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Why cant we solve the real estate agent 6% ripoff?

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LOL nice try at one last desperate swipe at victory 😉 I'm sorry you can't help but reveal in your little tirades and failed attempts at logic all that a rapidly growing number of people despise about bottomfeeders, err... REALTORS®. If taking your insecurities and inadequacies out on a bunch of forum posters helps you sleep at night, go for it. Given the level of amusement you've provided us, I'd say it's a fair trade-off and I'm happy to participate :thumbsup:

Now, as a Software Architect®, I have to go produce some real world tangible output. The next time I encounter a washed out salesman holding his hand out for a commission amounting to $1000+/hour for what consisted of a couple trips in his car and a few amateur shots of a house with his iPhone 3, I'll be sure to be gentle with is ego. Apparently you're a fragile bunch.

As for you, it's summer. I'm sure there's some poor sap of a kid running a lemonade stand in your neighborhood. Maybe you can talk him into splitting his profits with you if you go out and drum up business for him. Of course, we both know you can forget about his sorry ass for the day and just claim that's what you did. He'll have no choice but to assume those people came by thanks to your amazing marketing skills and iPhone 3 picture-taking expertise.

Cheers

still avoiding addressing any points.

you should run for office. you talk a lot and address nothing. classic politician style personality.

considering i am one of the top RE photographers in my market, your iPhone3 argument just shows how pathetic your insults have gotten.

seriously. just keep posting. the more you continue to avoid actually responding to points, and just post avoidance drivel, it just keeps making me smile.

yes these were taken with an iPhone 3. you do realize how even more stupid you look now.

p.s. there is a lot of shitty buggy software out there. and if your programming skills are as good as your debating skillls, i suspect you've made a bunch of it.

i-pqjcMfs-X3.jpg


i-Fj2PMzn-X3.jpg


i-ckb5zRR-X3.jpg
 
You do have a good eye for framing a room. And I am not sure why anyone would be surprised that an iphone can take good shots with decent lighting. How many megapixels do people think we need?
 
You do have a good eye for framing a room. And I am not sure why anyone would be surprised that an iphone can take good shots with decent lighting. How many megapixels do people think we need?

that's no iphone. that's an Olympus OMD-EM5 micro 4/3 camera with a 9-18mm lens and a metz flash - shot in HDR.

that was just BikeJunkie trying to make a poor insult further undermining his credibility in this thread.
 
yes these were taken with an iPhone 3. you do realize how even more stupid you look now.

Ah, I take it that was sarcasm then. In any case, as long as the light is good the composition matters more than the glass and the CCD, imo. But you obviously know what you're doing.
 
Pops into thread....sees that we still haven't solved the 6% commission problem...leave thread crying....:'🙂'🙂'(
 
Ah, I take it that was sarcasm then. In any case, as long as the light is good the composition matters more than the glass and the CCD, imo. But you obviously know what you're doing.

you are correct, the lighting, framing and post-processing do matter more than what camera is being used. you can take terrible shots with a 10k dslr setup. my setup - body, lens, flash, tripod, flash card, and lightroom 5 for processing were about 2.5K total when purchased. now the body is far less so closer to 2K to buy brand new now.

one thing though you do need is a wide angle lens and a decent flash, and a tripod if you are going to shoot hdr and merge multiple exposures. so on some level equipment does matter. after that, it's in the hands of the photographer.
 
that's no iphone. that's an Olympus OMD-EM5 micro 4/3 camera with a 9-18mm lens and a metz flash - shot in HDR.

that was just BikeJunkie trying to make a poor insult further undermining his credibility in this thread.

I am willing to bet BikeJunkie pays the 6% commissions in reality and is just butthurt.
 
Pops into thread....sees that we still haven't solved the 6% commission problem...leave thread crying....:'🙂'🙂'(

at least I can understand why this thread is 400 posts long.

what I don't understand is how a thread about a cute orphaned lion, tiger and bear living together turned into a ~300post argument?!
 
at least I can understand why this thread is 400 posts long.

what I don't understand is how a thread about a cute orphaned lion, tiger and bear living together turned into a ~300post argument?!

At least that thread is fun! :biggrin:....this thread makes me cry!
 
still avoiding addressing any points.

Still pretending like they weren't already addressed pages ago. Been there done that, PimpleSquish. Just because you want to pretend like that ground doesn't already have 6 layers of tread on it doesn't mean it didn't happen.

