Real estate agent-owned homes are on the market longer and sell for more (2005)
Why can&#x27;t we get rid of Real-estate agents all together? Snipping off 3% of the house sale price is a ridiculous fee for shuffling some documents around and pretending to be acting in my interest. What&#x27;s stopping Redfin&#x2F;Zillow or SV tech scene to disrupt this arcane industry?<p>I haven&#x27;t purchased a home before, but it seems like most things such as discovering homes, securing loans, touring the place, inspection, sending offers, closing and signing the deed - is very much automation-ready. There must be some reason.<p>Edit: I got a real estate agent to kick off house search from Redfin. We had a zoom call, he looked at what I&#x27;ve added as favorites and basically didn&#x27;t do anything useful or provided anything more than what&#x27;s already on Redfin wesbite. We browsed some homes together and had a bit of small talk. I didn&#x27;t go as far as putting down the offer but why do I need to do this bullshit with a real estate agent? It&#x27;s frivolous and unnecessary. May be he would be useful later down the process? If you&#x27;ve bought a home, would love to know what parts of that process are ripe for automation.