Well, sdr, I hope you will do well. There will always be folks buying and selling homes, and there will always be a need for realtors, although the business model will change to more of a consulting role. It’s a change I would welcome too. I will use a realtor for my next purchase, and hope to do it on a fee per service basis.
The main problem is getting sellers to be realistic. Why doesn’t the NAR run a campaign to manage seller expectations? Their whole “spiel” of “housing will go up 5-10% this year” set up seller expectations for continued gains. So their goal of keeping the market going has backfired. The NAR needs to reevaluate their advertising. Until sellers understand the market has changed, transactions will be reduced, and realtors won’t get paid. Put some pressure on the NAR to educate the public!
