{"id":88,"date":"2006-07-14T12:32:27","date_gmt":"2006-07-14T19:32:27","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=88"},"modified":"2006-07-26T22:20:37","modified_gmt":"2006-07-27T05:20:37","slug":"in-the-21st-century-world-of-real-estate-nothing-says-roadkill-like-a-dead-dinosaur","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/88\/in-the-21st-century-world-of-real-estate-nothing-says-roadkill-like-a-dead-dinosaur\/","title":{"rendered":"In the 21st century world of real estate, nothing says ‘roadkill’ like a dead dinosaur . . ."},"content":{"rendered":"

Why do velociraptors no longer roam the earth? Because they couldn’t change. For all their ferocity and intelligence, they were not able to adapt to their changing world. Not able<\/i> because they were not blessed with the human triumph of will, they couldn’t want<\/i> to change, and so they became extinct.<\/p>\n

What’s a Realtor’s excuse?<\/p>\n

In today’s world of Web 2.0, disintermediation, and DOJ scrutiny, anyone in this industry who doesn’t believe the real estate business in the 21st Century is going to be dramatically different from the last century is going to be in a world of hurt. The only way to survive will be to embrace that change.<\/p>\n

Ardell DellaLoggia started an excellent thread on Seattle’s Rain City Real Estate Guide<\/a>, where she has a conversation about buyers’ reps changing their worldview on buyer compensation.<\/p>\n

Clearly, the Buyer Agent truly treating the buyer as a client, is the key to the future of our industry. As long as agents continue to think that the seller is paying their commission, when they are representing a buyer, they will continue to treat the buyer as a second class citizen in the real estate transaction.<\/p><\/blockquote>\n

Be sure to read the entire thread to get the most out of it.<\/p>\n

But, closer to my own heart is Allen Wright’s post on RealBlogging<\/a>, which also recommends we re-evaluate the method of Realtor compensation. Closer to my heart because he asks the essential question:<\/p>\n

As a real estate professional maybe we should take a step back and ask a more serious question, “What value-added-service am I providing?”<\/p><\/blockquote>\n

I like being in a commission based industry. I like being paid for my results, not just my efforts. There are 1,200,000 of us all expending some<\/i> type of effort, a consumer might assume. But who is actually creating value<\/i> for his clients through that effort? <\/p>\n

Some business models such as discount service brokers and the Redfins of the industry have answered this question by saying “we’re not<\/i> going to give you added value, but we’ll give you what you have come to expect from Realtors for less than Realtors typically charge.” For some consumers, this Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Why do velociraptors no longer roam the earth? Because they couldn’t change. For all their ferocity and intelligence, they were not able to adapt to their changing world. Not able because they were not blessed with the human triumph of will, they couldn’t want to change, and so they became extinct. What’s a Realtor’s excuse? […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,7,5],"tags":[],"class_list":{"0":"post-88","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-disintermediation","7":"category-enduring-interest","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2707,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2707\/no-more-web-sites-in-the-remarks-section-armls-drops-the-hammer-on-the-one-little-bit-of-the-21st-century-it-was-getting-right\/","url_meta":{"origin":88,"position":0},"title":"No more web sites in the remarks section? ARMLS drops the hammer on the one little bit of the 21st century it was getting right","author":"Greg Swann","date":"March 6, 2008","format":false,"excerpt":"I read about the outlawing of web site URLs in listings on the \"Welcome to Tempo\" page of the Arizona Regional Multiple Listings Services (ARMLS), but I wasn't certain it meant what it seemed to mean. Since I have been a Realtor, we have promoted our single-property websites in the\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":217,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/217\/i-think-this-my-be-the-more-interesting-redfin-news\/","url_meta":{"origin":88,"position":1},"title":"I think this may be the more interesting RedFin news . . .","author":"Greg Swann","date":"August 16, 2006","format":false,"excerpt":"Founder David Eraker to Leave Redfin. It certainly couldn't be because he was acting too much like a hard-headed real estate broker... Technorati Tags: blogging, disintermediation, dual agency, real estate, real estate marketing","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":556,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/556\/memo-to-a-boy-and-his-dog\/","url_meta":{"origin":88,"position":2},"title":"Memo to a boy and his dog . . .","author":"Greg Swann","date":"October 20, 2006","format":false,"excerpt":"I think you're twice a fool. We're coming after our competitors on price because we already have them beat on service -- and you know it. The farriers made your argument a century ago -- with the same result. Technorati Tags: arizona, arizona real estate, blogging, compensation for buyer representation,\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2373,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2373\/unchained-melodies-tonight-will-be-fine\/","url_meta":{"origin":88,"position":3},"title":"Unchained melodies: Tonight will be fine","author":"Greg Swann","date":"December 14, 2007","format":false,"excerpt":"Country-rock romance, great covers of great song-writers. Start with Leonard Cohen's Tonight will be fine covered by Teddy Thompson: Next, a buried treasure. Bobby Darin was an amazing talent who couldn't manage to fit in anywhere. This is his cover of Tim Hardin's If I were a carpenter: Finally, Glenn\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":270,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/270\/disintermediation-defenestration-its-all-good\/","url_meta":{"origin":88,"position":4},"title":"Disintermediation? Defenestration? It’s all good . . .","author":"Greg Swann","date":"August 31, 2006","format":false,"excerpt":"If, like me, you are stuck using Windows because dipsh*t developers write websites that are Microsoft Internet Explorer only -- such as the Arizona Regional Multiple Listing Service's Tempo system -- rejoice in the arrival of Crossover for the Macintosh. It's a WINE environment that permits you to run a\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":547,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/547\/real-estate-commissions-one-size-does-not-fit-all\/","url_meta":{"origin":88,"position":5},"title":"Real estate commissions: One size does not fit all . . .","author":"Greg Swann","date":"October 17, 2006","format":false,"excerpt":"Northern Virginia Real Estate Guide has further thoughts on tailoring real estate commissions to fit the task. 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