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Started By
Message
re: This Realtor advises other buyer agents to raise the sales price to get their commission
Posted on 8/10/24 at 5:28 pm to kennypowers
Posted on 8/10/24 at 5:28 pm to kennypowers
quote:
You've just described like 98% of society. It's the same argument as why jiffy lube exists. You can change your own oil. It's not hard at all....hell, they pay people minimum wage to do it.
Precisely. Of course no one on the OT needs a realtor but most modern morons could benefit from using one.
Like I said, if you don’t need one, just don’t hire one.
1
Posted on 8/10/24 at 5:28 pm to stout
I can guarantee that almost nobody is going to use a buyers agent and pay for it themselves. Completely useless expense
Posted on 8/10/24 at 6:11 pm to stout
Bought 3 houses and sold 2 of them.
Never used an agent.
What is all the fuss about.
Never used an agent.
What is all the fuss about.
Posted on 8/10/24 at 6:34 pm to stout
I wouldn’t want to be involved with that obnoxious fool on any deal.
Posted on 8/10/24 at 7:03 pm to stout
Dares people to sell by owner. Be careful what you ask for as technology advances.
Posted on 8/10/24 at 7:13 pm to NOLAVOL16
quote:
I can guarantee that almost nobody is going to use a buyers agent and pay for it themselves. Completely useless expense
I get what you are saying and I agree I wouldn’t want to pay a buyers agent either but what’s your alternative? If the seller has an agent but not willing pay a buyers agent, you have 2 options.
1) negotiate yourself against a realtor with years of experience and does it daily.
2) use the sellers agent that will have the sellers interest in mind more than yours.
The current process isn’t perfect by any means. The NAR process is a shite show.
This post was edited on 8/10/24 at 7:22 pm
Posted on 8/10/24 at 7:20 pm to clamdip
That’s the way to do it
Posted on 8/10/24 at 7:25 pm to dlambe5
Negotiating 99% of house purchases ain’t exactly rocket science. Researching comps takes 15 minutes. Or just knock 5-10% off asking and offer that.
As far as contracts go, an attorney will handle that for $500-1000 and most agents just have preprinted forms and don’t know anything anyway. Paying a buyers agent $15k to drive you around for a couple hours is ludicrous
As far as contracts go, an attorney will handle that for $500-1000 and most agents just have preprinted forms and don’t know anything anyway. Paying a buyers agent $15k to drive you around for a couple hours is ludicrous
Posted on 8/10/24 at 7:31 pm to JiminyCricket
Buyers: I can buy a house without an agent and save money
Sellers: I can sell a house without an agent and save money
Result: One side will be underrepresented and there will be more lawsuits for things left undisclosed and discovered after closing
BOL
Sellers: I can sell a house without an agent and save money
Result: One side will be underrepresented and there will be more lawsuits for things left undisclosed and discovered after closing
BOL
Posted on 8/10/24 at 7:32 pm to stout
I saw The Big Short. He ain’t fooling me.
Posted on 8/11/24 at 9:01 am to stout
(no message)
This post was edited on 5/4/25 at 5:54 pm
Posted on 8/11/24 at 9:37 am to stout
Realtors should always work towards a higher price
Posted on 8/11/24 at 9:43 am to stout
quote:Doubt it changes much, the reason being most buyers can’t afford the cash up front to pay for the agent up front.
It will be interesting to see how much that 90% changes.
I can see a number of posts upcoming in this thread because of the ignorance on display.
Posted on 8/11/24 at 9:43 am to stout
Apologize for the dumb question, but I haven't paid much attention outside of the change flashing earlier this year and occurring in Aug.
What does this change actually do?
Positive/negative for the seller and buyer?
What does this change actually do?
Positive/negative for the seller and buyer?
Posted on 8/11/24 at 9:46 am to el Gaucho
quote:Try doing it.
It seems like it’s the easiest job in the world minus the fact that there are too many people doing it
It does seem so because of all the part time agents trying (and failing) to do it. I’m a top 100 agent in an MLS with over 1000 agents in it. I get to see every level of “agent”
Posted on 8/11/24 at 9:55 am to Paul Allen
quote:It will get negotiated, which it should have been all along.
So 4% is going to be the standard going forward?
The lawsuit that has driven the change got one thing right, which is getting negotiations in commissions being done more often. No matter what, some agents just won’t no matter what the law says. I expect there will be quite a few fines levied by their MLS over that.
Won’t bother me for 2 reasons, 1 - I’m retiring, 2 - I always negotiated commission rates. Other agents hated that, but I wrote them into the contract which the seller gets to see because all offers are required to be presented.
One of the fun things about the job is requiring to present the offer in person to the seller, which certain agents who you suspect might not present the full offer HATE.
Posted on 8/11/24 at 9:57 am to llfshoals
quote:
It will get negotiated, which it should have been all along.
I've sold two houses and never paid 6%... Always negotiated.
This post was edited on 8/11/24 at 10:00 am
Posted on 8/11/24 at 10:00 am to MikeBRLA
quote:
Buyers and sellers set the sales price, not agents. This guy is clueless as to the process. Agents just pass along the info.
This. The idea of agents being involved in adjusting prices to benefit themselves was the root of the problem.
Take your commission. Do your easy job. Shut up.
Posted on 8/11/24 at 10:00 am to Gaggle
quote:It isn’t
As if this wasn’t the norm
quote:They’re not as a rule, some might but I’ve never seen it and I’ve written a lot of contracts.
as if buyer’s agents weren’t colluding with listing agents already
quote:Always thought this was funny unless you’re an attorney and understand contract law.
The idea of hiring a buyer agent on commission is the dumbest thing on earth.
You only have to run into people who didn’t use one, got screwed and I get to try and clean up the mess.
People should do some research into hiring an agent, but unfortunately they don’t, which I’ve never understood.
Posted on 8/11/24 at 10:02 am to llfshoals
I don't know realtors exist other than to show my house to people if I'm trying to sell it because I don't have time for that shite.
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