Tex117 said:Yall are so inconsequential, I don't care to bother.Red Pear Realty said:
Serious question. Are you just trolling or do you not know how to spell "realtor"? The former, I'm ok with. But the latter, especially with your commentary on intelligence, I'm not sure I can handle.
Red Pear Realty said:Tex117 said:Yall are so inconsequential, I don't care to bother.Red Pear Realty said:
Serious question. Are you just trolling or do you not know how to spell "realtor"? The former, I'm ok with. But the latter, especially with your commentary on intelligence, I'm not sure I can handle.
What do you mean, "you people"?
I know you do good work. When you get pages of pages of justification that Houston Lee gave, its hard not to dunk on it.Red Pear Realty said:
That's exactly what I mean
You know. Excuse me for trying to educate people on this thread with facts and maybe some behind the scenes truths. There is a lot of misinformation and ignorance about Realtors out there and a lot of misinformation about the NAR settlement and what it means.Tex117 said:I know you do good work. When you get pages of pages of justification that Houston Lee gave, its hard not to dunk on it.Red Pear Realty said:
That's exactly what I mean
Tex117 said:Yall are so inconsequential, I don't care to bother.Red Pear Realty said:
Serious question. Are you just trolling or do you not know how to spell "realtor"? The former, I'm ok with. But the latter, especially with your commentary on intelligence, I'm not sure I can handle.
Medaggie said:
Q. If I'm selling, can I offer less than a 3% commission to the buyer's agent?
A. Absolutely. The unfortunate reality though, is that your home won't get the same attention that it would if you offered buyers agents 3%. It could either take longer to sell, or may not sell at all.
I have heard this also which is what gives me a bad view of some RE agents. Why would an agent not want to show their client a property that fits their criteria just because they were offered "only" 2%? Isn't their duty to their client or is it to maximize the 3%? Also if it is only "2%", isn't it still a great transaction if the property is 1M? Is it better to not show the deal but wait for a 500k place bc it's 3%?
If you have a client your duty should be first to the client and not what commission is offered.
.
swimmerbabe11 said:
I mean, on the other side of that coin, isn't that where it gets kinda funky that your duty is to your client, but your paycheck is signed by the opposing side? And you negotiating for a lower price ends up in you being paid less?
I love the gap scenario. .. assuming you have had your client sign a representation agreement, and you won't represent them for that house because of the commission difference.. if they won't pay it, does that mean they can't buy that house? Like could they sign fine.. contact the listing agent for a showing, then go under contract without violating the representation agreement? ( I genuinely don't know)
Red Pear Realty said:
While we are on the subject of overpriced services, why is title insurance so expensive? Why couldn't we put chain of title on the Blockchain and charge almost nothing for it?
This x eleventy billionMedaggie said:
Q. If I'm selling, can I offer less than a 3% commission to the buyer's agent?
A. Absolutely. The unfortunate reality though, is that your home won't get the same attention that it would if you offered buyers agents 3%. It could either take longer to sell, or may not sell at all.
I have heard this also which is what gives me a bad view of some RE agents. Why would an agent not want to show their client a property that fits their criteria just because they were offered "only" 2%? Isn't their duty to their client or is it to maximize the 3%? Also if it is only "2%", isn't it still a great transaction if the property is 1M? Is it better to not show the deal but wait for a 500k place bc it's 3%?
If you have a client your duty should be first to the client and not what commission is offered.
.
Ed007 said:
I own a title company, and I do 700 closings per year. This is word salad. Realtors do not do an abundance of work. That's a fact. Open a door and fill out a simple form. Y'all have done a great job convincing the market of all this though. I'll give you that. You are all salesmen. I'd say a realtor's worth on a deal is probably $300-$500.
Even if I have a written agreement with my buyer that says I will get 3%, I will always show a property that is offering less if they want to see it. I have done several deals at less than 3% on the buying side.Medaggie said:
Q. If I'm selling, can I offer less than a 3% commission to the buyer's agent?
A. Absolutely. The unfortunate reality though, is that your home won't get the same attention that it would if you offered buyers agents 3%. It could either take longer to sell, or may not sell at all.
