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Home > Archive > Real estate forum > June 2005 > The end of 6% commission price fixing?
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The end of 6% commission price fixing?
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| Stephen Horrillo 2005-06-16, 1:58 pm |
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On 22-Apr-2005, "John Harlow" <johnharlow@gmail.com> wrote:
quote:
> Hopefully...
>
> http://money.cnn.com/2005/04/22/rea...dex.htm?cnn=yes
Common sense should tell you that the last entity you want to short change
is the one who's between you and your buyer. Not to mention the average
Agent makes just above the poverty level charging 6%. If it wasn't for their
husband's/wife's job or their own second job they would be on welfare and
costing YOU money.
--
Warmest regards,
Stephen Horrillo, Realtor / C.Ht.
For MLS & Computer Training: http://www.BrokerAgentTraining.com
Realtors Earn Over 100% at EXIT: http://www.over100percent.com
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| Tyrone 2005-06-16, 1:58 pm |
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"Stephen Horrillo" <usenet@stephenhorrillo.com> wrote in message
news:ozAae.96649$f%4.1498@bignews1.bellsouth.net...
quote:
>
> On 22-Apr-2005, "John Harlow" <johnharlow@gmail.com> wrote:
>
http://money.cnn.com/2005/04/22/rea...state/index.htm
?cnn=yes[vbcol=seagreen]
>
> Common sense should tell you that the last entity you want to short
change
quote:
> is the one who's between you and your buyer. Not to mention the
average
quote:
> Agent makes just above the poverty level charging 6%. If it wasn't for
their
quote:
> husband's/wife's job or their own second job they would be on welfare
and
quote:
> costing YOU money.
>
> --
Give me a break. I guess you are too young to remember when R/E
commissions were 4%. They jacked them up to 6% and claimed it was to
keep up with inflation. When you are selling a product that is directly
tied to inflation, this argument doesn't hold water. Because most
agents are either too lazy or too dumb to have a clue, we should let
they vacuum our wallets? Either way, it results in them being on
welfare. I would much rather the state gives them a welfare check from
my taxes. At least they would understand the truth, instead of thinking
they were actually performing a valuable service
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"Tyrone" <Tyrone@innercity.net> wrote in message news:6ACae.106457$cg1.80866@bgtnsc04-news.ops.worldnet.att.net...
"Stephen Horrillo" <usenet@stephenhorrillo.com> wrote in message
news:ozAae.96649$f%4.1498@bignews1.bellsouth.net...
quote:
>
> On 22-Apr-2005, "John Harlow" <johnharlow@gmail.com> wrote:
>
http://money.cnn.com/2005/04/22/rea...state/index.htm
?cnn=yes[vbcol=seagreen]
>
> Common sense should tell you that the last entity you want to short
change
quote:
> is the one who's between you and your buyer. Not to mention the
average
quote:
> Agent makes just above the poverty level charging 6%. If it wasn't for
their
quote:
> husband's/wife's job or their own second job they would be on welfare
and
quote:
> costing YOU money.
>
> --
Give me a break. I guess you are too young to remember when R/E
commissions were 4%. They jacked them up to 6% and claimed it was to
keep up with inflation. When you are selling a product that is directly
tied to inflation, this argument doesn't hold water. Because most
agents are either too lazy or too dumb to have a clue, we should let
they vacuum our wallets? Either way, it results in them being on
welfare. I would much rather the state gives them a welfare check from
my taxes. At least they would understand the truth, instead of thinking
they were actually performing a valuable service
I'm curious to know what the non-realtors do for their salary...especially the one who are so very critical of those in the real estate field.
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| Tyrone 2005-06-16, 1:58 pm |
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"LFR" <LFR@hotmail.com> wrote in message
news:cQpbe.39107$Zr.30005@lakeread08...
quote:
> I'm curious to know what the non-realtors do for their
salary...especially the one who are so very critical of
quote:
> those in the real estate field.
If you are referring to me, I buy and sell residential real estate for a
living. For the most part I try to avoid real estate agents, if at all
possible. I find that they are on about the same level as used car
salesmen. Most of them are too dumb to understand how little their
service is really worth. They actually think they have something to
offer. The truth is, generally speaking, you will never meet a more
unprofessional bunch of people. Most cant answer simple questions.
Instead of telling you, they can't answer the question but will find the
answer, they will try to BS you. Sadly, the average buyer or seller
doesn't have a BS detector. So......... because of this, they get taken
advantage of by the agents, instead of being treated fairly. I have
only found one agent that I occasionally work with. This guy isn't
afraid to admit when he doesn't know something.
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"Tyrone" <Tyrone@innercity.net> wrote in message news:mHvbe.651097$w62.114978@bgtnsc05-news.ops.worldnet.att.net...
"LFR" <LFR@hotmail.com> wrote in message
news:cQpbe.39107$Zr.30005@lakeread08...
quote:
> I'm curious to know what the non-realtors do for their
salary...especially the one who are so very critical of
quote:
> those in the real estate field.
