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re: Article: There are way too many real-estate agents

Posted on 10/18/23 at 8:59 am to
Posted by stout
Porte du Lafitte
Member since Sep 2006
170199 posts
Posted on 10/18/23 at 8:59 am to
quote:

Do people still not have the internet?





People are told that actually getting a house to closing is hard.

Also, there is still a need for agents. Many buyers don't want to deal with directly with the homeowner but that will change if NAR loses its current lawsuit.
Posted by Tiger Prawn
Member since Dec 2016
22591 posts
Posted on 10/18/23 at 9:19 am to
quote:

People are told that actually getting a house to closing is hard.

Also, there is still a need for agents. Many buyers don't want to deal with directly with the homeowner but that will change if NAR loses its current lawsuit.
Most people are idiots that have no idea what they’re doing and would make serious screwups without an agent to guide them. Either they’d get taken advantage of in negotiations or have no clue how to handle the inspection window.

But there’s definitely too many agents. But blame that on brokerages that hire part time agents that are only doing RE as a side gig. I don’t see how they can provide the expected level of service when they’re busy working another full time job and have limited availability for showings, submitting timely offers or counter offers, or being present for inspections. Slow times in the RE market will weed most of those out though
Posted by kennypowers
AR
Member since Mar 2009
535 posts
Posted on 10/18/23 at 10:13 am to
quote:

People are told that actually getting a house to closing is hard.

Also, there is still a need for agents. Many buyers don't want to deal with directly with the homeowner but that will change if NAR loses its current lawsuit.


You're giving the general population waaaaayyyyy too much credit in the realm of literacy(financial or otherwise). This is the biggest purchase most people will take part in during their lives.
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