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Evan Green
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While this is will certainly be disruptive for agents, that is where the industry will eventually end up. The agent model has been disrupted around the world via technology, and simply can't last forever in the UK. The only reason it still exists is due to the compliance and regulatory complexities that have yet to be digitized in a way that is cheaper to execute than the traditional agent model. This is just one step, but eventually, all aspects of the industry (market platform, transaction execution, mortgage, tax, asset management, etc) will be much more efficiently performed through technology. In this state of the world, power will be democratized away from agents and tech will act as the liaison between tenants, landowners, govts., and debt providers. Sorry to say it, but I see far fewer middle-men surviving in this reality...
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From: Evan Green
20 July 2019 11:06 AM