You were too busy kicking and screaming like an infant and rocking yourself back and forth in the fetal position while numerous posters explained why REALTOR!!!®'s were utterly useless in most transactions, and why the public's perception of the profession is at rock bottom, and why its non-existent barriers to entry attracts bottomfeeding narcissists with potential for little else. You're all in a huff because you think you're the awesomest REALTOR!!!® out there yet you can't get any respect... well, look to the snakeoil salesmen you call colleagues if you want to understand why. That's a tip from me to you, since root cause analysis probably wasn't taught at your two week night course.

considering i am one of the top RE photographers in my market, your iPhone3 argument just shows how pathetic your insults have gotten.

LOL I guess I'll just have to take your word for it :biggrin:

Yeah, you missed the point, bud 😉 Being able to take pictures doesn't warrant highway robbery. Again, we've already covered this ground. But like a typical REALTOR!!!®, you have the attention span of a gnat and the intellectual capacity of a jelly bean. I'll briefly summarize for you: the one or two things that you (claim you can) do better than your average seller/buyer can be farmed out to REAL experts for pennies on your dollar. That is a fact, and that alone is all that is warranted by this "debate".

Professional photographer? Check. Who among us doesn't know a half dozen of them right off the bat?

ACTUAL real estate attorney? Check. For a few hundred bucks, I get true expertise from someone with a professional degree, as opposed to some clown who routinely risks his/her clients' financial well being because he likes to play pretend contract lawyer and SUCKS at it (if he didn't, he'd be an attorney and not a REALTOR!!!®).

DudeMan explained this. I explained this. You just choose not to acknowledge it in the interest of ego preservation. That's fine, but don't get your REALTOR!!!®1 panties all in a twist when others call it what it is.

seriously. just keep posting. the more you continue to avoid actually responding to points, and just post avoidance drivel, it just keeps making me smile.

I hate to burst your bubble, but perhaps you should try reading the thread, chucklehead 😉

p.s. there is a lot of shitty buggy software out there. and if your programming skills are as good as your debating skillls, i suspect you've made a bunch of it.

LOL nice try bud 😉 Keep at it, though. It's fun watching you whiff and spin yourself to the ground.
 
still avoiding addressing any points.

you should run for office. you talk a lot and address nothing. classic politician style personality.

considering i am one of the top RE photographers in my market, your iPhone3 argument just shows how pathetic your insults have gotten.

seriously. just keep posting. the more you continue to avoid actually responding to points, and just post avoidance drivel, it just keeps making me smile.

yes these were taken with an iPhone 3. you do realize how even more stupid you look now.

p.s. there is a lot of shitty buggy software out there. and if your programming skills are as good as your debating skillls, i suspect you've made a bunch of it.

i-pqjcMfs-X3.jpg


i-Fj2PMzn-X3.jpg


i-ckb5zRR-X3.jpg

Those look like they came out of an Ikea catalog.
 
Still pretending like they weren't already addressed pages ago. Been there done that, PimpleSquish. Just because you want to pretend like that ground doesn't already have 6 layers of tread on it doesn't mean it didn't happen.

You were too busy kicking and screaming like an infant and rocking yourself back and forth in the fetal position while numerous posters explained why REALTOR!!!®'s were utterly useless in most transactions, and why the public's perception of the profession is at rock bottom, and why its non-existent barriers to entry attracts bottomfeeding narcissists with potential for little else. You're all in a huff because you think you're the awesomest REALTOR!!!® out there yet you can't get any respect... well, look to the snakeoil salesmen you call colleagues if you want to understand why. That's a tip from me to you, since root cause analysis probably wasn't taught at your two week night course.



LOL I guess I'll just have to take your word for it :biggrin:

Yeah, you missed the point, bud 😉 Being able to take pictures doesn't warrant highway robbery. Again, we've already covered this ground. But like a typical REALTOR!!!®, you have the attention span of a gnat and the intellectual capacity of a jelly bean. I'll briefly summarize for you: the one or two things that you (claim you can) do better than your average seller/buyer can be farmed out to REAL experts for pennies on your dollar. That is a fact, and that alone is all that is warranted by this "debate".

Professional photographer? Check. Who among us doesn't know a half dozen of them right off the bat?

ACTUAL real estate attorney? Check. For a few hundred bucks, I get true expertise from someone with a professional degree, as opposed to some clown who routinely risks his/her clients' financial well being because he likes to play pretend contract lawyer and SUCKS at it (if he didn't, he'd be an attorney and not a REALTOR!!!®).

