I was reading an bright report in this month’s popular Science about some incredible emerging technologies and what they might mean for the future. One of the things that the authors pointed out was that many of these technologies are reliant upon chemicals and elements that the world has tiny way to. As a result, as promising as some of these new energy-saving, futuristic, utopian ideas might be, they’re not scalable because the “ingredients” required to make them commonplace just don’t exist.
THAILAND 2011
Thailand has become well known worldwide for its many attractions. Many attractions can all over the country, offering visitors interesting knowledge of Thai culture to be found uniquely.
For instance, there are numerous Buddhist temples that the tourist can visit to learn about the national religion co Thailand. In Bangkok, the capital city of the country, there are many important temples. One of the most important temples is the Temple of the Emerald Buddha, where a Buddhist image made from a large Emerald is kept. The Temple of Dawn is also in Bangkok on the bank of the chao Phraya River. These are only two of the many important Buddhist Temples in the Bangkok area. There are many more throughout the country.
The lowest line is that while an idea may look great on paper, there are realities that will affect its increase in the future.
Sala Krabi
Consider this for a moment: as I discussed earlier this week, the estimate of active real estate agents in the United States has dropped from roughly 1.4 million as of three years ago to under 1 million today. Of those agents who are still active, less than 3% of them are under the age of 29.
Furthermore, the mean salary for agents who have been in the enterprise for two years or less is 00 a year. What this tells me is that getting new and younger agents into the store is to be very hard in the coming years.
What does this mean for the hereafter of real estate buying and selling? Let’s think out loud for a moment:
Today, the typical Nar member is 56 years old. 3% of all realtors are under the age of 30. 4% of all Realtors are in the middle of the ages of 30 and 34. 22% of all realtors are over the age of 65. As these real estate professionals age and retire who will be picking up the slack at the other end? It’s categorically hard to persuade someone under the age of 35 to take a job where they are going to make far less than if they worked the drive straight through window at McDonald’s.
While home buyers recount a range of ages, most home sales are still made to younger habitancy whether buying their first home, upgrading to a larger house due to a growing family or taking benefit of their increased buying power. We can argue that these younger home buyers are more savvy about what’s complex in finding and buying a new home and may not exactly mesh well with older agents have been doing things pretty much the same way for the past 40 years.
Younger buyers are also more receptive to new opportunities and ways of doing business. My focus for the past few years has been the promotion of alternative recompense models that allow home buyers to take benefit of creative recompense agreements that allow them to buy a home (and for their agents to make a good living) without needing to rely on the street commission offer.
Bottom line is that without new agents in the pipeline, it’s not going to take long before there is a lack of seasoned real estate professionals to pick up the slack.
As a friend once pointed out to me “anybody can point out the problem; the hard part is finding a solution.” This is categorically a hard question to solve. What I would advise is that we strongly consider the value of giving homebuyers and sellers more options when we do enterprise with them.
I’m not suggesting that we totally destroy everything that we have in place but instead that we start to consider what it is that today’s home buyers and sellers categorically want and how we can contribute them with that preserve and empower them so that they can also make/save money while also letting the agents who contribute them preserve do the same.
Alternative recompense agreements are one possibility. By allowing home buyers to pay their agents directly for time and services allows that agent to give up being a salesperson and instead allows them to come to be a real estate buying consultant. Since they get paid directly for their time and advice they don’t carry the full weight and risk of the real estate deal on their shoulders. It also means that any disagreement of interest is greatly reduced because they categorically do work for the home buyers in this instance.
As a consequent of this type of model, and since the agent is already being paid for their time and service, they can offer back their original commission payment to the home buyer as a rebate or discount on the homes of selling price. whether way, the agents come out ahead in that every hour they work can be billable, and for the home buyers, the distinct opening to save money is a huge draw.
We are going to need to start planning now to make the hereafter work. I think we can all agree that the salad days of the early 2000s are probably not coming back again real soon. That said, there is very tiny to keep us from creating models that benefit everybody in a real estate transaction and to allow us to keep bringing value, opening and expert preserve to the habitancy who need it.
A Dark hereafter for Real Estate?
