[jpmattia]

> This is all a great idea - but state laws wouldn't permit it (I work in the industry).

Uber, AirBnB redux. Provide a service that people want more than one built on cronyism-type relations between entrenched industry and gov't, and the change happens even with the existing law base.

It's not like it's some secret as to how the laws got there in the first place.

[w4]

> Uber, AirBnB redux. Provide a service that people want more than one built on cronyism-type relations between entrenched industry and gov't

Not trying to be a debby-downer here (I'd love to see innovation in the industry), but this would almost certainly get stomped on before it could ever reach critical mass. Uber and Airbnb were able to exploit loopholes in existing regulations, and move quicker than the disconnected, regionally focused incumbents. By the time the incumbents (taxi companies, hotels) caught on, they were left flat footed.

The real estate industry in the United States is a very different situation. The incumbent interests are tightly organized and politically active on a national level. The National Association of Realtors was the third largest spender on lobbying in the USA last year. The only groups that outspent them were the US Chamber of Commerce, and the American Medical Association: https://www.opensecrets.org/orgs/summary.php?id=D000000062

As a result, the regulatory framework in most states highly restrictive and robust. There are few, if any, loopholes to exploit, since the NAR lobbies heavily on a state-by-state basis for uniform, restrictive regulations: http://www.wsj.com/articles/SB112381069428011613

[nsxwolf]

Uber worked because you can be sneaky and give people rides without the government knowing about it. You can't be sneaky about buying and selling homes.

[Scoundreller]

But the real estate agent serves little legal function. I'm not sure if their name will appear on any government document for a real estate transaction.

I see little difference between: A) Hiring a real estate agent to sell my home; and B) Selling it myself while hiring:

1) a photographer to take/post my pictures 2) an answering service to answer a throwaway phone number I create; and 3) a tour guide that does not even know their way around

[cplease]

How are you going to find buyers and get the best price in most markets without listing and offering commission split to the buyer's broker?

The second someone unlicensed starts to regularly interface with other agents, they will get ratted out and stomped on. If you don't interface with other agents, then you are excluding most of the market.

[Scoundreller]

Mostly I was trying to highlight how Uber and Airbnb take a monetary-intermediary approach, while the entire RE industry sits out of the actual transaction itself.

This is probably why I trust the average Airbnb host/Uber driver more than the average RE.

As a buyer, I was never "found". Without representation, I would seek the listing agents directly and have them give the tour. I figure the listing agent would be very eager to earn a bonus/double commission from their selling client, perhaps to my benefit even though I have no exclusive with them.