The conspiring events – softer market, fewer and less-experienced agents, and lower commissions – are all leading us to the same place:
The destruction of the traditional model of residential real estate sales will be triumphed by the unknowing, but it will be the worst thing to ever happen for consumers because agents will be so tempted to tilt the table.
The only savior will be the company that brings home auctions to the masses.
I wonder if in a down market when nobody is buying if buyers agents will make a comeback.
Having all the listings only works if there’s buyers.
Agree!
But I doubt whether a return to the good ol’ days will be possible. The one chance will be if there are brokerages who specialize as buyer-agents, and they ride out the market changes.
Buyers who have no loyalty to their agent have been around a long time. I do agree buyers agents need to up their game. Dual agency needs to be eliminated nationwide.
Dual agency needs to be eliminated nationwide.
You better get a hold of your congressman tomorrow because that train is barreling down the tracks! 🙂