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1
Posted on 5/12/18 at 3:14 am to Hoyt
Good ones are gonna save you time and eventually money
I've personally done a FSBO,discount brokers and full service brokers.I'll take full service ANY DAY of the week.You can also negotiate commissions with full service brokers as well.
I've personally done a FSBO,discount brokers and full service brokers.I'll take full service ANY DAY of the week.You can also negotiate commissions with full service brokers as well.
This post was edited on 5/12/18 at 3:20 am
Posted on 5/12/18 at 3:19 am to Hoyt
quote:Newscaster
Is it possible to name a more useless profession?
Posted on 5/12/18 at 3:22 am to Hoyt
Sportscenter host
Posted on 5/12/18 at 7:42 am to PiscesTiger
Nobody wants a fat, ugly, Democrat realtor. She and Gary may do the dirty all over the house.
Posted on 5/12/18 at 7:50 am to Hoyt
I’m a realtor and he super offended by these threads!!! I got my license to list the spec homes I build. I basically got my license not to have to deal with a listing agent.
Posted on 5/12/18 at 8:06 am to Hoyt
Radio DJs are more worthless by a mile.
Realtors, good ones anyway, are capable of explaining the fine print on every page of paper you signed when buying a new house. If you own your own house, you will know the packet full of papers you have to sign and our realtor gave us a summary of each page we were signing instead of us spending six months reading (with a magnifying glass) through every single word on every single piece of paper.
Realtors, good ones anyway, are capable of explaining the fine print on every page of paper you signed when buying a new house. If you own your own house, you will know the packet full of papers you have to sign and our realtor gave us a summary of each page we were signing instead of us spending six months reading (with a magnifying glass) through every single word on every single piece of paper.
Posted on 5/12/18 at 8:27 am to Hoyt
How else will I gain access to the MLS which sells the 800k and above houses we build in the market? Law says to have access that I have to hang or have realtor hang license at a brokerage. It is the #1 way we sell homes.
Many of my clients come from California, Texas, Illinois, Florida,etc... I am their eyes and ears on the ground. Average time on market for many communities is less than 72 hours. Not everyone can fly cross country to view in that time span.
Most houses we broker outside our custom builds are 800k and up. Most people in these type residences prefer the buffer and vetting process we provide to not have every Tom, brokeDick, & Harry pillaging through their home with limited knowledge of the potential buyers. Many people simply prefer a broker to facilitate negotiations because they are uncomfortable doing so themselves. We provide that service.
Oh, you were trolling. Sorry for the logic. Here's a picture of what that useless profession has afforded me
Roll Tide!
Many of my clients come from California, Texas, Illinois, Florida,etc... I am their eyes and ears on the ground. Average time on market for many communities is less than 72 hours. Not everyone can fly cross country to view in that time span.
Most houses we broker outside our custom builds are 800k and up. Most people in these type residences prefer the buffer and vetting process we provide to not have every Tom, brokeDick, & Harry pillaging through their home with limited knowledge of the potential buyers. Many people simply prefer a broker to facilitate negotiations because they are uncomfortable doing so themselves. We provide that service.
quote:
Is it possible to name a more useless profession?
Oh, you were trolling. Sorry for the logic. Here's a picture of what that useless profession has afforded me
Roll Tide!
Posted on 5/12/18 at 8:43 am to ItNeverRains
ick.
you would be from alabama, new money.
quote:
Roll Tide!
you would be from alabama, new money.
Posted on 5/12/18 at 8:48 am to magildachunks
A realtor is an agent. Like any agent, the good ones serve a purpose.
Posted on 5/12/18 at 9:31 am to LSUgirl4
Yeah, I'm from White Castle. Little southwest of bammer. Learn sarcasm. Of course i'm new money, my parents are still alive. Luckily I won't need that old money.
But it'll be nice
But it'll be nice
Posted on 5/12/18 at 9:54 am to ItNeverRains
The problem with realtors is that they have tried to corner the market through MLS and their pay structure as a percentage of sale price is archaic.
This is why firms like Redfin and Door have started up to disrupt this industry.
Real estate agents can be very valuable for people moving to a new area and they can be helpful in sorting through the legal process of making the biggest purchase in someone’s life. Why there fee is tied to the price of a house is a big disconnect in my opinion. The incremental effort to sell a $500K house versus $400K house is marginal at best, yet the compensation model doesn’t reflect this.
