Reply to How are all the realtors making money these days?

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[quote=Anonymous][quote=AgentX]I got 3 buyers under contract in one day last week. I'm not having an issue. Most agents I know aren't having an issue. The outliers are probably struggling.

I have lots of clients with lots of cash, they have been waiting for this moment. Most of my offers are 40% down to all-cash offers. I'm not finding the under $1M price point to be super competitive for the most part. But $1M - $2M is a disaster. THOSE buyers have money. So a blip in the market or interest rates doesn't affect them at all. I have clients who were in multiple offers on a $1.9M home. That's the fascinating part of this to me, where the buyers are in terms of price point.

What's hilarious is that we all made SO MUCH MONEY in the last few years, and now it's interesting to see who is poor-mouthing and who saved their money. Frankly, I'll take a year or two of lower income to see the idiots exit the industry. Also, NAR is considering raising our dues, which would go a long way toward getting the riff raff out of the industry. [/quote

This post is the classic agent post.  There is always a suggestion that agent expenses are much higher than they actually are.  Current NAR dues are $150 per year.  Starting in 2024 they are increasing to $156 and a $45 surcharge to increase how much NAR spends on consumer marketing to encourage people to use agents more.  I can think of no other business in the world that would complain about a $6 annual business expense increase.  On the flip side agents have so few actual expenses (I'm not counting when they take a prospective buyer out to lunch, getting a deductible meal for themselves, oftentimes meals with family and friends paid by uncle Sam and a $100 expense that will result in a $50K commission) that $156 is a significant expense for them.  Its almost as bad as the annual insurance which ranges from $300-600 per year.[/quote]

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