DudeMan explained this. I explained this. You just choose not to acknowledge it in the interest of ego preservation. That's fine, but don't get your REALTOR!!!®1 panties all in a twist when others call it what it is.



I hate to burst your bubble, but perhaps you should try reading the thread, chucklehead 😉



LOL nice try bud 😉 Keep at it, though. It's fun watching you whiff and spin yourself to the ground.

no you didn't respond to most of my points. all anyone has to do is go back through the last bunch of pages to see that. and i think some people have and see the same thing.

and you just make shit up. like real nutty shit. most of your entire post is make-believe. for example:

Yeah, you missed the point, bud 😉 Being able to take pictures doesn't warrant highway robbery. Again, we've already covered this ground. But like a typical REALTOR!!!®, you have the attention span of a gnat and the intellectual capacity of a jelly bean.

being able to take good pics doesn't give me permission to do highway robbery? i never made a point remotely close to this and you think it's 'GROUND WE COVERED ALREADY' holy batshit crazy batman.

that shit is in la-la land. most of your post is you doing this repeatedly - arguing with the voices in your head that tell you this made-up info and you respond with another voice in your head.

you are kinda nuts and have a hard time dealing with reality. i'm worried about you.
 
$500k house
6% = $30k 😱

all the agent did was take a pic and list it, plus be there a couple of days for an open house.
plus a few min of negotiations. and a few min with you at the lawyers office for the closing.

no way did the agent do $15k worth of work. (other $15k went to the buyer's agent.)

So why is 6% still the rule of thumb, and how do we fix it?

One solution is for the govt to tax anything over $5k commission.
every $5k in commission is a 10% tax, max at 50%.

might encourage $4995 flat fees for full service?

whoever said stuff like that wasnt negotiable. i sold two condos in downtown sf in 2012 and the third realtor i met with offered to do it for a 3% commision.
 
I support the 6% just because its keeps the industry alive. I am sure millions work in this field just because there is a 6% fees. I know selling realtors who put their own time and money to make the house beautiful. Bring their own decorative pieces, do handy man jobs, paint and so on just so that the property would sell quicker or fetch more money. And then I know realtors who done even bother to take good pictures, they use their stupid phones to take pictures while holding it in portrait or vertical form.

Every seller pays for it so it kinda evens out our cost. Some times you are a buyer sometimes a seller. As a buyer you get this guy who works is ass off for you at no cost, so I think its a fair deal. People should stop whining...
 
What the heck is a "RE photographer"??? Real Estate? didn't know that they had their own classification.

Yep, they do. Just like how there are portrait photographers, sports photographers, etc.
RE Photography is like a gateway to a lot of things. Lighting still objects can be difficult.
 
What the heck is a "RE photographer"??? Real Estate? didn't know that they had their own classification.

that is correct. why wouldn't it have it's own classification? the only thing i shoot professionally and get paid for is real estate ergo i'm a real estate photographer. although people have been asking me to shoot engagement photos and events because they've seen other work of mine, especially the shoot i did for my sister and brother in law the day after their wedding - so i decided when a friend asked me to do his engagement photos last week i said yes - i'd do it for free since i am not a pro at shooting portrait type shots. if the shots turn out great, i get them for my portfolio, if they don't then he isn't out anything. seemed like a fair offer.

there are architectural photographers but that is different. those guys are on another level the good pros. they often do full day shoots with large lighting setups and have an assistant. they also use tilt-shift lenses a lot, which i'd love to get someday.
 
no you didn't respond to most of my points.

Actually, I did. I have, as has DudeMan. Unfortunately, you engage in the same strategy that other feeble-minded losers resort to: when defeat is inevitable, attempt to restart the entire argument by pretending you've been ignored, all in the hope that your adversaries will just give up and walk away. When they do go away, you confuse their apathy and disinterest in playing your games for their concession. I'd say nice try, but it's not really. The fact is, your profession has been debunked HARD in this thread (and try googling "realtors suck" - the Internet debunked your ass long before I ventured into this thread). It's been explained to you both in terms of logic and by example; you just don't want to hear it. So I'm going to lay it out for you one last time. Go ahead, claim you're still being ignored after this, because we've put these points to YOU and you have repeatedly failed to address them. So take your medicine and suit up:

- Early in the thread, you used the amount of work that you do as evidence that your commission is deserved and that your services are valuable. Non sequitor. Show me that you can sell/buy my house faster and with more bulletproofing than I can on my own, and for less cost (account for your 6% commission). It can't be done, and the amount of shit work that you get pulled into as an agent has no bearing on your value to me whatsoever. You say you're left with shitty buyers and sellers who can't make decisions? Yeah no shit. Those of us who are ready to do business already know we don't need your "services".

