Greg Eckler of
Denver Realty Experts wrote a column about applying Amazon's "everything store" model to residential real estate for
Inman News.
Excerpt:
Based on this scenario, we see small local bookstores (and large chain bookstores, eventually) going out of business. I expect this to happen in real estate, too.
When this shift happens to real estate, low-producing agents will be the first to go. These are agents who are trying to make a living but just aren't successful in today's market. If commissions were to drop, they wouldn't be able to hold on; they would need to merge into a new business model or leave the business.
Read the rest
here.
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