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Real Estate
Reply to "How many years until realtors are replaced by Redfin/Uber/Zillow/etc?"
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[quote=Anonymous]It will happen within one generation. Many of the current buyers and sellers were adults before the Internet. Therefore they probably bought or sold property when it truly was necessary to use a realtor. However, the current generation did not and will begin to become confused as to what the role of an agent is and why they are earning such a huge profit when the buyer/seller is doing the majority of the work in many cases. The industry will eventually change where you can pay to have someone search for a home or provide advisory services. The actual process of placing an offer and a standard search will not require an agent earning 4-6 percent. [/quote]
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