I have heard this also which is what gives me a bad view of some RE agents. Why would an agent not want to show their client a property that fits their criteria just because they were offered "only" 2%? Isn't their duty to their client or is it to maximize the 3%? Also if it is only "2%", isn't it still a great transaction if the property is 1M? Is it better to not show the deal but wait for a 500k place bc it's 3%?
If you have a client your duty should be first to the client and not what commission is offered.
.
Thanks! I spent 25 years in the Oil & Gas industry and ended as VP of Sales and Marketing for many years. My wife is 20+ years as a successful Realtor and I have had my license on the side for 5+ years. Last year I got tired of the ups and downs of the Oil and Gas job yo-yo and started Real Estate with her full time. In 2023 we had our best year ever as a husband and wife team and quadrupled our sales and GCI from 2022. I would like to think it was because of me doing it full time, but my wife is the superstar! I love my job as a Realtor better than anything I did in the corporate world because we get to help people find their dream home. Their home buying/selling experience is the biggest and most important financial thing they will do in their lives.Medaggie said:
You sound like a good RE agent and do the right thing. I am sure most on here are in the same group.
I feel there are another group who became a RE agent b/c it was a low barrier and they thought it as a side hustle. Buy/Sell 5 homes a year, and make 100K who brings little to the table.
I had such a RE agent. Made 30K off me then wouldn't even budge on her 3% when the seller RE agent agreed to cut his commission to bridge half the gap. If I remember right, we were 5K off. Seller agent put in 2500. The place was 350K and she would have pocketed 10K. Didn't budge and let the deal expire. This was on top of her making 30K about 1 month before off a sale that she spent little time on.
Medaggie said:
Q. If I'm selling, can I offer less than a 3% commission to the buyer's agent?
A. Absolutely. The unfortunate reality though, is that your home won't get the same attention that it would if you offered buyers agents 3%. It could either take longer to sell, or may not sell at all.
I have heard this also which is what gives me a bad view of some RE agents. Why would an agent not want to show their client a property that fits their criteria just because they were offered "only" 2%? Isn't their duty to their client or is it to maximize the 3%? Also if it is only "2%", isn't it still a great transaction if the property is 1M? Is it better to not show the deal but wait for a 500k place bc it's 3%?
If you have a client your duty should be first to the client and not what commission is offered.
.
Jason_InfinityRoofer said:Medaggie said:
Q. If I'm selling, can I offer less than a 3% commission to the buyer's agent?
A. Absolutely. The unfortunate reality though, is that your home won't get the same attention that it would if you offered buyers agents 3%. It could either take longer to sell, or may not sell at all.
I have heard this also which is what gives me a bad view of some RE agents. Why would an agent not want to show their client a property that fits their criteria just because they were offered "only" 2%? Isn't their duty to their client or is it to maximize the 3%? Also if it is only "2%", isn't it still a great transaction if the property is 1M? Is it better to not show the deal but wait for a 500k place bc it's 3%?
If you have a client your duty should be first to the client and not what commission is offered.
.
Realtors are amongst the most ethical people I've had to deal with. You guys all realize that there are some pretty basic standards required to even obtain a license right?
Captain Winky said:
You sure are engaging a lot with a group that you find inconsequential.
jja79 said:
How much do other professionals add to the cost of goods and services we use everyday or more often than every 7-10 yeats? You might even be one of them.
Captain Winky said:
You sure are engaging a lot with a group that you find inconsequential.
cheeky said:
I don't mind saying this at all. The 6% realtor commission is the biggest fleecing of America in our history outside deficit spending.
BrazosDog02 said:1939 said:
6% in this day and age is highway robbery. Lowest amount of work for agents ever and record home prices that have far exceeded inflation.
Lol. Everyone wants someone to work for free. My customers do as well. Here's a tip, if you have the knowledge and tools to do it yourself, you should. If I'm not making much money on a deal, I'm not working that hard for it and I'm charging you for busy work.
Didn't we just have a thread here from a guy that had the same opinion and ended up buying a property that he found out a decade later he doesn't actually own or something? Bet he wishes he'd spent that 3%, eh?
