The end of real estate agents

[Apollo Creed]

Travel agent status

yup. Real Estate is going to be like Ebay.

bid via an app, schedule and send out the appraiser via the same app, fill out the closing paper work via the app and receive the keys digitally through the app.

 

[Bumblebreh]

Automation is dangerous.... coming to a job near you soon

And I will be flabby n retired

 

[jerzboy]

I wonder how this will affect agents that show discrimination when selling and showing listing. Could be beneficial for black folks trying to sell and buy. fukk them racist agents btw

 

[Mordith]

No one who has ever owned a home would think this article is predicting the end of real estate agents...

 

[Ezekiel 25:17]

Time to buy up some stocks

 

[killacal]

If this is true, holy shyt.

Zillow has my home value inflated by about $80k over what the appraiser said last year.

This could be a hell of a come up for some people.

Was your appraiser a cac?

 

[Cynic]

They've been saying this since Redfin and Zillow were launched. Agents are great for sourcing off market deals though.

 

[Steel]

The heavily connected real estate agents will last. The ones on your social media timeline telling you to message them if you’re looking to buy a house will fade out.

Yeah the top end of real estate agents who deal with million dollar homes will be fine. The most affected will be the average agent

 

[Kyle C. Barker]

Be careful what you wish for. That 7.5% fee is higher than the 3-6% you would normally pay

 

[King Frost]

now let's get rid of lawyers and we good

 

[Wildhundreds]

Get rid of all middle men.. All of them.. Fcking leaches.

 

[UpAndComing]

This is laughable



Automation doesn't have access to the MLS to get an accurate price on the house

Automation can't sell your house for you, when buyers are hesitant

Automation can't physically show you 5-10 properties a day so you can get a good feel for the property

Automation can't reduce the stress of a the home or rental buying process

Automation can't smooth things over with the Landlord or Owner when they want to deny your application for whatever reason

Automation doesn't have contacts with Mortgage Brokers that will give you a break, even though on paper you may not 100% qualify for that mortgage



Some things will always need a human touch

 

[Mike Nasty]

Remember the couple last year from San Diego that wired $700k to Hong Kong cause they had no idea what they were doing and couldn't wait for their agent or bank.

Even though we found our house ourselves, we had no idea how anything else work.....and still don't to some extent.

 

[CrimsonTider]

When I bought a house I feel like I did 90% of the work. I searched for all the houses I wanted to see myself. Dude wasn't coming through with mad houses that were off the MLS list or nothing. He was showing me the same houses I already found myself on the apps .
The paperwork and help on certain rules and formalities was really the only value I got out the deal.

Well a real estate agent doesn’t get paid when they help someone buy a house

a real estate agents value is when you’re selling a house it’s where they get their commission

 

[Kyle C. Barker]

Well a real estate agent doesn’t get paid when they help someone buy a house

a real estate agents value is when you’re selling a house it’s where they get their commission

Maybe it varies by state but there is a seller's fee and a listers fee.

The agent that brings the buyer gets the seller's fee (3%) and the agent the agent that listed the house gets a fee (3%).

Buyer and seller help can be haggled with in those fees