Collapse of Information Asymmetry as Core Value Proposition
#1For 50+ years, real estate brokers monetized privileged access to MLS data, recent sale prices, and market conditions that consumers could not easily obtain independently. Zillow's Zestimate (now sub-2% median error in liquid markets), Redfin's published sale history, and Opendoor's instant offer engine have transferred this information layer directly to consumers at zero marginal cost. AI search interfaces (Perplexity, ChatGPT with web access) now allow any consumer to ask complex market questions and receive synthesized, sourced answers that previously required a professional consultation.