Anonymous wrote:

Steve wrote:

Anonymous wrote:If you watch million dollar listing, those agents take your call 24/7

Give me 3% on $5mil and you can do whatever you want with me!

You don't become a million dollar listing agent until you work hard enough

It's also a function of your market. I don't think the guys on Million Dollar Listing NYC work any harder than people who own their own brokerage shops in DC, Seattle, Des Moines, or Evanston, IL. They are fortunate enough to be in a market with astronomical valuations and thus outsized commissions.

Also, I bet NO ONE in NYC pays 3%. My guess is that 1.5% tops is more typical given that the average 2BR in Manhattan or nice parts of Brooklyn are pushing $2 million.

Anonymous wrote:

Anonymous wrote:Fine another question, what do agents even do during the day? i assume people are working during the day and only available after work to work with an agent

It is beyond rude to ask this question, pp. I realize this forum has a couple of posters who are obsessed about agents and commissions and are increasingly frustrated that the disruption in the real estate industry they've been promising would happen for the 8 years I've been on this board hasn't happened yet. But you really don't get to ask questions like "what do you do all day" as if it's a genuine inquiry.

Oh, and by the way, you didn't sell for top dollar because you were so hung up on agent compensation. Ironic, isn't it?

No, not an agent or even a real estate professional. Just over the utter stupidity in this forum.

ok tell me for a 700k townhome in a community with 10+ recent comps, how can you sell for 15k+ more to compensate redfin's low commission?

if i go with redfin, i could list the home at 710K and it would be sold instantly
if i go with regular agent, i'd have to list it for 15k more at 725k, and that price would just sit on the market

Anonymous wrote:Fine another question, what do agents even do during the day? i assume people are working during the day and only available after work to work with an agent

It is beyond rude to ask this question, pp. I realize this forum has a couple of posters who are obsessed about agents and commissions and are increasingly frustrated that the disruption in the real estate industry they've been promising would happen for the 8 years I've been on this board hasn't happened yet. But you really don't get to ask questions like "what do you do all day" as if it's a genuine inquiry.

Oh, and by the way, you didn't sell for top dollar because you were so hung up on agent compensation. Ironic, isn't it?

No, not an agent or even a real estate professional. Just over the utter stupidity in this forum.

Texting or emailing is fine. I wouldn't necessarily expect an answer until the next morning though. People need to sleep!

Steve wrote:

Anonymous wrote:If you watch million dollar listing, those agents take your call 24/7

Give me 3% on $5mil and you can do whatever you want with me!

You don't become a million dollar listing agent until you work hard enough

Steve wrote:

Anonymous wrote:If you watch million dollar listing, those agents take your call 24/7

Give me 3% on $5mil and you can do whatever you want with me!

+$250,000

And the homes they show are way more than $5m. It blew my mind that Fredrik had sales over $1 billion last year. That's nuts.

I was always amazed when our realtor would be calling us back at 9:30pm about something. She worked all the time. But I did not EXPECT that. In fact, I was worried she didn't take enough personal time with how much she was sending us evening time updates.

Nothing is so urgent it can't wait until the next morning.

Anonymous wrote:If you watch million dollar listing, those agents take your call 24/7

Give me 3% on $5mil and you can do whatever you want with me!

Ok to text after 9 if the goal is to set up a time to talk the following morning about putting in an offer.

At one point the realtor was calling ME at 10pm to make some changes to a contract. At that point I decided it was fine to text her whenever I wanted.

If you watch million dollar listing, those agents take your call 24/7

The only reason we contacted our agent after 9pm was because she was literally filling out the offer sheet and had questions for us. We had decided to put in our offer in the early afternoon and spent the rest of the day getting everything to her. She didn't have time to pull together the offer until 8pm (she was busy showing houses). The offer was due the next morning.

This was our first time buying a house and I really appreciated how much she hustled. She also gave us a very clear list of "tasks" that we needed to complete in order to get the offer together.

We actually lost the place, even with our escalation clause, as there were 4 other bids. But it gave me A LOT more perspective on what our agent did. There's a lot of behind-the-scenes stuff happening that you don't even know about - calling the lender, calling the selling agent to coordinate offer details, etc. While on its face you can plausibly say, "Anyone can do this job!" and that's true; there isn't much technical skill to the job. It's also just incredibly stressful to balance so many moving pieces at once for just one client, let along 4 or 5 clients who are all in varying stages of the buying/selling process.

And even after all the harried frenzy of getting our offer together in the span of 24 hours, she still didn't even get paid. That must be massively frustrating and we will be sure to use her again when the next place comes on the market.

OP, even if you agent were to be nicer than you and answered your call/text at 9pm or 11pm and put together a contract and faxed it over...the listing agent is probably not going to bother to pick it up until first thing in the morning and call the seller. So why should your agent rush and rush so that the offer can sit on a fax machine overnight until the morning.

Look, I get it. I'm a late nighter. I don't go to bed until 2-3 am typically (and get up at 7am). I get a lot of things done after my kids go to bed, and understand how to be productive after hours. But I would definitely NOT expect that from a realtor or from anyone else. I know that my schedule is the abnormal one.

Fine another question, what do agents even do during the day? i assume people are working during the day and only available after work to work with an agent

I work after 9 for my friends and family. Others, no.