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Realtors = the most incompetent "profession"?

If there is any profession that makes law look like a bastio...
filthy dysfunction property
  08/02/15
(Dumbass faggot who doesn't k ow that there are only three p...
garnet hot knife lodge
  08/03/15
It's a job you can do without a college degree.
brilliant indian lodge
  08/02/15
LOLjLOL at US 6% commissions. What a joke: 3 to 6 times hig...
fishy macaca point
  08/02/15
Want to sell your house? Just give me 6% of its entire value...
filthy dysfunction property
  08/02/15
isn't it 6% split between buyer and seller?
Passionate codepig depressive
  08/02/15
the seller always pays the entire commission (it is drawn fr...
filthy dysfunction property
  08/02/15
I mean, if the buying agent is bringing people through your ...
razzle rusted field trump supporter
  08/02/15
"selling agents aren't doing anything you can't do your...
Onyx milk voyeur
  08/02/15
buyer doesn't pay it though, it all comes out of the sale pr...
Adventurous Pistol
  08/02/15
well that's different than it being 6% of the value of the h...
Passionate codepig depressive
  08/02/15
are you dense? house sells for 100k. that means that only 9...
filthy dysfunction property
  08/02/15
Try selling it for $100k without agents and you'll see what ...
Passionate codepig depressive
  08/02/15
You *must* use an agent because they have this big cabal goi...
filthy dysfunction property
  08/02/15
ljl @ this so you get more than you would without them, b...
Passionate codepig depressive
  08/02/15
*creates a rent-seeking transaction fee* *makes it impossib...
filthy dysfunction property
  08/02/15
realtors aren't mandated by law, afaik maybe you are talk...
Passionate codepig depressive
  08/02/15
As a practical matter, they are necessary. This will be the ...
filthy dysfunction property
  08/02/15
Redfin is the closest thing.
dark range potus
  08/02/15
tbf, 95% of most realtor's value for selling a home is enter...
Adventurous Pistol
  08/02/15
MLS for everyone!
Passionate codepig depressive
  08/02/15
MLS is open to non-realtors. Plenty of websites will let you...
filthy dysfunction property
  08/02/15
someone should sue these fuckers under RICO
Tripping box office
  08/02/15
*nukes the Jewish cabal*
Passionate codepig depressive
  08/02/15
jews do development and prop management and investing. mo...
Tripping box office
  08/02/15
I don't think that's true I think you're underestimating ...
razzle rusted field trump supporter
  08/02/15
"The problem is that buyers' agents generally wont even...
Onyx milk voyeur
  08/02/15
Yeah, like your small business will be worth more if you pay...
dark range potus
  08/02/15
(not a chill ibanking masterman collecting the standard 7% g...
Infuriating bronze giraffe
  08/04/15
true, but when you find a good realtor they're very valuable
Adventurous Pistol
  08/02/15
(realtor®)
Tripping box office
  08/02/15
I used to think that, but I really think even great agents h...
filthy dysfunction property
  08/02/15
tbf, there is a big difference between east coast, where law...
Adventurous Pistol
  08/02/15
Interesting I didn't know that closing attorneys were not us...
filthy dysfunction property
  08/02/15
yeah on the west coast the role of the attorney is split bet...
Adventurous Pistol
  08/02/15
Dude the title/escrow company is the attorney.
garnet hot knife lodge
  08/02/15
and this is worth $60K on a $1M home? lulz no.
Tripping box office
  08/02/15
that's the real scam: that it's a percentage of the sale pri...
Adventurous Pistol
  08/02/15
cr. it's not like they created $1M of value in selling the $...
Tripping box office
  08/02/15
here in tx we raped the FUCK out of the lady selling her hou...
Onyx milk voyeur
  08/02/15
I helped my parents sell a second home on Craigslist. We def...
Out-of-control Ebony Keepsake Machete Dilemma
  08/02/15
stfu and kill yourself you squirrely little bitch
chocolate vigorous goyim temple
  08/02/15
(Realtor)
yellow multi-colored library
  08/03/15
You seem a tad angry. What did I do to arouse your anger? I'...
Out-of-control Ebony Keepsake Machete Dilemma
  08/03/15
MFCOP Makes my blood boil just thinking about how these i...
appetizing khaki ceo stead
  08/02/15
i'd be happy to invest in your new app!
filthy dysfunction property
  08/02/15
Thank you brother, but sadly I don't have one.
appetizing khaki ceo stead
  08/03/15
95% of realtors are functionally retarded or retirees/stay a...
gold floppy mad-dog skullcap
  08/02/15
yup, it's feast or famine. in my area there are a handful of...
filthy dysfunction property
  08/02/15
broker split at the major brokerages is down to 2.5% to 5% a...
Adventurous Pistol
  08/02/15
FRAUD | AND | LIES
Massive vivacious jewess crotch
  08/03/15
For what it's worth, my realtor is actually a former attorne...
Mustard Sound Barrier
  08/02/15
oh yeah just do it
Silver heaven
  08/02/15
