Category: Brokers

It’s not the fee, it’s the split

6 July, 2012 (10:09) | Brokers, consumer protection, Disclosure, home sales, Homeownership, RESPA, Supreme Court |

By:David A. Smith   Any time we do something infrequently that others do every day, we’re at an information disadvantage that the experts can exploit against us – that is, if they’re unscrupulous.    Don’t judge a crook by his painter? Todd White’s The Unscrupulous   All consumer-protection statutes thus take as their basis the […]

Month in Review, March 2011

20 May, 2011 (10:08) | Admin, Apartments, Brokers, Cities, Demographics, Markets, Month in review, Municipal Finance, New New Orleans, Predictions, Speculation, US News |

By: David A. Smith   [Previous Months in Reviews available here: [Feb 11, Jan 11.]   The month’s highlight was my unequivocal prediction, bold or foolish as it will prove to be, that we have reached the hard bottom:   Make it so?   The US single-family residential market has hit bottom.  You read it […]

Pity the poor broker? Part 2, the Army of Davids

4 March, 2011 (09:06) | Brokers, Consultants, Homeownership, Housing, Innovations, Markets, New York City |

[Concluded from yesterday's Part 1.]   By: David A. Smith   Yesterday’s post about the demise of real estate brokerage, using as our text a recent New York Times article, You Don’t have to Pay It, showed that, via the internet, the broker’s business model – predicated on a high-capital-cost infrastructure model – has been […]

Pity the poor broker? Part 1, the business-model implosion

3 March, 2011 (15:29) | Brokers, Consultants, Homeownership, Housing, Innovations, Markets, New York City |

 By: David A. Smith   If you’ve ever thought of being a real estate broker, you will be disabused by a critical perusal of a recent New York Times article, You Don’t have to Pay It, which describes an industry undergoing a business-model collapse not unlike that which has struck print media.   The poor […]