Technology changes real estate trade
Over the past 20 years, technology has spawned widespread changes in real estate buying, selling and closings, according to lawyer and broker Gary Pickren, guestContinue Reading
Over
the past 20 years, technology has spawned widespread changes in real estate
buying, selling and closings, according to lawyer and broker Gary Pickren,
guest speaker at Capital Rotary’s August 14 meeting.
Pickren
detailed changing roles for agents and attorneys in today’s electronic-driven
marketplace. Agents – once seen as advisors, counselors and advocates for their
clients – now chiefly provide emotional support and keep a transaction’s
progress on schedule.
In
the future, Pickren sees agent compensation moving to a sliding scale instead
of percentage commissions, or becoming an ala carte system based on flat fees
plus extra “menu options.” He said real estate attorneys’ offices today
function more professionally because of consumer protection laws, while lending
a marketing and social experience touch for closing transactions.
Technology
will continue making inroads, leading to more online documents and electronic
closings. In short, Pickren said, “it’s not your grandfather’s law firm
anymore.”
Pickren grew up in Spartanburg and graduated from Wofford College. Since 1995 he has performed real estate closings, taught agents and advocated for all South Carolinians in changing the state’s real estate laws.
Photo: Guest speaker Gary Pickren with Rotarian Gloria Saeed
Over the past 20 years, technology has spawned widespread changes in real estate buying, selling and closings, according to lawyer and broker Gary Pickren, guestContinue Reading
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