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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 11:54 am to AlumneyeJ93
Posted on 11/11/22 at 11:54 am to AlumneyeJ93
quote:
Temple, Texas. made me think of this great NCFOM scene.
ironically, i live there now, but couldn't have pointed it out to you on a map before i moved here. didn't even know it was in the movie and i loved the movie.
completely ungermane to the topic at hand, the chicken farmer that Anton kills was my mother in law's cousin. she wanted to see it because he was in an oscar winning movie. she didn't enjoy the movie or her cousin's ending.
and in another ironic twist, when my wife and i were engaged and doing wedding invitations, we noticed the aforementioned actor was on both my parents' and my in-laws list to send invites to. My wife and I didn't know who he was. We called my mom and she said he was her next door neighbor growing up. called my MiL and said it was her cousin that she had kept up with. there was a brief moment where we thought we were about to Alabama ourselves.
0
Posted on 11/11/22 at 12:03 pm to bayoutiger225
quote:
Real estate agents typically make 3% per transaction right?
Typically
Listing Broker 1.5%
Listing Agent 1.5%
Selling Broker 1.5%
Selling Agent 1.5%
Posted on 11/11/22 at 12:04 pm to SDVTiger
quote:
Most realtors do max 1 deal a mnth If you do 2 a month you are top in the nation
End of last year, first of this year my realtor was closing 3x a month in Atl. Took forever to get attorney appointments. Now..crickets.
So many realtors are side gigs, bored housewives, or retired folks just keeping a license.
I bet 50% of those are actually full time and active.
Posted on 11/11/22 at 12:05 pm to Big4SALTbro
You don’t need to be a realtor to sell your own house.
Posted on 11/11/22 at 12:26 pm to kciDAtaE
quote:
Half of them don’t really work anyway
This.
I’d say a majority of licensed realtors aren’t actively working in real estate.
Posted on 11/11/22 at 12:49 pm to stout
At least they don’t have to worry about their student loans anymore.
Posted on 11/11/22 at 1:09 pm to stout
There is an immense number of crappy realtors/house flippers out there.
I started looking at houses in the spring and through the summer and went through a ton of open houses. Some of the realtors in the homes were very personable and knew everything about the house they were selling. You could tell that they were professionals in their field.
Other homes that I visited the realtors were just either lazy or dumb. They could not even answer some basic questions about the house they were trying to sell (like what are the taxes, who is responsible for the broken fence, etc). They would say it's on the listing website or some other lame answer. Or they would sit around playing on their phone in shorts and tennis shoes.. These people were doing a disservice to the property owner. Those are the ones that are being purged during the current downturn.
I started looking at houses in the spring and through the summer and went through a ton of open houses. Some of the realtors in the homes were very personable and knew everything about the house they were selling. You could tell that they were professionals in their field.
Other homes that I visited the realtors were just either lazy or dumb. They could not even answer some basic questions about the house they were trying to sell (like what are the taxes, who is responsible for the broken fence, etc). They would say it's on the listing website or some other lame answer. Or they would sit around playing on their phone in shorts and tennis shoes.. These people were doing a disservice to the property owner. Those are the ones that are being purged during the current downturn.
Posted on 11/11/22 at 1:21 pm to stout
When you wrote this did you really expect people to believe it ? Does 25-30 per month sound realistic to you ?
Posted on 11/11/22 at 1:30 pm to Bermuda99
If you’re a broker, your agents under you provide you half the commission on all their sales. It’s not that difficult to understand. Clearly this realtor is the broker at a very successful firm.
Posted on 11/11/22 at 1:35 pm to stout
Most of those "realtors" just have a real estate license, but work in some other industry as their day job and moonlight as a realtor every now and then.
Posted on 11/11/22 at 1:55 pm to stout
To the best of my memory, before the turndown in 2008, the Greater BR Association of Realtors had ~3200 members and that number dropped drastically ... maybe by 50 - 60 percent.
Posted on 11/11/22 at 3:06 pm to stout
I for one welcome a purge of my industry. Same thing happened in 2008. It was great for almost 10 years after looking forward to putting in another 10 years and riding off into the sunset
Posted on 11/11/22 at 3:32 pm to stout
We are flooded with new realtors at the beach...just like 2006...many will be elsewhere next year.
Posted on 11/11/22 at 3:33 pm to stout
Because it is an outdated job.
Posted on 11/11/22 at 3:42 pm to stout
I’ve bought and sold most of my homes through private deals, without any realtor involvement. They add no value. Certainly not 3 or 6 percent.
Posted on 11/11/22 at 3:43 pm to bayoutiger225
quote:
If median price Of 200k is used and they do 300 transactions a year they are making 1.8 million. In lake Charles. No shot.
Well, she also co-owns 5 Coldwell Banker offices in SWLA so she is probably making more than that but by herself, she absolutely does that many transactions per year.
From her LinkedIn and I promise you everyone in LC already knows her because her name is everywhere
quote:
I was honored to be named Coldwell Banker's #1 agent in the nation for total units sold in 2018 and #2 in 2019, # 2 in 2020 with over 400 transactions closed and #1 2021 with over 546 transactions.
The years prior to that
quote:
I have been honored to be voted 2014,2015, 2016, 2017 Best Realtor in SWLA by Lagniappe Magazine Poll. In 2017 I sold 63+ million in production and handled over 430 transactions.
Posted on 11/11/22 at 3:44 pm to SlowFlowPro
quote:
Well she's a broker and has realtors under her IIRC.
Yes but she is only getting credit where she is at least one side of the transaction as the agent. That is not taking credit for what the agents that work for her do.
Posted on 11/11/22 at 3:46 pm to Bermuda99
quote:
When you wrote this did you really expect people to believe it ? Does 25-30 per month sound realistic to you ?
Yea I was wrong, by herself she did 546 transactions last year. See my post above
Posted on 11/11/22 at 3:47 pm 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.
You should email that realtor:
Dear resident NO realtor biddies,
Y’all remember when I made a bid on x property for x amount of dollars? Ha Ha Ha Ha Ha Ha Ha. frick y’all
Love,
Y.A. Tittle
PS: if y’all are willing to sell at a 20% discount off the current listing, hit me up
Posted on 11/11/22 at 3:50 pm to stout
Maybe they can now make the logical transition into insurance sales.
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