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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Will Brokerages Exists 10 Year From Now?

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 23 November 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

What do you think? We want to coach you at Wealthy Investor! Book a call with the team here - https://wealthyway.co/yt -- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where Ryan goes over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like our team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9 Looking to grow in your faith and business? Join Wealthy Kingdom today...

Transcript

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0:00.0

I don't see how brokerage is will exist in like 10 years because I don't understand like why would anyone go to a brokerage?

0:10.4

Yeah, so and here's here's kind of my thought on that is that I think

0:16.5

purely from an economic perspective. So what I've watched over the last five

0:21.5

ten years specifically over the last five is specifically over the last five,

0:24.0

is that the cost of sale has risen dramatically

0:27.0

for agents.

0:28.0

Cost of sale,

0:29.0

meaning like the cost to acquire clients

0:31.0

because now you need,

0:32.0

you didn't need to, you didn you need CRMs yeah you didn't need Google ads and you

0:35.8

didn't need you weren't professional photos you weren't paying 33% referral fees to Zillow

0:40.4

or Redfin yeah or all of these companies.

0:42.5

So the cost of sale has gone up dramatically,

0:44.8

which means the nets being compressed.

0:46.3

Oh, yeah.

0:47.3

And you have the sharp-elbowed, very shrewd, unlimited funded tech companies pushing into the space.

0:55.0

Yeah. And they're taking, imagine you doing business and they come to the table and they're like, hey, we want 30 to 40% of all the money.

1:01.0

Deal with it.

1:02.9

That's what they're doing.

1:03.6

Yeah.

1:04.6

In conjunction with, you know, there's just lawsuit

1:07.1

with commissions at the moment.

...

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