Are real estate brokerages going the way of the dodo?

Real estate brokerages have faced their fair share of challenges over the past year — from legal threats and business practice changes, to a slow housing market and the breakneck pace of technological development. With all of these changes and challenges many wonder if we are on the precipice of a brokerage mass extinction event. Panelist Craig McClelland, James Dwiggins, Linda O’Koniewski and Byron Lazine contemplated this question on Sunday at HousingWire’s The Gathering. 

While the panelist had opposing views on many issues, they agreed that two of the largest threats facing brokerages are shrinking profit margins and AI technology. Despite these threats, no one felt that real estate brokerages or agents would be going anywhere any time soon. 

“I think the real…