Why the real estate business is due for a collapse

I don't have anything against realtors and, were I planning to stay in the country for more than 6 months, I would be working towards getting my license. But I still think the industry is headed for a major shakedown, and let me explain why.

Loss of their information monopoly. It used to be that the only resource for real estate information was through a real estate agent. However as more and more listings appear online and more and more websites appear to centralize this data, it becomes a lot easier for buyers to locate homes on their own. While real estate agents used to be the only people who knew enough about the recent comparable sales to evaluate a property, new tools like Zillow make it easy for anyone to access that information. And while most people will only make a few real estate transactions in their lifetime (thus they rationalize the need for an "expert"), columnists and blogs (like this one) are demystifying the purchasing process, and showing how it's no more difficult to buy a home than a car (and you don't have agents help you find cars).

In addition on the selling side, marketing has constantly gotten better and cheaper through the advent of the internet. With on-line postings getting such a wide audience, the need for a specialist to do this for you has shrunk considerably.

The flood of inexperienced agents over saturating the market. The one thing that real estate agents had going for them was the moniker of "expert on buying and selling homes". However with insane numbers of people becoming agents, this is rapidly losing it's credibility. In Miami there is one realtor for every 17 people! The result is that many buyers and sellers get stuck with terrible "experts". When Biff and I bought our first property we were saddled with a terrible agent. Not only did our agent do a terrible job at locating properties we'd be interested in (we ended up finding the house on our own) but she made some really stupid mistakes, like trying to use white-out to alter a typo in a legal document! Biff made her go make a fresh print of the document. And she still got her cut of the purchase.

Ethical considerations. Most real estate agents will go crazy at this one. They swear up and down that they are acting strictly in the best interests of their clients, especially the buyer's agents who get more money if their client spends more. But no one believes them because evidence to the contrary comes out all the time.

In the Detroit suburb of Commerce Township, seller Courtney Tursi is offering a two-year lease on a BMW X3 SUV to the agent who finds a buyer for her contemporary, two-level, four-bedroom, 3.5-bath lakeside home at the end of a private street....... "I said, 'You know what, Courtney, this will get more people to look at the house,'" Waquad says.
If agents were truly looking out for their clients interests, incentives for buying agents (like larger commissions or a BMW lease) wouldn't increase the chance of selling a property. But research shows time and time again that these incentive do work. (In the above example the house in question recieved more inquiries, though not more visits)

In the book Freakanomics, Stephen Levitt ran some numbers to see if real estate agents sold their homes the same way they sold other peoples. According to his research, realtors hold their own homes for 10 days longer than average and sell for 3% more than average (not to mention they keep their 3% commission). His explanation was simple, holding out longer for the bigger price is typically only worth a couple of hundred extra bucks for the realtor (and therefore not worth the delay), even though it could result in tens of thousands of dollars for the seller.

Real estate agents are rapidly on their way to becoming the next used-car salesmen. No one likes them, everyone distrusts them, and no one wants their kid to grow up and become one. An industry based on information brokering can only last for so long when the public doesn't trust them.

Now all of this doesn't mean that I think real estate agents are going away. But I think that their roles will be changing and their fee structures will be going down like the Titanic. Right now that's near impossible given the sheer number of agents who milked the boom dry. But the next couple of years, with the sales going way down, will hopefully wean most of the weak agents off the market. And then the industry can move towards the future.

2 comments:

梁爵 said...

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梁爵 said...

2021.01.05酒店打工 酒店工作內容
一般來說進酒店工作有二種方式:
第一種路徑:
自己Google搜尋找酒店經紀幫妳分析(如適合哪種店家或酒店上班市場現況分析或造型調整方向以及心態適應等..)
第二種路徑:
自己姊妹朋友之間的介紹,但酒店經紀專業與不專業,好與不好….百分比各50%
1、不論是自己Google找經紀或朋友介紹,酒店打工在職前都會有行政或是至於你適合哪種店家就要依照你的條件能配合的上班時間 (【酒店小姐】【酒店公關】學姊們教你
所以不用擔心「沒經驗什麼都不會怎麼辦」的問題~(因為大家都是從沒經驗開始,妳跟目前在職上班的小姐沒有不一樣)
2、新人除非有超好的天份,否則酒店兼差前三天屬於適應期因此不必太在意得失心要給自己和店家一點的時間
3、確定要去某間店上班前,一定要了解這間店的文化,及自已的酒店工作內容
4、了解這間店的細節規定,才不會莫名其妙被扣錢!
5、出勤正常,不要遲到,(如遲到一分鐘可是扣50元!)
6、不要讓自已喝醉!!和客人拚酒是最傻的行為,雖然喝酒難免,但能閃則閃,保持自已清醒才是安全又健康的!。很多人想到酒店上班,卻沒有良好的管道。梁曉尊的網站提供大家可選擇的管道!女孩們在與曉尊用LINE對話 或者利用留言版留言時,我們的回答總是簡單且衷懇的。我們成立這個網站,是想揭開這行神秘的面紗,當然也希望招募到優秀的人員。所以我們的回答絕對是符合妳的期待。