Just use Redfin or forsalebyowner if you sell and don't use ...
Spruce Forum
  08/02/15
selling w redfin is still 4-4.5% commission (1-1.5% for sell...
filthy dysfunction property
  08/02/15
If your place is in a good location it's easy as fuck to sel...
Aphrodisiac wrinkle
  08/02/15
yeah but wouldn't you say he got well over asking because he...
Passionate codepig depressive
  08/02/15
we used a flat fee brokerage last time we sold our house, wo...
razzle rusted field trump supporter
  08/02/15
My in-laws sold their house recently for close to $3M. Their...
electric theatre candlestick maker
  08/02/15
Realtors have managed to construct both American public opin...
Thriller bipolar church
  08/02/15
Why would a buyer's agent show your fucking
talented copper legal warrant background story
  08/02/15
the solution is for people to stop using fucking agents alto...
filthy dysfunction property
  08/02/15
I can see where this is tempting. But a good agent really do...
talented copper legal warrant background story
  08/02/15
What are you talking about? What is this 'rock star' ag...
razzle rusted field trump supporter
  08/02/15
Holding regular open houses. Advertising it in more places....
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
The market says it is. All these sellers in MFH using ag...
talented copper legal warrant background story
  08/02/15
the market is not competitive. that's the point. if agents w...
filthy dysfunction property
  08/02/15
Maybe this is true. But if an agent severely undercut (lots...
talented copper legal warrant background story
  08/02/15
Yeah, you need a real superstar to move real estate in a dea...
concupiscible trailer park halford
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
no agent can guarantee a quick sale. plenty of "rocksta...
filthy dysfunction property
  08/02/15
Agreed. I just think that in a tight market a good agent pro...
talented copper legal warrant background story
  08/02/15
Using a buyer's agent seems to be a US thing. In Australia ...
fishy macaca point
  08/02/15
welcome to america, where "everybody's screwing somebod...
filthy dysfunction property
  08/02/15
go add a u to a random word you dolt. we're all super impres...
electric theatre candlestick maker
  08/02/15
...
appetizing khaki ceo stead
  08/03/15
Because otherwise they are not helping their clients?
dark range potus
  08/03/15
AT least in MFH many of my friends who all used the same &qu...
talented copper legal warrant background story
  08/02/15
LMAO at using a realtor and paying a commission for a fuckin...
filthy dysfunction property
  08/02/15
No offense but I don't think you realize how difficult it is...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
Let's say I own a condo that I want to rent. Why in hell wo...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
I can see where you are coming from. But you don't have to l...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
Typically, if the renter has his own agent he'll still pay t...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
I think that's a great idea. I'm just saying that most don'...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
I have some sympathy for you in this case. Let me guess: Mer...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
i get that. Moving costs are very expensive. Your example i...
talented copper legal warrant background story
  08/02/15
unrelated question. You think any of your neighbors use Air...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
WoW! Rents are not cheap there. Why did you guys not sue or...
talented copper legal warrant background story
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
lol. so you are forced to pay someone else's agent for them ...
filthy dysfunction property
  08/02/15
reason #239 NYC is a shithole
Adventurous Pistol
  08/02/15
i believe that people use agents for rentals in NYC (in fact...
filthy dysfunction property
  08/02/15
sites like streeteasy have been making it easier and easier ...
Provocative stage
  08/02/15
yes, the light is at the end of the tunnel. that wretched pr...
filthy dysfunction property
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
i don't even understand what arguments they could validly us...
Provocative stage
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
yep, crazy but at least those programs actually make things ...
Provocative stage
  08/02/15
the thing is uber is going to ultimately win enough citie...
dull bearded whorehouse sex offender
  08/02/15
When we sold our last house our realtor d the house in days ...
swashbuckling poppy menage
  08/02/15
Agree 100% - the hotter the market the shittier and more bla...
impertinent tanning salon
  08/02/15
we used a "rockstar" realtor to buy in a booming (...
stimulating sooty private investor
  08/02/15
my understanding is that brokers don't necessarily have any ...
Provocative stage
