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100%. Realtors are the most overpriced service provider. 90% of a realtors time is spent trying to find clients. Actually helping a client buy or sell a house is less than 10%. There’s such a low barrier to entry. Anyone can be a realtor. Let’s say you are a realtor and buy or sell 10 houses a year. That puts you in the top 10% of realtors nationally. If the average transaction is $700k, you make $175k, some large amount of which goes to your broker. My last home purchase took probably 10-15 hours of my agents time. Let’s say the average is 4x that. 60 hours. On the selling side, let’s say the agent spends 30 hours to sell a house. If agents do half buying and half selling, that’s 450 hours. All the rest of the year is just trying to find a client. And that’s for a top 10% agent. Real estate agents would be best served by raising the barrier to entry. If there were 60% fewer agents, the system would be so much more efficient and agents could charge less.
I do see the value in pricing strategy, negotiation, and deal management, but I think a lot more sellers are starting to question if the fee structure still makes sense today.
I mean unless you have a really unique property zillow / redfine do this for free and are like 96% accurate
So how do you address this as a seller? Negotiate fees with your agent / put limits on what youre willing to pay Buyer agents?