Offered 1% commission for listing

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that.

With technology and companies like Redfin it took longer time than I expected.

Because it was a monopoly. That’s exactly why it was found to be illegal. With Redfin and tech, the fees should have been 1-2%, but they hadn’t budged at all off the 6% they’d been for 50 years. The only reason is because of price collusion/monopoly in the industry.

If houses still cost $100,000, you would not be seeing 1%.

Sellers are so greedy. They got all this equity doing nothing but now are all resentful that someone performing a professional service also benefit from inflated prices. They act like they’re being cheated or something out of money they earned. It’s pathetic.

No, I am not an agent. (Since invariably some pea brained twatwaffle resorts to that retort).

Should I share my other sources of unearned income (e.g., stocks) with an agent as well, or just that resulting from house appreciation?

You haven’t ever heard of 2 and 20, eh?

Or maybe you aren’t wealthy enough.

But yeah, if you are in a hedge fund like me, you are paying 2 and 20. Maybe more if the fund is a quant.

I hope you understand the difference between MANAGING money over time in a hedge fund versus a one time sale transaction. Maybe you’re not quite as sharp as you think you are.

Of course, most realtors like yourself aren’t making hedge fund money regardless.

Oh honey, bless your heart. As I have made clear, I am not a Realtor. (Realtor is a proper noun, sweetie— you need to capitalize it. Like Jeep or Coke.)

[Anonymous]

There is no sympathy for realtors. They have been abusing the system for too long and getting away with it. I could see more lawsuits in the future to claw back previous fees.

[Anonymous]

Parasites not used to working for $$. Will be hard adjustment for them. Sellers now pushing back.

[Anonymous]

Anonymous wrote:Parasites not used to working for $$. Will be hard adjustment for them. Sellers now pushing back.

1% commission is still huge and common in a lot of other first world countries. Not sure why our agents are so greedy.

[Anonymous]

Anonymous wrote:Parasites not used to working for $$. Will be hard adjustment for them. Sellers now pushing back.

Can you imagine what it will be like for the parasites who have been sucking off he government tit followed by the parasites in government contracting, law, and consultancies. They are really unemployable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Parasites not used to working for $$. Will be hard adjustment for them. Sellers now pushing back.

Can you imagine what it will be like for the parasites who have been sucking off he government tit followed by the parasites in government contracting, law, and consultancies. They are really unemployable.

Well, they can sell real estate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that.

With technology and companies like Redfin it took longer time than I expected.

Because it was a monopoly. That’s exactly why it was found to be illegal. With Redfin and tech, the fees should have been 1-2%, but they hadn’t budged at all off the 6% they’d been for 50 years. The only reason is because of price collusion/monopoly in the industry.

If houses still cost $100,000, you would not be seeing 1%.

Sellers are so greedy. They got all this equity doing nothing but now are all resentful that someone performing a professional service also benefit from inflated prices. They act like they’re being cheated or something out of money they earned. It’s pathetic.

No, I am not an agent. (Since invariably some pea brained twatwaffle resorts to that retort).

Should I share my other sources of unearned income (e.g., stocks) with an agent as well, or just that resulting from house appreciation?

You haven’t ever heard of 2 and 20, eh?

Or maybe you aren’t wealthy enough.

But yeah, if you are in a hedge fund like me, you are paying 2 and 20. Maybe more if the fund is a quant.

I hope you understand the difference between MANAGING money over time in a hedge fund versus a one time sale transaction. Maybe you’re not quite as sharp as you think you are.

Of course, most realtors like yourself aren’t making hedge fund money regardless.

Oh honey, bless your heart. As I have made clear, I am not a Realtor. (Realtor is a proper noun, sweetie— you need to capitalize it. Like Jeep or Coke.)

Spoken like a true non-realtor, er, Realtor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that.

With technology and companies like Redfin it took longer time than I expected.

Because it was a monopoly. That’s exactly why it was found to be illegal. With Redfin and tech, the fees should have been 1-2%, but they hadn’t budged at all off the 6% they’d been for 50 years. The only reason is because of price collusion/monopoly in the industry.

If houses still cost $100,000, you would not be seeing 1%.

