4 Responses to “Allan Dalton is … really annoying” »»

1. John A Keith
   Comment by John A Keith | 10/30/06 at 10:09 pm

   A couple things I just realized are

   why Realtors etc. are afraid.

   First, the Realtors who are afraid, are old, suburban, and,

   perhaps, lazy. Look at the video. When they get to the question and answer period, the people who

   ask questions are like 50 years old, and based on looks, they are suburbanites (everyone’s about

   25 lbs overweight, bad haircuts, etc.).

   Second, the Realtors are afraid because they are

   still focused on servicing sellers. They are focused on getting the highest prices possible for

   their clients (wouldn’t we all want the same, if we were selling?).

   Zillow.com, etc., is,

   of course, focused on the consumer - the buyer - if a zestimate comes in low, of course the seller,

   and his or her Realtor, will freak out. Yes, the zestimate may be inaccurate, but really, just

   explain your price, if you’re the seller.

   Oh, right, you can’t.

2. Chilipepr
   Comment by Chilipepr | 10/31/06 at 10:29 am

   John,

   I think you hit it on the head… the NAR is completely focused on the

   Seller…. I still think you suggestion about flat fees and buyer’s broker “retention” fees are

   the way of the future.

   Large transactions, like buying a house, often require two brokers.

   The NAR has always focused on the Seller because that is where they make the money.

   Imagine

   if the NAR came out and said: “We are reducing our standard commision to 3%, but we will no longer

   split with a BB and we only represent the seller. If a buyer would like representation in the sale

   they can hire their own BB for 3% or $XX.”

   Wonder what would happen?

3. EndTable20
   Comment by EndTable20 | 10/31/06 at 1:12 pm

   “Allan Dalton

   is the new chief of Move.com, which, like Realtor.com, is run by the National Association of

   Realtors (Move.com is a publicly traded corporation).”

   Actually, Move, Inc., is a publicly

   traded corporation which produces and manages the Move.com and Realtor.com web sites. The

   Realtor.com domain is owned and overseen by the NAR; the Move.com domain is not, but is affected by

   some of the Move-NAR operating agreement rules.

   Otherwise, some very good points I’d like

   to see Move and Mr. Dalton more directly address. But I’m not holding my breath.

   “NAR and

   everyone else is scared to death that their commissions are going to disappear.”

   No,

   they’ll just be forced to price competitively, just like every other industry does.

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