walk away with thousands of dollars for doing nothing. This is a gross misrepresentation of the work Realtors do for their clients to increase the value of their homes and justify their commissions.”