This is why firms like Redfin and Door have started up to disrupt this industry.
Real estate agents can be very valuable for people moving to a new area and they can be helpful in sorting through the legal process of making the biggest purchase in someone’s life. Why there fee is tied to the price of a house is a big disconnect in my opinion. The incremental effort to sell a $500K house versus $400K house is marginal at best, yet the compensation model doesn’t reflect this.
Posted on 5/12/18 at 10:20 am to Hoyt
Pharmacist (outside of compound pharmacist)
What exactly do they do besides put the medicine, in the amount the doctor prescribed, in the container?
What exactly do they do besides put the medicine, in the amount the doctor prescribed, in the container?
Posted on 5/12/18 at 10:24 am to Hoyt
quote:
Is it possible to name a more useless profession?
Flight Attendants.
Posted on 5/12/18 at 10:24 am to Alt26
quote:
What exactly do they do besides put the medicine, in the amount the doctor prescribed, in the container?
You can’t be this stupid?
Posted on 5/12/18 at 10:34 am to lynxcat
quote:
The problem with realtors is that they have tried to corner the market through MLS and their pay structure as a percentage of sale price is archaic.
This is why firms like Redfin and Door have started up to disrupt this industry.
Real estate agents can be very valuable for people moving to a new area and they can be helpful in sorting through the legal process of making the biggest purchase in someone’s life. Why there fee is tied to the price of a house is a big disconnect in my opinion. The incremental effort to sell a $500K house versus $400K house is marginal at best, yet the compensation model doesn’t reflect this.
But you see with a percentage basis, the listing agent has incentive to get the very best possible price for your home. That way, when they say "it really just isn't worth that and we can't sell if for that", you can (generally speaking) trust that they are being honest. Buyer's agents are a different side of the coin but their fee is really just taken out in my mind at least.
You can negotiate a flat or any fee if you want and if a quality realtor is going to want to deal with that. If you can only get mediocre realtors with this kind of price structure I think it says something about the market perceived value of quality agents.
Also, lets say you negotiate with the listing agent a flat fee, I assume some consideration will be given to the value of the house when using this fee. Now an agent could act like they are going to be able to get $400,000 for a home when they know to actually sell they will need to go to around $300,000. When that person comes in with an offer of $300,000 they are pushing you to take to sell the home you are still looking at that flat fee based on an assumed $400,000 sales price.
The percentage, at least in my mind, protects both homeowners and agents.
This post was edited on 5/12/18 at 10:40 am
Posted on 5/12/18 at 10:38 am to dukeg
quote:
You can’t be this stupid?
So what do they do that a doctor, nurse, or tech can't physically do?
Posted on 5/12/18 at 10:41 am to HoustonGumbeauxGuy
quote:
Realtors, good ones anyway, are capable of explaining the fine print on every page of paper you signed when buying a new house. If you own your own house, you will know the packet full of papers you have to sign and our realtor gave us a summary of each page we were signing instead of us spending six months reading (with a magnifying glass) through every single word on every single piece of paper.
You big dummy. WTF do you think the closing agent is required to do when you go to sign everything? 
Posted on 5/12/18 at 10:43 am to Alt26
quote:
can't physically do?
It’s not physical, stupid.
Posted on 5/12/18 at 10:48 am to Sneaky__Sally
Time / Closing the deal is a way more important driver for the listing agent than maximizing the returns for the seller.
Use the 6% assumption and consider the marginal benefits for the parties. If the agent sells the house for an extra $1,000 then the agent gets $60 and the homeowner gets $940. The most important thing for the agent is to turnover as many deals as possible as it maximizes their returns for a given time period. Agency issues are well documented and the percentage fee system does very little to align incentives the way you describe.
Use the 6% assumption and consider the marginal benefits for the parties. If the agent sells the house for an extra $1,000 then the agent gets $60 and the homeowner gets $940. The most important thing for the agent is to turnover as many deals as possible as it maximizes their returns for a given time period. Agency issues are well documented and the percentage fee system does very little to align incentives the way you describe.
This post was edited on 5/12/18 at 10:49 am
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