Is The Traditional Real Estate Model Under Pressure?
Asked to comment on changes affecting the traditional real estate model, Stephen Carpenter-Israel, President and Broker of Buyer's Edge, said that the increased use of house hunting websites as well as a recent California Supreme Court ruling on the practice known as "dual agency" are shaking the industry to its core.
Tech Has Led to Increased Demand for Transparency
Over the past decade, consumers' widespread embrace of technology spurred the creation of firms such as Zillow, Trulia, and Redfin. "These online databases disrupted the 'cartel' of the old brokerages that used to monopolize access to