- In the same post quoted above, you said:

also what you get when you work with an agency is promotion. we list something and it gets pushed to hundreds of sites.

No shit. The rest of us call that "the Internet," and we have access to any number of services that can perform the same tricks you seem to regard as "magic."

Fun note: you were ranting at yet another person when you wrote that post. The point being, your "profession" has a very serious PR issue - probably the worst of damn near any profession. Sorry, but you're going to spend the rest of your life trying to convince them/us/YOU that it's worth more than it really is. If I'm the guy you need to vent at today, then so be it. But long after I get tired of trying to talk sense to a pile of rocks, you'll still be fighting the same fight. Sucks to be you.

- You said here that you haven't even been in the business for a year. Even your fellow snakeoil salesmen would tell you that you haven't nearly enough experience to be operating on your own. I almost wonder if I've done more closings than you have 🙂 Your brethren claim that 10 years is the minimum experience necessary for an agent to be truly "qualified" (whatever the hell that means). So yeah...

- You said here that FSBO is "notoriously unsuccessful," yet here in this thread you have a number of people telling you just the opposite. But because it doesn't fit your agenda, you like to pretend those posts don't exist. But go ahead and keep drinking the REALTOR!!®!! Kool Aid... I'm just not so sure it will help you with reality. As time goes on, you'll see more and more FSBO's, especially as online sites get better and better at perfecting what little hand-holding is necessary (I claim none, but whatever). What you'll be left with are the clients you've already bitched about in this thread: people who don't know what the fuck they want and are constantly waffling over this that and the other.

- In several posts in this thread, you cite your own expenses (brokerage fees, taxes, etc) as justifications for the 6%. What you've consistently failed to grasp is that no one gives a fuck about those fees. At the end of the day, you're still asking for 6%, and for PENNIES (compared to that) I can get the job done myself, without any middlemen, and with far more expertise. This is one of the more substantial points you've deliberately ignored: you can't hold a candle to a real estate ATTORNEY. You can take good pictures? GREAT, then be a photographer. I can get myself an attorney, photographer, and an appraiser all for about $1000. If I want to go balls to the wall, I can also get a stager (a service most real estate agents don't provide anyway). The takeaway is, there's not one single damn thing that you bring to the table that can be farmed out for far, FAR better value. Realtors like to think they're some sort of jack of all trades. In reality, they know just enough to be dangerous in a few of them and are an expert at none of them. In other words, totally fucking useless.

- On page 3, I laid out the bulk of my argument, as did DudeMan, and FelixDeCat. You ignored ALL of those arguments wholesale (you quoted nobody and you countered nothing), so quit your childish bitching about people ignoring your "points." You haven't made any that weren't already trashed before you hacked them out later on. The reason you're not being taken seriously now is because a) your little episode early on shot any credibility you thought you had, and b) you've not addressed anyone else's points. Everyone invested their efforts in supporting their argument long ago. If you take issue with what was said, quote it and hit it head on. The way you're going about it now is woefully transparent and pathetic.

So if you truly want to have a serious discussion and you want your points taken seriously, then try to say something of substance in the first place, and go through what's already here and offer something new. If you're just going to snap back with a bunch of rhetoric and nonsense, we'll both know you've got no leg to stand on here: your profession is a dying breed. For the same reasons we no longer pay people to screw on bottle caps, we'll soon be rid of realtors, too.

you are kinda nuts and have a hard time dealing with reality. i'm worried about you.

So nuts I've saved several hundred thousand dollars in realtor fees 😉 I've received not one, not two, but THREE PM's regarding a previous meltdown you had in some bizarre watch thread. This is your MO. You take a weak-minded stab at an intelligent conversation, and when you fail to convert people to your belief system, you go completely off the rails and make a fool of yourself. This thread has been no different, so you calling me "kinda nuts" is just fine with me 😉
 
The fact is, your profession has been debunked HARD in this thread

incorrect. there have been many posters that do believe realtors can and are earning their money. if i was a lone wolf you'd have a point. unfortunately since you state the above, it shows how out of touch with reality you are since you think this thread has done that. sure, if almost everyone agreed, perhaps, and even then it's only an internet off topic forum thread with say 40 people involved in it, not sure how that would be an emphatic statement an entire profession has been debunked, whatever profession that might be.


