Reply to WSJ: Beware real estate cartel

Forum Index » Real Estate

Reply to "WSJ: Beware real estate cartel"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Would you prefer that real estate agents be salaried and real estate brokerages operate like the Department of Motor Vehicles?
"Good to meet you, Mr. and Mrs. Johnson, I am glad to help you sell your home. Let's see- today is May 8, I have an opening to list your home July 17, with the first open house September 22. After we list your home, I can help you find a new home in early November."[/quote]

Please. The DMV is always thrown out as the worst example of government. In reality, it should be the equivalent of an hourly certified financial planner instead of a % of assets private wealth manager. Neither of these professions offer much value add for the % that they take and make. Maybe with the real estate broker should be paid hourly and get a small percentage of the value of the house above an agreed upon base market value as an incentive but that’s it. And yes, as someone who has worked in high finance (eg, investment banking, private equity), I have a low opinion of real estate brokers, private wealth managers and most hedge funds (which should also only get paid above a benchmark rather than 2&20%). [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics