Brokers' value is their network, in a network era they eventually go away it's just taking a while, starting with small ticket items and working upwardshttps://twitter.com/rsohoni/status/1275733385101611008 …
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Yeah that’s not happening in my lifetime. Under appreciated part of this is that the largest asset owners really need to engage a broker to sell something as a fiduciary obligation to their LPs and/or shareholders.
I didn't know that. There are all sorts of things they do besides operate the MLS: 1. Advise 2. Set up appointments 3. Grease wheels for a sale 4. Trade off-market stuff 5. Make markets more efficient by knowing what person X wants etc.