Show me that you can sell/buy my house faster and with more bulletproofing than I can on my own, and for less cost (account for your 6% commission). It can't be done, and the amount of shit work that you get pulled into as an agent has no bearing on your value to me whatsoever.

i can't prove nor disprove that i can sell your house faster and with more bulletproofing than you can, because as I've stated repeatedly YOU CAN BUY AND SELL RE ON YOUR OWN AND DO IT VERY WELL. it's just not for everyone, as you consistently claim. you make no sense. there are some resources that we have that can add to the speed of the sale -we have many buyers we are working with. and so do our colleagues. once it's spread around the office, there is an instant buyer pool to be sourced. Also most 1st time buyers have no fucking clue about what goes on during a 45 day closing. We tell them, and then they feel confident enough to see properties, etc...

You say you're left with shitty buyers and sellers who can't make decisions? Yeah no shit. Those of us who are ready to do business already know we don't need your "services".

no the reason we are left with shitty buyers and sellers is because 99% of people do use realtors, not because most people don't use realtors. if your statement was correct, MOST re would be sold and bought independently of realtors. therefore we deal with both the serious buyers and sellers and the bullshit ones BECAUSE WE CURRENTLY OWN THE RE MARKET. you live in a weird world of imaginary things.

No shit. The rest of us call that "the Internet," and we have access to any number of services that can perform the same tricks you seem to regard as "magic."

no shit. another fun note. there are some people out there who suck at the internet. they have no idea of the resources available. mostly people that are 30 and over, and especially 40-50 and older. so they would have no clue what they could harness online. as the younger generation that has grown up with the internet gets older i do suspect that realtors will be utilized less and less because they will be far more aware of the online world. however, again this just proves me right, you see everything in black and white. i said there are people who can and people who can't sell and buy RE and people who can. you think everyone can. just like this internet thing. man you are thickheaded


You said here that you haven't even been in the business for a year. Even your fellow snakeoil salesmen would tell you that you haven't nearly enough experience to be operating on your own. I almost wonder if I've done more closings than you have 🙂 Your brethren claim that 10 years is the minimum experience necessary for an agent to be truly "qualified" (whatever the hell that means). So yeah...

I have never seen nor heard my brethren say anything of the sort about 10 years being needed. You have any sources or did you just make that up like most of the rest of your world? I can tell you that realtors from multiple agencies have told me if you work hard and smart, 2-3 years you will be an excellent and successful agent. Not sure who your sources are since you say nothing just keep making exorbitant claims. Also at most bigger firms (not sure about little) there is a lot of training done early on, and you also work with an experienced realtor on your first couple transactions they don't just send you out there to the wolves with just RE school certificate. Those 'mentors' get a cut of your commission if they choose to.

You said here that FSBO is "notoriously unsuccessful," yet here in this thread you have a number of people telling you just the opposite. But because it doesn't fit your agenda, you like to pretend those posts don't exist.

Again this proves your insanity. i have REPEATEDLY said that yes indeed some people can be very good and successful at selling and buying RE. but because it doesnt fit your agenda, you like to pretend those posts don't exist. that's the sign of a person losing a debate because they alter reality to make themselves think they are right.

- In several posts in this thread, you cite your own expenses (brokerage fees, taxes, etc) as justifications for the 6%. What you've consistently failed to grasp is that no one gives a fuck about those fees. At the end of the day, you're still asking for 6%, and for PENNIES (compared to that) I can get the job done myself, without any middlemen, and with far more expertise. This is one of the more substantial points you've deliberately ignored: you can't hold a candle to a real estate ATTORNEY. You can take good pictures? GREAT, then be a photographer. I can get myself an attorney, photographer, and an appraiser all for about $1000. If I want to go balls to the wall, I can also get a stager (a service most real estate agents don't provide anyway). The takeaway is, there's not one single damn thing that you bring to the table that can be farmed out for far, FAR better value. Realtors like to think they're some sort of jack of all trades. In reality, they know just enough to be dangerous in a few of them and are an expert at none of them. In other words, totally fucking useless.

there is more involved to it than that but yet again, I NEVER SAID IT CAN"T BE DONE by individuals. but a lot of people have no business sense, or aren't that smart enough to be able to do it, and some people are smart but just lack some of the skillset needed. and some people HAVE the time but simply don't want to put in the time of dealing with things like all the showings, the time online spent promoting, vetting renters, vetting buyers, etc.etc etc.... again just you ignoring my constant point that this is a gray area discussion, not black and white.

