With all the “disruptive” technologies around, why have real estate brokerage commissions remained so “sticky”?... No number of disruptive technologies or sexy web platforms has been able to make a dent in the need for a good agent who can maneuver the obstacle course between sticking a sign in the ground and the closing table.
There is a lot of misinformation about the MLS floating around. Most sellers seem to think of the MLS as an almost public entity. They really don’t understand what the MLS is, who maintains it, or even its primary purpose.
As the market is changing from bear to bull, the builders are back and new developments are starting to spring up. So its time to talk once again about the surprisingly tricky issue of visiting new construction sites.
A real estate transaction is seldom a completely smooth ride. This has been particularly true since the financial crisis of 2008. From appraisal issues, to title issues, to unexpected glitches in the lending process, there can be quite a few obstacles between the signing of a contract and a closing. Agents handle many transactions. We've been down this road before and can anticipate the problems preventing many of them from asserting themselves.
Traditionally, it is thought that (real estate agents) fill out a few forms, stick a sign in the ground, throw a listing onto the MLS and disappear. Then we reappear magically at closing to collect a ginormous check.... If it were that simple, homes would fly off the shelf and listing agents as well as buyers agents would have disappeared (a long way back).