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re: Theres nearly 1.6 million Realtors and rumor is 800K have not closed a deal in 8 months
Posted on 11/11/22 at 9:18 am to stout
Posted on 11/11/22 at 9:18 am to stout
I've noticed a trend (mostly women) that people who seem to have nothing going for them will suddenly post how they're a realtor now. Is realty a plan Z for people or what?
0
Posted on 11/11/22 at 9:19 am to stout
Thankfully realtors are really good about keeping an emergency fund and not overspending, buying Mercedes and taking extravagant trips etc when times are great.
Posted on 11/11/22 at 9:19 am to stout
A ton of realtors are not full-time working in real estate.
They have a day job and have their license as a side hustle to sell a house for a friend occasionally.
They have a day job and have their license as a side hustle to sell a house for a friend occasionally.
Posted on 11/11/22 at 9:22 am to stout
i have a friend that is a mortgage lender in TX. during 2020 and 2021 he was having about 6-10 closings a months. he didn't have any closings in October.
recession fixina eat.
recession fixina eat.
Posted on 11/11/22 at 9:22 am to stout
Paging Paul Allen…
Are housing prices going to stay stable or keep going up because of a lack of supply?
Just want to see if that is still the current prediction
Are housing prices going to stay stable or keep going up because of a lack of supply?
Just want to see if that is still the current prediction
Posted on 11/11/22 at 9:22 am to stout
I don’t see why not. If you do a deal once every two-three months that is an extra $12-50k in your pocket?
Posted on 11/11/22 at 9:23 am to stout
I know a LOT of white suburban wine moms who have a real estate license but haven’t had a listing and/or sale in forever.
But they tell people they’re a realtor. Mmmhmm. Right….
But they tell people they’re a realtor. Mmmhmm. Right….
This post was edited on 11/11/22 at 9:28 am
Posted on 11/11/22 at 9:24 am to stout
Even in good times there are a lot of agents that don’t close deals. Maybe not half but a very large portion.
Posted on 11/11/22 at 9:25 am to justaniceguy
quote:
If you do a deal once every two-three months that is an extra $12-50k in your pocket?
There are dues to the NRA, dues to your local board, E&O insurance, you have to pay to access the MLS, and fees to take the continuing education to renew every year. Some of them are lucky if they break even after only doing 1 or 2 deals a year to their friends and family.
Posted on 11/11/22 at 9:26 am to dyslexiateechur
quote:
I’ve had a house on the market since June. Basically the week I listed the market went kaput and the little remaining strength was occupied by a bad faith contract where the woman knew her taxes weren’t reflecting all her income.
i got a new job that required me to move in October 2008. put in my two weeks and listed my house.
sold it in 2013.
This post was edited on 11/11/22 at 9:27 am
Posted on 11/11/22 at 9:26 am to stout
They all made bank for 2+ years. Same as mortgage lenders. If they were smart, they are rich.
Posted on 11/11/22 at 9:28 am to stout
If you speak fluent Spanish you are doing just fine around BR for now
Posted on 11/11/22 at 9:29 am to 3nOut
Oh god that’s my worst nightmare.
We’re fixing to just rent, which I really really don’t want to do.
We’re fixing to just rent, which I really really don’t want to do.
Posted on 11/11/22 at 9:29 am to kywildcatfanone
quote:
They all made bank for 2+ years
No they didn't. Nothing changed in the fact that the top 10% of Realtors are still doing nearly 90% of all transactions. There's just a ton of people jumping in thinking they were going to be the 10% when in reality it takes years to reach that. Next year, if things stay the same, we will be closer to 1 million Realtors again.
Posted on 11/11/22 at 9:30 am to kywildcatfanone
quote:
They all made bank for 2+ years. Same as mortgage lenders. If they were smart, they are rich.
Yep times are a little different currently. Going to be an interesting market to watch play out.
Posted on 11/11/22 at 9:33 am to stout
I still don’t understand why listing prices are so high though. In my area of Mississippi the average listing per sq ft was higher than last month. I feel like realtors are still propping up these prices being asked even though they aren’t selling
Posted on 11/11/22 at 9:34 am to stout
Posted on 11/11/22 at 9:35 am to stout
I image a large percentage of “active” realtors have other forms of income… it’s more of a side hustle and not bread winning…. But idk.
Posted on 11/11/22 at 9:35 am to Civildawg
Because sellers and their realtors are using comps for recently sold houses in the last 3 months. It's going to start slowing down unless interest rates make a rapid drop. It's not sustainable.
Posted on 11/11/22 at 9:40 am to Y.A. Tittle
quote:
Few months ago, sort of seeing the writing on the wall as to what was coming down, but while interest rates were still relatively favorable, made a somewhat lowball offer on a NO house, only to be cackled at by one of the resident NO realtor biddies as if she was SOOOO insulted and we were just out of OUR minds. Owner wouldn't even counter.
House is still sitting there now listed for LESS than what we offered, with current interest rates now making it all but a non-starter.
This is why schadenfreude exists
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