by: Chad Boge

Are Real Estate Agents the Right Professionals?

The existing broker/agent business model has been in place for over a century as the National Association of REALTORS® (NAR) was originally founded as the National Association of Real Estate Exchanges back on May 12, 1908.

The broker/agent model brought value to the industry for many decades, but today it's simply an old-economy business model that is broken and struggling to stay relevant. It's outdated, expensive, and no longer serves the consumer's best interest.

The value proposition offered by the traditional agent has decreased significantly over the last 10 years. At one time, a real estate agent was the local expert with years of accumulated experience. They were the people you trusted to help sell your home. However, the list of seasoned agents is shrinking and the low barrier of entry to become an agent has remained unchanged, bringing in a greater number of less qualified candidates.

Each year, thousands of agents enter the industry and 80% of those agents choose not to renew their license after their first two years. This has been the scenario for many years and has led to a growing lack of expertise and professionalism in the industry today.

The developing business world has significantly reduced the value proposition of the traditional real estate agent. There are other real estate professionals - certified appraisers, certified/licensed home inspectors, and real estate attorneys - with significantly more education and experience than a growing percentage of today's real estate agents. When a team of more qualified professionals is matched with a more relevant, modern business model, home buyers and sellers can receive a higher level of service at a fraction of the cost.

FSBOHOMES is the way selling a home should be. We designed a simple, modern process to sell homes quickly and help homeowners save thousands of dollars. We provide a team of local qualified professionals to guide sellers from pricing to sale, a better strategy to find the right buyer, and a streamlined offer process with attorney services to get it done right.

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