America’s real estate industry is one of the most competitive business environments in the world, characterized by low barriers to entry, …
Is this really something that we should be proclaiming as a positive? Dammit. Thanks to Inman for the quote. Thanks to NAR for defending the profession. “It’s really competitive – anybody can do it!” (My quote)
The authors, although misguided in some ways (it seems they wrote the title – “How the Real Estate Cartel Harms Consumers and How Consumers Can Protect Themselves,” and then wrote their report), make some very valid points.
There will likely be some discussion in the next day or so about this report … one question:
Do all brokers offer services of exactly equal value?Â Should novice brokers who have just received their license routinely charge the same prices of highly skilled brokers who have been practicing for decades?
More analysis to come.