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I was listening to Patrick M. Byrne on a podcast today, he was saying that there is a sea change going on in all centralized authorities. This was because centralized authority was necessary in the past to authenticate transactions. But with today's technology that is totally possible on a pier to pier basis.
Besides the centralized authorities have proven themselves to be less than bona fide.
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I can't understand why a home owner should pay a realtor 6% +/- in commission to list his/her home.. On a home that is value at $500K that's $30,000 out of your pocket (WOW).
Being a developer, I would like to develop a platform to help out the little guys.
So, if anyone here on patrick.net has any great ideas,I would like to hear them.
I would be open to give the person with the best idea 20% of company. Let get rid of NAR and their realtors..
#housing