- On page 3, I laid out the bulk of my argument, as did DudeMan, and FelixDeCat. You ignored ALL of those arguments wholesale (you quoted nobody and you countered nothing), so quit your childish bitching about people ignoring your "points."

as shown above i have responded to everything and you are consistently shown to be out of touch with the reality of this thread. the only thing i agree with in this quote is that realtors will be a lot less needed as the tech savvy generation ages and also technology via some smart start-ups will appear and also help to make it easier to buy and sell on your own. but it's a decent ways away, but why I plan to start investing in RE when I get the money in a few years so I build another source of income for the decades ahead when I will be needed less and less. However even then there will simply be a lot of people who simply don't want to put the time in because of their already busy lives and guess what, there will be plenty of those.


So nuts I've saved several hundred thousand dollars in realtor fees 😉 I've received not one, not two, but THREE PM's regarding a previous meltdown you had in some bizarre watch thread. This is your MO. You take a weak-minded stab at an intelligent conversation, and when you fail to convert people to your belief system, you go completely off the rails and make a fool of yourself. This thread has been no different, so you calling me "kinda nuts" is just fine with me 😉

Again, I never implied it was nuts you saved money in realtor fees. I have stated repeatedly that if someone can do it and has the time and wants to put it in, they can do it very well. So this makes your statement yet again fucking insane. I even said good for you. I mean who can have a discussion with someone so fucking willingly obtuse. As far as a watch thread, sure, I've made a few stupid drunk posts on the web before, I can live with it. In this thread I've simply methodically proven you choose to ignore what you don't want to hear


And I'd like you to please elaborate on if you feel there are any other professions that are total rip offs. Let's start with a few.

Painters. Listen, a trained monkey could practically paint a house inside or out. Yet people hire them. Does that make professional painters snakeoil salesemen? It should based upon everything you said here.

Plumbers. They do charge some pretty decent coin. I gave the example that to change all the fixtures in a kitchen faucet, they wanted like $300 or a bit more. I thought it was too much, got my tools and figured it out myself and did it in about 1.5 hours. I guarantee you a lot of people could do it themselves but don't. So plumbers must be snakeoil salesmen for charging for these small type jobs (there are some serious plumbing issues that require a much higher level of knowledge, but for basic plumbing) According to you yes.

What about construction. For stuff like say doing some re-tiling, or say a backsplash in a kitchen. That could easily be self-taught. A worthless profession for those jobs? I dunno, you tell me. You seem to be an expert.

Basic bicycle repair. I worked in a bike shop. There are so many minor adjustments that are done to fix certain issues that take under 5 minutes yet are charged at say $30-40 bucks in this market. Teaching yourself basic bicycle repair is not that hard for some people. So tell me, are bike mechanics thieves as well?


Hmmmm, what about oil changes. One of the easiest things a person can do on their own. And yet the vast majority of people don't. What's up with that. Can you put that in your paradigm and explain how you feel about it. Oil changes are a fuck load easier to do than buy and sell RE (well maybe not in your loony land)

And finally, building a pc. Probably one of the biggest reasons this forum'd popularity started driven from the good content of AT's main site. It's really not that hard to people like you and me and most posters in this thread probably to teach ourselves how to build pc's. I taught myself yet it remains a niche enthusiast market. Please start preaching about how pc makers should have been totally unnecessary the last 10 years at least when getting pc parts has been so easy, and eveyone is an idiot for not taking the time to teach themselves and then build pc's. AND overclocking it (which i found easy) oh and everyone should teach themselves how to root a phone and get rid of all the carrier bloatware (another thing pretty easy to do for say someone like me or yourself who has the intelligence and drive to do it. It's easier than selling or buying RE)

Please let us know your feelings on these and a zillion other things people could do to save themselves money and why those who provide those services and/or sell them those products are unnecessary scum.