If you are referring to me, I buy and sell residential real estate for a
living. For the most part I try to avoid real estate agents, if at all
possible. I find that they are on about the same level as used car
salesmen. Most of them are too dumb to understand how little their
service is really worth. They actually think they have something to
offer. The truth is, generally speaking, you will never meet a more
unprofessional bunch of people. Most cant answer simple questions.
Instead of telling you, they can't answer the question but will find the
answer, they will try to BS you. Sadly, the average buyer or seller
doesn't have a BS detector. So......... because of this, they get taken
advantage of by the agents, instead of being treated fairly. I have
only found one agent that I occasionally work with. This guy isn't
afraid to admit when he doesn't know something.
OK...
Not all agents are unprofessional...but it sounds like your experience makes you believe otherwise (and I'm sure you're correct). As with all occupations, it just takes a few to make the whole lot look bad.
Since you are experienced in real estate dealings, you don't need guidance and hand-holding. First-timers, however, do need a lot of information. I try to make sure ALL of their questions are answered and give them a step-by-step picture of the whole process. I recall writing a contract for a first-timer that took almost 4 hours as I took the time to explain every paragraph to their satisfaction. I wanted to make sure they knew what they were signing.
As to the topic...commissions aren't fixed...they're negotiated...and I'm sure there are going to be comments to the contrary!!!
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| Stephen Horrillo 2005-06-16, 1:58 pm |
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On 27-Apr-2005, "LFR" <LFR@hotmail.com> wrote:
quote:
> The truth is, generally speaking, you will never meet a more
> unprofessional bunch of people. Most cant answer simple questions.
> Instead of telling you, they can't answer the question but will find the
> answer, they will try to BS you. Sadly, the average buyer or seller
> doesn't have a BS detector. So......... because of this, they get taken
> advantage of by the agents, instead of being treated fairly.
So you are operating under the belief that most people are gullible and most
Realtors are liars. I don't see how that sort of grim view of the world is
going to serve you well as a positive one. I've never met a successful
person who carried around those sort of judgments. More often than not, "you
get what you expect."
--
Warmest regards,
Stephen Horrillo, Realtor / C.Ht.
For MLS & Computer Training: http://www.BrokerAgentTraining.com
Realtors Earn Over 100% at EXIT: http://www.over100percent.com
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| Tyrone 2005-06-16, 1:58 pm |
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"Stephen Horrillo" <usenet@stephenhorrillo.com> wrote in message
news:u5_be.105615$f%4.90036@bignews1.bellsouth.net...
quote:
>
> On 27-Apr-2005, "LFR" <LFR@hotmail.com> wrote:
>
the[vbcol=seagreen]
taken[vbcol=seagreen]
>
> So you are operating under the belief that most people are gullible
and most
quote:
> Realtors are liars. I don't see how that sort of grim view of the
world is
quote:
> going to serve you well as a positive one. I've never met a successful
> person who carried around those sort of judgments. More often than
not, "you
quote:
> get what you expect."
>
> --
Interesting point is, when it comes to Realtors, I have almost always
gotten exactly what I expect. But then what would you expect from a
profession, and I use the term lightly, that only requires about a
weekend of education to get a license? Statistics show that 10% do 90%
of the sales. The other 90% are simply "Cling-Ons" looking to pick up
the scraps, just like cockroaches. I find it interesting that you
choose to defend them. It appears that you yourself, have a hard time
distinguishing the good from the bad or fail to recognize how pervasive
the problem really is.
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| Stephen Horrillo 2005-06-16, 1:58 pm |
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On 28-Apr-2005, "Tyrone" <Tyrone@innercity.net> wrote:
quote:
> Interesting point is, when it comes to Realtors, I have almost always
> gotten exactly what I expect. But then what would you expect from a
> profession, and I use the term lightly, that only requires about a
> weekend of education to get a license? Statistics show that 10% do 90%
> of the sales. The other 90% are simply "Cling-Ons" looking to pick up
> the scraps, just like cockroaches. I find it interesting that you
> choose to defend them. It appears that you yourself, have a hard time
> distinguishing the good from the bad or fail to recognize how pervasive
> the problem really is.
I've yet to see an education program prepare any student for real life
situations. Four years in law school and Attorneys don't have a clue either.
I agree with you that lack of practical education is a part of the problem.
The other part of the problem is that the people who choose realty don't
seem to be well suited to the job. IMO the 10% you speak of have had
previous hard core sales experience and are entrepreneurs at heart. The
"Cling-Ons" would do far better in a structured 9-5 job with a manager
telling them what they need to do. What attracts these sort of people to
real estate, I have no idea. There seems to be an aura of fantasy that
pervades the industry. The natural progression of a real estate agent should
ultimately lead to them becoming a full time property investor, eventually
giving up their license as a liability to their further success.
--
Warmest regards,
Stephen Horrillo, Realtor / C.Ht.
For MLS & Computer Training: http://www.BrokerAgentTraining.com
Realtors Earn Over 100% at EXIT: http://www.over100percent.com
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