Just trying to have a friendly discussion here, no animosity, just stating my opinion. I believe everyone has a right to do that, you, Jerry, Jesse, John and anyone else. I just googled “Redfin, Today Show” and was sent here. Didn’t read any specific instructions or participation rules. Didn’t mean to offend anyone.

I think you are missing the point of WEB 2.0. It’s about exchanging information and ideas and having conversations without “taking exception” or “resenting”.

If I as a REALTOR said something, and you had a different opinion, you would simply state your differing opinion without the animosity. Park the attitude at the curb and get into the conversation without the chip on your shoulder.

Glenn said that REALTORS DO overprice homes, so you disagree with him, you have it backwards. Also, our REALTORs do not underprice homes, they always make the utmost effort to urge the sellers to price their homes correctly based on the market conditions and comparables. Despite that there are often unrealistic sellers who insist on pricing their home too high no matter what the realtors advise.

I do agree with one of Mr. Frederick’s comments though. In my experience, realtors don’t overprice homes. They’re more likely to underprice them so they sell quickly. For example, the little bit of extra commission from pricing the house at market value isn’t worth the hassle or the delay to the realtor when the house will sell quicker at 10% below market. My realtors have always been about making a quick score and moving on to the next client as fast as possible. They don’t care how much the client gets for the house. It’s all about volume and fast money.

The fact that realtors are getting to upset about Redfin speaks volumes about how worried they really are!

However, I resent the fact that Mr. Kelman sought to diminish the importance of the role of a REALTOR and that he attempted to convey an idea that is not accurate.

As a group, REALTORS do not encourage clients to overprice their homes. In today’s market it is still a huge struggle to convince seller’s that they can’t sell their homes for what people were selling for 18 months ago.

Finally, the statistics provided on the TODAY show were great but upon further review I see that the stats quoted were 5 YEARS OLD and were related to a regional market, not national numbers.

So in conclusion, stats say whatever you want them to say! In your attempt to hide the timeliness of your numbers you have only reinforced the idea that this is a relationship business.