I think Real Estate Brokers will still be around for awhile. The ones who will disapear will be mostly in residential since many of them just get a listing and then put it up on all the property websites/do open houses.

Investment real estate is much more complicated and requires knowledge of P&L's, rent rolls, cash flow analysis, etc. to determin the value of a property. It also isn't as effective as residential to market it publically but needs a more focused marketing style since the large majority of people are not qualified to purchase such properties and fielding their calls from Loopnet takes up more time than its worth. - my opinion as an investment broker with 6 years expierence (I've never sold a house in my life but I've done $34m+ investment property deals so I could be wrong about residential as I am not that familiar with it)


Edited by CREBuyer (09/09/19 02:18 AM)