When will real estate agents become extinct?
Do you see a time coming good when everyone will be a
for sale by owner by default, because commissions got so low
that everyone got out of the business. That's how its getting here
in Chicago. Discounters have it down so low that it absolutely isn't
even worth the bother and headaches of listing. They are discounting down to $1400 a deal list wise. To me, it isn't worth
getting crabby calls for 45-60 days from sellers, and all the loan
and other problems, let alone showing the house constantly, for
$1400 dollars. At that point, not even worth doing for side money.
I wonder how many agents are saying enough already, getting sick of seeing desperate teeeming masses of new agents dropping commissions lower and lower, and getting out of the biz
altogether. Once everyone FSBO's, no one will save money cause
there is nothing to compare it to, and prices will find their own
new level. SImilar to when gas went self-serve.
Answer:
never happen. too many laws the FSBO's don't know about. everyone will get sued. experienced agents know the market is cyclical, and will get better Other Questions and Answers: