Vancouver Real Estate Podcast VREP #469 | Real Estate's Napster Moment Is Here with Trevor Koot and Jeff King
May 23, 2025
In this insightful discussion, Trevor Koot, CEO of the BC Real Estate Association, and Jeff King, CEO of Greater Vancouver Realtors, tackle the seismic shifts in real estate akin to the Napster disruption in music. They emphasize the role of AI and technology in reshaping market transparency and consumer expectations. The duo discusses the challenges facing realtors, the importance of branding, and the necessity for innovation amidst economic uncertainty. With a balance of humor and expertise, they outline how agents can thrive in this evolving landscape.
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Episode notes
Real Estate's Current Major Challenges
- Real estate faces major challenges including lawsuits, technology disruption, and economic uncertainty.
- Canada risks a prolonged economic malaise impacting the housing market and realtor business.
Realtors as Business Owners
- Realtors' value proposition must evolve as consumers gain access to more information.
- Realtors need to view themselves as business owners, innovating rather than merely adapting to market changes.
Coordinated Adaptation is Critical
- Real estate industry disruption will occur both granularly and radically via technology and new entrants.
- Coordinated efforts among real estate bodies are key to adapting without fragmenting the market.
