The Impact of Buyers Paying for Their Own Agents on Real Estate Transactions

This chapter explores the potential consequences of buyers having to pay for their own agents, including the use of AI by brokerages, the negative impact on multiple offers, and the imbalance of power favoring sellers.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Home prices are about to slowly slump, real estate agents get their listings held for ransom, “deflation” concerns begin to grow, and multibillion-dollar lawsuits could change real estate investing forever. In other news, it’s just another day in the 2023 housing market. Some say the sky is falling, others are optimistic, but what do the equally named yet unequally-haired Daves think will happen? Tune into this BiggerNews to find out!

David Greene and Dave Meyer are reviewing some top headlines on today’s real estate market. Whether you love them or not, real estate agents are at the center of this episode as new lawsuits and cybersecurity attacks put their careers at risk. And this is no exaggeration—one of these stories could foreshadow “the beginning of the end” for real estate as we know it, and David has some strong opinions to share.

We’ll also touch on how “deflation” could push prices down as the US economy enters shaky territory and what would have to happen for us to realize this notorious economic event. And if you’re ready to buy or sell a home this year, we have good/bad news for you (depending on what you’re doing) as Goldman Sachs releases their newest home price predictions for 2023 and 2024.

In This Episode We Cover:

The multibillion-dollar lawsuits that could create HUGE hurdles for first-time home buyers

Deflation concerns and whether or not inflation could reverse entirely

Home price predictions and why the housing market could fall flat

MLS (multiple listing service) cyberattacks that are holding real estate agents hostage

Why institutional investors want to END buyer’s agents and take over home buying

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Forums