Sellers are so greedy. They got all this equity doing nothing but now are all resentful that someone performing a professional service also benefit from inflated prices. They act like they’re being cheated or something out of money they earned. It’s pathetic.

No, I am not an agent. (Since invariably some pea brained twatwaffle resorts to that retort).

Should I share my other sources of unearned income (e.g., stocks) with an agent as well, or just that resulting from house appreciation?

You haven’t ever heard of 2 and 20, eh?

Or maybe you aren’t wealthy enough.

But yeah, if you are in a hedge fund like me, you are paying 2 and 20. Maybe more if the fund is a quant.

I hope you understand the difference between MANAGING money over time in a hedge fund versus a one time sale transaction. Maybe you’re not quite as sharp as you think you are.

Of course, most realtors like yourself aren’t making hedge fund money regardless.

Oh honey, bless your heart. As I have made clear, I am not a Realtor. (Realtor is a proper noun, sweetie— you need to capitalize it. Like Jeep or Coke.)

Spoken like a true non-realtor, er, Realtor.

True, lol

[Anonymous]

Anonymous wrote:I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that.

There have always been and always will be low fee or flat fee Realtors, especially in good markets. How will they market your home though? As the market normalizes, the days on market has increased and simply putting a sign in the yard and entering into the mls isn't good enough. The changing market since Aug 15 will hopefully do away with some of these agents and help our industry being more professional

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that.

There have always been and always will be low fee or flat fee Realtors, especially in good markets. How will they market your home though? As the market normalizes, the days on market has increased and simply putting a sign in the yard and entering into the mls isn't good enough. The changing market since Aug 15 will hopefully do away with some of these agents and help our industry being more professional

there is no "marketing" in residential RE. always about price, location, condition. dont overestimate your skills

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Parasites not used to working for $$. Will be hard adjustment for them. Sellers now pushing back.

Can you imagine what it will be like for the parasites who have been sucking off he government tit followed by the parasites in government contracting, law, and consultancies. They are really unemployable.

Well, they can sell real estate.

No, Realtors are capable of falling-out a pre-printed form. Hiring out photography, provider referrals to seller re various contractors.

[Anonymous]

Everyone possess all these skills that realtors has. It is not magic and they didn't go to school to get it. Most of these realtors are losers that either couldn't finish their education or not good enough for other professional jobs

[Anonymous]

NP. Can someone explain how the new rules would impact buying? Could we offer say a flat fee or 1% to a buyers agent?

[Anonymous]

Anonymous wrote:NP. Can someone explain how the new rules would impact buying? Could we offer say a flat fee or 1% to a buyers agent?

The rules prohibit an agent from offering cooperating compensation using MLS.

You the seller are free to offer a seller concession - flat fee or 1% or whatever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am just amazed to see how low the commission has come down. A couple of years back, useless agents used to quote 5-6% of the listing price and now it is 1% or close to that.

With technology and companies like Redfin it took longer time than I expected.

Because it was a monopoly. That’s exactly why it was found to be illegal. With Redfin and tech, the fees should have been 1-2%, but they hadn’t budged at all off the 6% they’d been for 50 years. The only reason is because of price collusion/monopoly in the industry.

If houses still cost $100,000, you would not be seeing 1%.

Sellers are so greedy. They got all this equity doing nothing but now are all resentful that someone performing a professional service also benefit from inflated prices. They act like they’re being cheated or something out of money they earned. It’s pathetic.

No, I am not an agent. (Since invariably some pea brained twatwaffle resorts to that retort).

Should I share my other sources of unearned income (e.g., stocks) with an agent as well, or just that resulting from house appreciation?

You haven’t ever heard of 2 and 20, eh?

Or maybe you aren’t wealthy enough.

But yeah, if you are in a hedge fund like me, you are paying 2 and 20. Maybe more if the fund is a quant.

I hope you understand the difference between MANAGING money over time in a hedge fund versus a one time sale transaction. Maybe you’re not quite as sharp as you think you are.

Of course, most realtors like yourself aren’t making hedge fund money regardless.

Oh honey, bless your heart. As I have made clear, I am not a Realtor. (Realtor is a proper noun, sweetie— you need to capitalize it. Like Jeep or Coke.)

Are you having a stroke or something?