  08/02/15
I had to deal with this recently - I made a mistake telling ...
impertinent tanning salon
  08/02/15
So a shitty agent. FYI good agencies will NEVER list their p...
idiotic kink-friendly death wish
  08/02/15
if buyer wants it listed, don't they have to? are you saying...
Provocative stage
  08/02/15
Not having 200 people walking through your house for starter...
idiotic kink-friendly death wish
  08/02/15
so make it by appointment only which cuts down on those who ...
Provocative stage
  08/02/15
Knowledge of the market is more than knowing comps -- its kn...
idiotic kink-friendly death wish
  08/02/15
maybe true at high-end of market where there's going to be a...
Provocative stage
  08/02/15
Douglas Eliman and Corcorran dont list on any of the MLS's i...
idiotic kink-friendly death wish
  08/02/15
why do i see agents at both of those firms listing stuff on ...
Provocative stage
  08/02/15
70%, bro. So my mistake was thinking its 50%. Top 30% are no...
idiotic kink-friendly death wish
  08/02/15
was focusing also on that everyone seems to use streeteasy t...
Provocative stage
  08/02/15
you convinced me! Huge data sample.
talented copper legal warrant background story
  08/02/15
(Realtor Statistician (TM))
impertinent tanning salon
  08/02/15
hey would you mind editing to include the words "tight ...
stimulating sooty private investor
  08/02/15
Lol you uppity little client. Pay her six percent plus an ad...
filthy dysfunction property
  08/02/15
A closing attorney will make like $800 max.
idiotic kink-friendly death wish
  08/02/15
incorrect.
confused contagious idiot mediation
  08/03/15
Yep realtors represent an unnecessary transaction cost that ...
Aphrodisiac wrinkle
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
FYI nobody in NYC is paying 6%. The going rate is 3-4% depen...
idiotic kink-friendly death wish
  08/02/15
was thinking about selling my place recently. met with a rea...
Aphrodisiac wrinkle
  08/02/15
Again, depends on the market, but Miami and NYC havent been ...
idiotic kink-friendly death wish
  08/02/15
yes
hyperventilating nofapping twinkling uncleanness address
  08/02/15
where do people use buyer's agents? ive never heard of this....
Mischievous stubborn reading party
  08/02/15
wtf are you talking about?
Dun French Chef Resort
  08/02/15
Are you unable to read you retarded fucking turd?
Mischievous stubborn reading party
  08/02/15
99% of people use a buyer's agent when buying real property ...
filthy dysfunction property
  08/02/15
not out here man, honestly never even heard of it
Mischievous stubborn reading party
  08/02/15
did you grow up under a turnip plant?
Tripping box office
  08/02/15
(NYC kike who has nothing to add)
Mischievous stubborn reading party
  08/02/15
it's the same thing in suburbia all around the country
Tripping box office
  08/02/15
wrong i just bought 2 properties a few months ago
Mischievous stubborn reading party
  08/02/15
There's no reason not to unless the seller doesn't have an a...
Aphrodisiac wrinkle
  08/02/15
A savvy buyer can get far better deals on properties without...
Useless tattoo becky
  08/03/15
Has to be weather forecasters. Those guys are pretty much n...
pontificating half-breed round eye
  08/02/15
That's exactly wrong. Meteorologists make better predicti...
Underhanded Fluffy Center
  08/03/15
Protip: In NY an attorney can register as a licensed real e...
Ocher orchestra pit
  08/02/15
I tried this when I was buying and the seller's broker froze...
sepia fanboi school cafeteria
  08/26/15
Holy shit. I can confirm this is true. Thanks! All of the...
Stirring Godawful Useless Brakes
  11/11/15
Why don't the great minds of our bort get together and make ...
Aggressive roast beef
  08/02/15
...
flickering sadistic step-uncle's house
  08/02/15
Do a kickstarter campaign. I bet this would be really popula...
filthy dysfunction property
  08/03/15
*first meeting of the XOXO app committee is scheduled for ne...
filthy dysfunction property
  08/03/15
But we could all make way more money being successful realto...
offensive kitchen love of her life
  08/03/15
Also if you tried making the XO Homes App, you would invaria...
filthy dysfunction property
  08/03/15
...
flickering sadistic step-uncle's house
  08/03/15
...
flickering sadistic step-uncle's house
  08/03/15
...
filthy dysfunction property
  08/03/15
everyone thinks it can be done for less than 6% it's often ...
Silver heaven
  08/03/15
(guy who has never heard of Redfin)
Primrose Talking Double Fault
  05/07/19
????
trip regret meetinghouse
  08/04/15
...
Brindle dragon
  11/11/15
I'm the OP from this thread and am still enjoying my agent's...
filthy dysfunction property
  11/11/15
this fucking cabal makes me MAF
fragrant persian
  11/11/15
I went under contract to sell my place on my agent's advice....
filthy dysfunction property
  11/11/15
This happened to me too
Primrose Talking Double Fault
  05/08/19