Edit: oh and your $1,000 for attorney, photographer, appraiser and everything you need to sell a home you should just know....i'll tell you a secret, there are many differently priced markets in this country. in this market, an RE attorney is $1300. oh and you forgot home inspector. and btw you don't need an appraiser if it's a cash deal. just a couple simple facts for you. just an fyi
 
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And I'd like you to please elaborate on if you feel there are any other professions that are total rip offs. Let's start with a few.

You're confusing the intent of the word rip-off. Painters, plumbers, etc. provide a service and subsequently expect to be paid. That's not unreasonable nor is it really unreasonable for a real estate agent to expect the same in theory. The word rip-off comes into play when you take a deeper dive and consider the effort put in versus the value that was received by the client. I agree that some clients are probably very obnoxious, but that isn't what we're discussing here. The main point is the $/hr, which is the first order indication of low value for a client, at least for this.

No, I don't know where the line is in terms of $/hr being worthwhile or a rip-off. It's a moving target, but I think we could all agree on certain ranges being egregious. For example, a plumber may charge $75 or $100 per hour and most people would find that range to be reasonable depending on the type of work, but people would find another plumber if the charge was $300 or more.

I also know an agent most likely has to put in more time than I would to sell my house, but that's because of the fragmentation of their time investment due to driving and having other clients. That doesn't really change the underlying issue, though. I sold my house with approximately 30 hours of effort and I sold my last house in probably 45 or 50. I purchased my last three houses in less time than it would have taken with a realtor, so that's a win regardless of how it's sliced. No waiting on telephone relays for negotiating or the dozens of other things that need to be discussed AND I had a significant bargaining position: "ok, now that we've negotiated down to 96.5% of asking, take another 3% off because I don't have a realtor."

You have a few valid points, but, overall, the main issue is the outrageous cost for a low amount of work and arguably the same result. I say that because there have been valid points made with respect to the outcome, but percentage based income is extremely hard to justify especially for unskilled trades and this isn't an exception. Some might argue that a house worth $10 million would be harder to sell (for the most part, I disagree, but I'm merely painting a picture here) than a house worth $100k. Okay, we can debate that, but two houses worth $200k and $230k are going to be exactly the same amount of effort for anyone to sell and that's the real issue with the current fee model. The extra $1,800 in realtor fees are a complete waste of money for the clients on both end of that deal and there's no way to defend that.
 
I support the 6% just because its keeps the industry alive. I am sure millions work in this field just because there is a 6% fees. I know selling realtors who put their own time and money to make the house beautiful. Bring their own decorative pieces, do handy man jobs, paint and so on just so that the property would sell quicker or fetch more money. And then I know realtors who done even bother to take good pictures, they use their stupid phones to take pictures while holding it in portrait or vertical form.

Every seller pays for it so it kinda evens out our cost. Some times you are a buyer sometimes a seller. As a buyer you get this guy who works is ass off for you at no cost, so I think its a fair deal. People should stop whining...

You're willing to part with money to avoid a trivial amount of work, which is your right. Other people are more self-motivated and logical. It isn't whining to discuss the difference.
 
incorrect. there have been many posters that do believe realtors can and are earning their money. if i was a lone wolf you'd have a point. unfortunately since you state the above, it shows how out of touch with reality you are

Enjoy

Who's out of touch? Not that popular appeals will ever take the place of a logical argument, but the point stands: your profession is a PR nightmare. If you think I'm the end of the line, or this thread is the end of the line, you're in for a helluva ride. I know you're extremely inexperienced, so trust me when I tell you that your feet aren't even wet.

i can't prove nor disprove that i can sell your house faster and with more bulletproofing than you can

Yeah, except you're leaving out half the picture here: your 6% commission and the "value" it allegedly buys your clients. You have still failed to justify what is essentially an enormous mark-up on the "services" you provide. On a $300,000 house, you are charging $18,000 for services that can be had for $1,000, and the latter are of significantly higher quality. What is the other $17,000 for? A convenience fee for people who haven't found the various FSBO sites yet?

And you keep trying to fall back on "well FSBO isn't for everyone." The reason it's not for everyone is because realtors have made an art of out of obfuscating the process. "Oh, FSBO's are hard to deal with..." "Oh, talking to the other party is really scary and I'm an excellent negotiator" "Oh, I have a network of inspectors and lenders that you couldn't possibly locate on your own." "Oh, the contract is really tricky." Realtors have, for years, used fear to protect their own interests.

