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re: Why are real estate agents commission based?
Posted on 7/6/22 at 9:54 pm to The Third Leg
Posted on 7/6/22 at 9:54 pm to The Third Leg
quote:
The idiot realtor wanted to list it for 10% less than I demanded,
Sounds like you are shitty at hiring.
1
Posted on 7/6/22 at 9:56 pm to mikelbr
quote:
Hey retard. Title/Closing companies get the smallest cut and absorb the most liability in every transaction.
Given the chance to save $5 most of these folks would do brain surgery on themselves.
Posted on 7/6/22 at 9:59 pm to tigersfan1989
Some people have other shite to do and need someone to find houses within their parameters and are glad to pay an agent to do so.
Posted on 7/6/22 at 10:02 pm to TJG210
quote:
Computers can handle complex legal matters should they arise? Never knew….
lol A realtor is not an attorney, dude. If a legal matter arises they are going to tell you to hire an attorney or they will just call one.
Posted on 7/6/22 at 10:02 pm to TJG210
quote:
Sounds like you are shitty at hiring.
No, I had 3 come look at it and they all said the same thing, because they just pulled comps and put no effort into understanding the property. I finally found one who was a fireman who did 1% flat fee listings on the side that would do what I asked and he’s the only reason this other wanker agreed to do it.
Realtors are mostly birdbrains that have failed in other professions. I’ve never met one who was extremely intelligent.
This post was edited on 7/6/22 at 10:03 pm
Posted on 7/6/22 at 10:04 pm to tigersfan1989
In our neighborhood in HOU it’s becoming more and more common that an attorney is used to draw up the papers for sale with no dumb agent.
Realtors are idiots, they bad talk people and their homes who try to sell by owner. High end homes have wealthy people using word of mouth and attorneys to manage the transaction now. Much cheaper. This may only work in certain areas though.
Realtors and title insurance are a scam. Period.
Realtors are idiots, they bad talk people and their homes who try to sell by owner. High end homes have wealthy people using word of mouth and attorneys to manage the transaction now. Much cheaper. This may only work in certain areas though.
Realtors and title insurance are a scam. Period.
Posted on 7/6/22 at 10:06 pm to tigersfan1989
Showing your house on a Sunday at 11 ain’t free.
Posted on 7/6/22 at 10:09 pm to Abstract Queso Dip
quote:
Some people have other shite to do and need someone to find houses within their parameters and are glad to pay an agent to do so.
Well, 99% of the time a buyer's agent cost the buyers nothing. I think a lot of the disdain is for listing agents because with sites like Redfin and Zillow you really don't need listing agents. The day the MLS is 100% obsolete, as more data is found on free sites not protected by realtors, is the day listing agents will have to actually work for a living and drum up more buyers.
I list FSBO first and offer a commission to buyers agents that want to show the property. Have to sign a lot of one-time showing agreements but that's fine with me. I save money and am not under the thumb of a listing agent.
I also have bought and sold a ton of properties (flipping and building) in the past 20 years and used to be an agent FWIW.
Posted on 7/6/22 at 10:10 pm to stout
quote:This! I know 3 realtors that do it as a side job. Two are public school teachers and one is a retired teacher.
lol A realtor is not an attorney, dude. If a legal matter arises they are going to tell you to hire an attorney or they will just call one.
Posted on 7/6/22 at 10:10 pm to The Third Leg
quote:
I finally found one who was a fireman who did 1% flat fee listings on the side that would do what I asked and he’s the only reason this other wanker agreed to do it.
Sounds like you should have just let him handle it then? I always have a very frank discussion with my clients after supplying them comps. Your description also didn’t tell us if it was a buyers market/sellers market, Etc. I believe in listing slightly higher than comps and letting the market tell us where to go. I’ve had clients demand listing 30-40% over comps and when they don’t get showings/offers act like I’m the problem. Had a client that had an inn, he demanded we list it for 1.2 million….in 6 months I had one person look at it, had another make a verbal cash offer of $750k….one of the owners wouldn’t even consider it. When the listing agreement expired I let it go, 6 months after that they sold it for $685k.
