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#461616 - 06/05/18 02:43 PM Future of Real Estate
DJM Offline
Member

Registered: 07/21/14
Posts: 42
Loc: Massachusetts, USA
All, the future of real estate seems to elude me, so I would like your opinions on something. With knowing exactly what it will be like as a Real Estate Agent, or Real Estate Broker, which would you choose to pursue and why? If you had a choice that is? What do you all think being a RE Agent & Broker will be like in say 10, 15 or 20 years from now?

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#461620 - 06/06/18 05:22 AM Re: Future of Real Estate [Re: DJM]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7858
Loc: Vermont's North-East Kingdom
I'm not a clairvoyant (in fact, I'm now retired) and you've been observing this industry for 4 years or more yourself; so your observations would be just as accurate and valuable as mine.

In a little over 30 years, I have watched the growth of more State and National Regulation following the S&L Banking Crisis of the mid-1980s and the growth of national consolidators like Zillow and Trulia together with the advent of the internet while our local control of the MLS receded or was then completely surrendered. We still provide the data at the local level; but increasingly, we have lost control of who it is sold to afterwards, and now have to pay others to use it.

Further inroads into Commission reductions and Referral Fees by FSBO organizations and Lead Aggregators like Homelight take advantage of our individual decision making, while the National REALTOR Organization is increasingly helpless in defending against such incursions.

Agents need to know what the trending tidal movements are on a national scale and resist the temptation of giving away the bulk of their income to remote organizations which beckon them with easy sources of information which they could work to obtain themselves . . . . but they won't.

Maybe someone else foresees systemic improvements for the individual Agents in the industry . . . . but I see the future as fairly bleak.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#461628 - 06/07/18 09:17 AM Re: Future of Real Estate [Re: DJM]
estatereal Online   content
Major Contributor

Registered: 01/27/07
Posts: 3184
Loc: LAND OF THE FREE!
i just received a 5k commission check from someone for being an advisor...

long story short

seller found buyer
buyer had agent
all was smooth
bump was hit (as always happens)
agent was needed.
they came to me.....
i said, you already have contract etc....
i said, i can advise (had agreement for this)
got paid 5k for advice
house closed

bottom line, deal would not have closed without me due to everyone being past thier breaking point...if i were there from day 1, knowing what i know after the fact, i would have had it done without them even loosing any sleep......i came in after deal blew up..put it together....got them where they wanted to go...got paid 5k.....did not even touch a single doc..just advised and instruction was headed...outcome positive....deal done


tehre are so many moving parts and the 1 thing that computers cannot help are peoples emotions..until you have people with no emotions who are 100% logical and 100% rational, ethical, cool headed, willing to work to make a bridge with the other party instead of a wall...as soon as you can get that, we are out of business...but due to the nature of a human bean, it is not going to happen...

for me.....this year...best year ever....

it can be your best year too if you want to figure it out and put in the time.

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