Reply to How many years until realtors are replaced by Redfin/Uber/Zillow/etc?

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[quote=Anonymous][quote=Anonymous]Redfin? Probably never. It's been how long, they have under 1% of the market, are not profitable, and will go the way of pets.com shortly.

Doesn't mean that this market won't change drastically - maybe google has something in store. Or amazon. But housing is not a commodity market.

I'll answer a different way - real estate sales will change 10 years after car sales change, and I have no confidence that will be while I or my kids are alive.[/quote]

Can you explain this?  I don't see how they are similar but I don't have much experience with car sales and could definitely be missing something.  The real problem with traditional realtors is that their compensation structure actually puts their interests adverse to the person who has hired them.  In theory, the realtor's role is - or at least should be - more akin to a lawyer or business consultant than a sales person [i]to the person they represent[/i], so making them an interested party in the transaction instead of paying a la carte for whatever services are rendered doesn't make much sense.  How is that the same as car sales?[/quote]

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