Poast new message in this thread



Reply Favorite

Date: August 2nd, 2015 5:03 AM
Author: filthy dysfunction property

If there is any profession that makes law look like a bastion of competence and virtue it must be realtors. Good god I have been repeatedly astounded at their ability to fuck up listings, contracts, and deals. I swear to god, the average intelligent person could do a better job without a realtor but is forced to use them and to pay their commissions due to the cabal they have out in place (good luck getting anyone to look at your place if you do for sale by owner). This horrible system (6% commissions here are the highest in the world) prevents people from moving and also ensures that home prices will continue to spiral upward.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460748)



Reply Favorite

Date: August 3rd, 2015 12:42 AM
Author: garnet hot knife lodge

(Dumbass faggot who doesn't k ow that there are only three professions)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28466791)



Reply Favorite

Date: August 2nd, 2015 5:06 AM
Author: brilliant indian lodge

It's a job you can do without a college degree.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460751)



Reply Favorite

Date: August 2nd, 2015 5:18 AM
Author: fishy macaca point

LOLjLOL at US 6% commissions. What a joke: 3 to 6 times higher than the rest of the western world.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460754)



Reply Favorite

Date: August 2nd, 2015 5:31 AM
Author: filthy dysfunction property

Want to sell your house? Just give me 6% of its entire value! Imagine this in any other profession (mergers/sale of a company, etc).

But God help you if you try to sell without an agent. Maybe if you use Redfin you can get away with 4% instead of 6%, but it's impossible to pay no commission because buyers' agents won't even show your place without one. The last place I bought I had to literally correct my agents errors in the offer contract, things like putting the wrong fucking address for the property. She lol'ed and said "wow you're a real strickler for the details!" Now I can't sell because my place hasn't appreciated six fucking percent yet.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460758)



Reply Favorite

Date: August 2nd, 2015 5:39 AM
Author: Passionate codepig depressive

isn't it 6% split between buyer and seller?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460766)



Reply Favorite

Date: August 2nd, 2015 5:44 AM
Author: filthy dysfunction property

the seller always pays the entire commission (it is drawn from the purchase amount). money for the house goes from buyer to seller, but before seller gets it 6% is deducted. 3% goes to the seller's agent, 3% to the buyer's agent. I managed to get down to 5% to total, which is 2% for my seller agent, 3% for the dirtbag representing the buyer (who will do EXTREMELY little work).

