tag:blogger.com,1999:blog-37842825.post116672475306445197..comments2022-11-10T08:45:06.134-06:00Comments on REAL ESTATE, REAL COMPETITION & THE LAW: INMAN NEWS/BLOG – ERROR AND OMISSIONS?MICHAEL H. ERDMANhttp://www.blogger.com/profile/01496568728819068927noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-37842825.post-13359016685227021952007-01-10T12:49:00.000-06:002007-01-10T12:49:00.000-06:00If Inman turns out to be correct, with regards to ...If Inman turns out to be correct, with regards to the prediction that tough markets will lead to a raft of discount brokers going out of business, I think it will be as a result of superstition and innuendo, and not economics.<br /><br />I fully expect brokers will use the oversupply of property in the marketplace to sell the concept that a lack of marketing of a seller's property by discounters is why that seller's property isn't selling...when it is far more likely that the seller is simply priced too high for the marketplace.<br /><br />If exposure is adequate...if ample showings are actually taking place, the problem is PRICE, relative to marketplace conditions. That problem will exist with discounters and "full" service brokers alike.<br /><br />The real problem will be if "full" service brokers fail to tell buyers of discounter properties or otherwise steer buyers away from discounter properties, while claiming to sellers that it is a lack of discounter marketing keeping the property from selling.<br /><br />In that fashion, a flat market could indeed hamper discounter effectiveness, as worried sellers buy into the concept that it is an issuing of marketing, instead of being one of price.<br /><br />Jay Reifert, Broker/Owner<br />Excel-Exclusive Buyer AgencyAnonymousnoreply@blogger.com