Posted on 7/6/22 at 10:11 pm to tigersfan1989
Just sold our home FSBO. Offered a buyers agent 2.5%. It was a pain in the arse to research before listing, prep for and schedule pictures, schedule showings, show the home etc, but it was well worth the headache. I can understand why people want to use a realtor - the juice just ain’t worth the squeeze for some. It certainly took a good bit of time on our part but we are very pleased that we will pocket the 2.5% of our sale that would be going to a realtor.
Also, we definitely feel like our home showed less because it was FSBO. People who came look at our home said they saw it on realtor.com and TOLD their agent they wanted to see it OR “drove past the sign in the yard.”
Also, we definitely feel like our home showed less because it was FSBO. People who came look at our home said they saw it on realtor.com and TOLD their agent they wanted to see it OR “drove past the sign in the yard.”
This post was edited on 7/7/22 at 11:44 am
Posted on 7/6/22 at 10:14 pm to greygoose
quote:
This! I know 3 realtors that do it as a side job. Two are public school teachers and one is a retired teacher.
Sounds like an incredible sample size you’re working with!
Again, you get what you hire. My knowledge of laws/protocols surrounding the purchase/sale of homes would run circles around most Joe six packs doing it by themselves. The times I’ve listed and sold failed fsbos the sellers have always been very gracious.
Posted on 7/6/22 at 10:14 pm to tigersfan1989
Everything is negotiable. I’ll never pay and agent more than 2%.
Posted on 7/6/22 at 10:15 pm to TJG210
quote:
I believe in listing slightly higher than comps and letting the market tell us where to go.
Yea that's easy to do when a market is hot but when it's not then doing this could cost your clients. What happened to the stat that NAR used to put out about getting your most qualified and serious buyers within the first two weeks of listing? Guess that doesn't matter in a seller's market.
There are going to be a lot of things Realtors will have to do differently soon when things keep cooling off and rates keep going up.
I remember the mass exodus of Realtors back in 2008. I imagine that day is coming again when it becomes actual work again and not just a feeding frenzy and easy sales.
Posted on 7/6/22 at 10:16 pm to MonroeTigerstripes
quote:
said they saw it on realtor.com
No way to get it on that site without listing with an agent. Did you mean Zillow?
Posted on 7/6/22 at 10:18 pm to mikelbr
quote:
Hey retard. Title/Closing companies get the smallest cut and absorb the most liability in every transaction. Real Estate Agents are absolutely useless. Everyone agrees on that. They make closings a pain in the arse more often than any other party.
Yep.
Posted on 7/6/22 at 10:21 pm to stout
quote:
I remember the mass exodus of Realtors back in 2008. I imagine that day is coming again when it becomes actual work again and not just a feeding frenzy and easy sales.
I hope so. We need more stay at home hoes that don’t pretend to be something they aren’t.
Posted on 7/6/22 at 10:22 pm to tigersfan1989
Last year/earlier this year when the market was white hot, I would have told a listing agent “you’re getting 2.5% tops, take it or shove it”. Not letting these people get away with highway robbery when a house basically sells itself in a week
Posted on 7/6/22 at 10:23 pm to stout
quote:
that's easy to do when a market is hot but when it's not then doing this could cost your clients.
Fair enough, it’s a conversation I have with my sellers. I present to them the information, tell them what I feel our strategy should be, and they either buy in or not. I feel the market is definitely shifting and I’ve been a lot quicker in reducing than maybe I would have in the past. There’s a lot of factors involved and not a one size fits all solution. I also am truthful to a fault with my clients on what I think they’ll get, I feel a lot of agents aren’t and all I see from them are price reduction emails.
Posted on 7/6/22 at 10:34 pm to TJG210
quote:
Sounds like an incredible sample size you’re working with!
Again, you get what you hire. My knowledge of laws/protocols surrounding the purchase/sale of homes would run circles around most Joe six packs doing it by themselves. The times I’ve listed and sold failed fsbos the sellers have always been very gracious.
I knoW a ton of realtors. I just mentioned 3 that are/were teachers. I also know another one that sells school supplies. 
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