They say that the real estate sector is one of the next areas for disruption because it represents a significant economic activity, many people work in the sector, it’s highly fragmented with the largest business representing single-digit percentages of the market, huge transaction volumes, even bigger transaction values, high prices or commissions, old mindsets, low technology use, and more.
It hasn’t happened yet, and many wonder why.
This @NYT article about the crises facing the largest and most established real estate broker industry association in the US involves both commercial pressures and behaviour issues; suggesting that it is losing its grip on the sector. That’s especially so after the recent Federal Court finding about price fixing conspiracy arrangements and the following damages claim class actions.
So, are these things the beginnings of the disruption that is coming to the real estate sector [in the US and elsewhere]?
Read more about the crises, issues and potential outcomes here …