{"id":86061,"date":"2019-11-30T05:00:12","date_gmt":"2019-11-30T12:00:12","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=86061"},"modified":"2021-09-12T20:55:03","modified_gmt":"2021-09-13T02:55:03","slug":"real-estate-agents-obsolete","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/real-estate-agents-obsolete","title":{"rendered":"Will Real Estate Agents Be Made Obsolete by 2025?"},"content":{"rendered":"\n

Real estate agents<\/a> are on their way out. How can they save themselves? Why is this so important for property investors to watch?<\/span><\/p>\n\n\n\n

Once upon a time, there was no internet. Real estate brokers had exclusive access to real estate listing data. There was hardly any transparency, scale, or speed in viewing listings, checking comps, and making offers. Everything was offline\u2014and very controlled. Things are completely different now.<\/span><\/p>\n\n\n\n

In a couple of seconds, buyers can see everything on the MLS, as well as online for sale by owners. They can check comps and market trends. Sellers can even get instant offers for their homes.<\/span><\/p>\n\n\n\n

Related: cdsc<\/p>\n\n\n\n

Essentially, many of the reasons that real estate agents were needed or had value have vaporized. It\u2019s not unlike many other jobs. Still, this technology shift in the real estate industry is likely to be one of the biggest and most impactful yet.<\/span><\/p>\n\n\n\n

Related:<\/strong> Is Becoming a Real Estate Agent a Good Path to Investing \u2014 Or a Pricey Distraction?<\/a><\/em><\/p>\n\n\n\n

Disrupted by Technology<\/h2>\n\n\n\n

If real estate agents fail to separate themselves and find ways to deliver value, they will be disrupted and rendered useless by technology.<\/span><\/p>\n\n\n\n

Now, don\u2019t get me wrong. I like and respect agents. I even work with a lot of them<\/a>. Some are very valuable; others not so much. I wish more could save themselves and their careers by seeing how urgent this issue is and making the change while they still can.<\/span><\/p>\n\n\n\n

\"woman<\/figure>\n\n\n\n

There are several ways the real estate industry can do this. One is the old tradition of lobbying, creating new regulations, and using legal battles to protect their turf. <\/span><\/p>\n\n\n\n

There is no question this is happening, and if it is not, it is a tool that should be used. Real estate groups are one of the most powerful, well-funded, and impactful in this area\u2014though chances are, this may not last forever. Look at how Uber and Airbnb are acing those legal battles while disrupting service industries that never innovated.<\/span><\/p>\n\n\n\n

Related:<\/strong> The 3 Biggest Drawbacks of Being a Real Estate Agent in This Day and Age<\/a><\/em><\/p>\n\n\n\n

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Find the Right Agent, Close the Best Deal<\/p>\n\n\n\n

Step #1: Use Agent Finder to match with top investor-friendly<\/strong><\/em> real estate agents to help you find, analyze, and close your next deal.<\/p>\n\n\n\n

\n Find an Agent<\/a>\n <\/div>\n\n <\/main>\n <\/div>\n\n
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Join the community<\/h3>\n\n\n\n

Ready to succeed in real estate investing? Create a free BiggerPockets account to learn about investment strategies; ask questions and get answers from our community of +2 million members; connect with investor-friendly agents; and so much more. <\/p>\n\n\n\n

\n Sign Up<\/a>\n <\/div>\n\n <\/main>\n <\/div>\n\n <\/div>\n<\/div>\n\n\n
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Offer Unique Value<\/h2>\n\n\n\n

The other way to beat this is to strive to offer more value and service. What can you do or offer to add value to buyers, sellers, renters, and agents? Maybe it is a better experience. Or it could be mastering new knowledge or providing more efficiency and profitability than can be achieved alone.<\/span><\/p>\n\n\n\n

Right now, two of the areas where agents still add value is managing all of the old school paperwork and processes and acting as a buffer from liability. Of course, these factors are likely to be streamlined by technology, as well.<\/span><\/p>\n\n\n\n

This is all important to watch for real estate investors, too. To sustain success<\/a>, you have to be using the best and newest technology. You have to anticipate change and strive to offer incredible value beyond just being able to make offers and advertise properties. You also have to operate incredibly efficiently in order to continue to compete.<\/span><\/p>\n\n\n\n

\"ad-agent-directory\"<\/a><\/figure>\n\n\n\n

How are you keeping ahead of these trends?<\/span><\/em><\/p>\n\n\n\n

Let me know your thoughts with a comment!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Once upon a time, there was no internet. Brokers had exclusive access to listing data. Everything was offline. Things are completely different now.<\/p>\n","protected":false},"author":12140,"featured_media":114144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5528],"tags":[],"class_list":["post-86061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/86061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/12140"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=86061"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/86061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/114144"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=86061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=86061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=86061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}