Let's take your average potential client who neither knows about the FSBO process or how change the clutch in their car:

"Hey, did you know you can actually sell your house on your own for 1/18th the cost if you go it alone? Go to this site to upload your listing and then call a real estate attorney. You just saved $18,000."

"Hey, did you know you could change the clutch in your car if you just followed these steps? blah blah blah steps blah blah blah. You just saved $1,000."

Which do you think has a much higher chance of converting the subject to a DIY'er? Yeah, exactly.

no the reason we are left with shitty buyers and sellers is because 99% of people do use realtors, not because most people don't use realtors. if your statement was correct, MOST re would be sold and bought independently of realtors. therefore we deal with both the serious buyers and sellers and the bullshit ones BECAUSE WE CURRENTLY OWN THE RE MARKET. you live in a weird world of imaginary things.

Hey look, a straw man! No one has disputed that; in fact, it's what a lot of us take issue with: the lengths you and your ilk go to to maintain that ownership borders on outright fraud. Holding back offers, not showing your clients FSBO's, etc. The list goes on and on. Just more evidence that you haven't read/understood the thread. The only reason the profession exists is because you can control who sees what... or at least used to. That's changing rapidly, and it scares the shit out of you people. It's why you all foam at the mouth when threads like this surface. You can try to attack my career, but it's no big deal. Someone shines a light on all that's wrong with realtors, and you all start having strokes. When you shine that light on it, all the mystique and ambiguity disappears and people realize "holy shit, I can do this!"

no shit. another fun note. there are some people out there who suck at the internet. they have no idea of the resources available. mostly people that are 30 and over, and especially 40-50 and older. so they would have no clue what they could harness online. as the younger generation that has grown up with the internet gets older i do suspect that realtors will be utilized less and less because they will be far more aware of the online world. however, again this just proves me right, you see everything in black and white. i said there are people who can and people who can't sell and buy RE and people who can. you think everyone can. just like this internet thing. man you are thickheaded

All this amounts to is "realtors are for the uninformed." Yeah, I don't disagree with you there. Seriously, did you read that before posting it? Then of course there's the backpeddling, but I'll just attribute that to the fact that you're finally realizing that I'm right, you just can't admit it outright. Regardless, you have STILL yet to furnish one iota of value that you bring to the table. Exploiting the uninformed is not "value." It's exploitation.

Again this proves your insanity. i have REPEATEDLY said that yes indeed some people can be very good and successful at selling and buying RE. but because it doesnt fit your agenda, you like to pretend those posts don't exist. that's the sign of a person losing a debate because they alter reality to make themselves think they are right.

Was linking to your post not sufficient? Okay, I'll quote it, then:

go FSBO. let the market decide if you can pull it off. you may do it. FSBO is notoriously unsuccessful for most of the time but it can work.

Bolded for your pleasure, since you appear to be too lazy to click the link (typical of realtors amirite?)

So which is it? You seem to be having difficulty with your footing here, and you can't quite decide how "against" FSBO's you are. Maybe it's you who should be a politician 😉

I NEVER SAID IT CAN"T BE DONE by individuals

LMFAO and I never claimed you did! You're great at this straw man thing! The part you quoted before typing that drivel was simply stating that your services are horrifically overpriced for the insanely little value that you bring to the table. Re-read it again, this time with your eyes OPEN:

BikeJunkie said:
In several posts in this thread, you cite your own expenses (brokerage fees, taxes, etc) as justifications for the 6%. What you've consistently failed to grasp is that no one gives a fuck about those fees. At the end of the day, you're still asking for 6%, and for PENNIES (compared to that) I can get the job done myself, without any middlemen, and with far more expertise. This is one of the more substantial points you've deliberately ignored: you can't hold a candle to a real estate ATTORNEY. You can take good pictures? GREAT, then be a photographer. I can get myself an attorney, photographer, and an appraiser all for about $1000. If I want to go balls to the wall, I can also get a stager (a service most real estate agents don't provide anyway). The takeaway is, there's not one single damn thing that you bring to the table that can't be farmed out for far, FAR better value. Realtors like to think they're some sort of jack of all trades. In reality, they know just enough to be dangerous in a few of them and are an expert at none of them. In other words, totally fucking useless.

Care to point out where I claimed you said it couldn't be done? You don't have any fucking idea what you're reading, do you? I was speaking to the value proposition of the two choices. Have I been giving you too much credit?

I'll respond to the rest of your post - and any future ones - as soon as you can demonstrate even a modicum of reading comprehension.
 
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