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460772)



Reply Favorite

Date: August 2nd, 2015 8:33 AM
Author: razzle rusted field trump supporter

I mean, if the buying agent is bringing people through your house, they are adding value

selling agents aren't doing anything you can't do yourself

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460899)



Reply Favorite

Date: August 2nd, 2015 9:59 PM
Author: Onyx milk voyeur

"selling agents aren't doing anything you can't do yourself"

well they do list it places you can't list, plus if you don't live in the house anymore they arrange key exchanges for people to come inspect the place

but yeah, when my wife and i move, i imagine we'll use a realtor to sell our house, but since we know the neighborhood we want to live in, we'll go without an agent for buying and just make otters and keep the 3% that would otherwise go to a realtor

hell, we might just make otters straight up to owners who aren't even selling if we really want a certain place

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28465409)



Reply Favorite

Date: August 2nd, 2015 5:44 AM
Author: Adventurous Pistol

buyer doesn't pay it though, it all comes out of the sale price of the house. the "split" is between the seller's agent and the buyer's agent.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460774)



Reply Favorite

Date: August 2nd, 2015 5:46 AM
Author: Passionate codepig depressive

well that's different than it being 6% of the value of the house... I've never used a realtor for anything ever, but something tells me they are necessary

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460777)



Reply Favorite

Date: August 2nd, 2015 5:47 AM
Author: filthy dysfunction property

are you dense? house sells for 100k. that means that only 94k goes to the seller and 6k goes to the agents, split between seller's agent and buyer's agent. how is that not 6% of the value of the house?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460782)



Reply Favorite

Date: August 2nd, 2015 5:48 AM
Author: Passionate codepig depressive

Try selling it for $100k without agents and you'll see what I mean

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460783)



Reply Favorite

Date: August 2nd, 2015 5:49 AM
Author: filthy dysfunction property

You *must* use an agent because they have this big cabal going on. I'm not advocating for sale by owner. But that doesn't mean that they add value, they just extract their 6% rent.



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460786)



Reply Favorite

Date: August 2nd, 2015 5:51 AM
Author: Passionate codepig depressive

ljl @ this

so you get more than you would without them, but they don't add value?



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460789)



Reply Favorite

Date: August 2nd, 2015 5:55 AM
Author: filthy dysfunction property

*creates a rent-seeking transaction fee*

*makes it impossible to do a transaction without paying the fee*

*claims that you are adding value because, without the fee, there would be no transaction*

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460794)



Reply Favorite

Date: August 2nd, 2015 5:58 AM
Author: Passionate codepig depressive

realtors aren't mandated by law, afaik

maybe you are talking about lawyers?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460798)



Reply Favorite

Date: August 2nd, 2015 6:01 AM
Author: filthy dysfunction property

As a practical matter, they are necessary. This will be the case until some new app or something like Uber comes along and blows up their dogshit profession.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460803)



Reply Favorite

Date: August 2nd, 2015 7:24 PM
Author: dark range potus

Redfin is the closest thing.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464254)



Reply Favorite

Date: August 2nd, 2015 5:56 AM
Author: Adventurous Pistol

tbf, 95% of most realtor's value for selling a home is entering it into the MLS. if the MLS were opened up to non-realtors, you could easily get the same price as everyone else without using a realtor.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460795)



Reply Favorite

Date: August 2nd, 2015 5:59 AM
Author: Passionate codepig depressive

MLS for everyone!

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460800)



Reply Favorite

Date: August 2nd, 2015 6:00 AM
Author: filthy dysfunction property

MLS is open to non-realtors. Plenty of websites will let you do a listing for a few hundred dollars. The problem is that buyers' agents generally wont even tell their clients about listings that don't have a seller's agent. And they will outright refuse to show listings that don't pay 3% to the buyer's agent.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460801)



Reply Favorite

Date: August 2nd, 2015 6:03 AM
Author: Tripping box office

someone should sue these fuckers under RICO

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460807)



Reply Favorite

Date: August 2nd, 2015 6:08 AM
Author: Passionate codepig depressive

*nukes the Jewish cabal*

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460814)



Reply Favorite

Date: August 2nd, 2015 6:10 AM
Author: Tripping box office

jews do development and prop management and investing.

most suburban realtors are fat middleclass white goy w poofy hair and too much perfume.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460817)



Reply Favorite

Date: August 2nd, 2015 8:46 AM
Author: razzle rusted field trump supporter

I don't think that's true

I think you're underestimating the degree to which people do their own home searches

if there is a house online w/ pretty picture the wife will find it and tell their agent they want to look at it

(I know that's how we did it)

we've listed property with both an agent and a flat fee service, I didn't keep careful stats about it, but if there was a difference in that rate of people coming to see our house, I didn't notice it, we got plenty of buyers with agents who came through our house when we used the flat fee service (we did offer a buyers commission though)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460921)



Reply Favorite

Date: August 2nd, 2015 10:02 PM
Author: Onyx milk voyeur

"The problem is that buyers' agents generally wont even tell their clients about listings that don't have a seller's agent. "

uh what dumbfuck lets their agent pick the houses out for them, my wife and i just knew where we wanted to live, scoped out the shit for sale there, instructed our agent to take us there (it was our first purchase, and bought cheap, so we didn't want to have to navigate the whole thing ourselves)

next time we're going to do it all without an agent

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28465432)



Reply Favorite

Date: August 2nd, 2015 7:23 PM
Author: dark range potus

Yeah, like your small business will be worth more if you pay the mafia their cut, than if you don't (and they threaten anyone who patronizes your business). Doesn't mean they are adding value.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464251)



Reply Favorite

Date: August 4th, 2015 11:08 PM
Author: Infuriating bronze giraffe

(not a chill ibanking masterman collecting the standard 7% gross spread on IPOs)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28480383)



Reply Favorite

Date: August 2nd, 2015 5:37 AM
Author: Adventurous Pistol

true, but when you find a good realtor they're very valuable

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460765)



Reply Favorite

Date: August 2nd, 2015 5:46 AM
Author: Tripping box office

(realtor®)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460778)



Reply Favorite

Date: August 2nd, 2015 5:46 AM
Author: filthy dysfunction property

I used to think that, but I really think even great agents have very little value to add except in narrow circumstances.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460779)



Reply Favorite

Date: August 2nd, 2015 5:49 AM
Author: Adventurous Pistol

tbf, there is a big difference between east coast, where lawyers are involved, and west coast, where realtors do everything that the lawyers do on the east coast in addition to the other realtor stuff.

a realtor can be very helpful in getting a deal closed just for a normal home purchase, managing an idiot seller or unreasonable buyer. one that routinely works with investors can be very helpful in finding opportunities, including before they hit the MLS. since everyone else involved (title company, etc.) is also equally shitty as most realtors, a good realtor is valuable in coordinating everything and dealing with other parties' incompetence.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460785)



Reply Favorite

Date: August 2nd, 2015 5:51 AM
Author: filthy dysfunction property

Interesting I didn't know that closing attorneys were not used on the west coast. That said, the closing attorneys I have used in the past spent no more than 2-3 hours on each transaction.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460787)



Reply Favorite

Date: August 2nd, 2015 5:52 AM
Author: Adventurous Pistol

yeah on the west coast the role of the attorney is split between the realtor and the title / escrow company.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460791)



Reply Favorite

Date: August 2nd, 2015 7:47 AM
Author: garnet hot knife lodge

Dude the title/escrow company is the attorney.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460856)



Reply Favorite

Date: August 2nd, 2015 6:02 AM
Author: Tripping box office

and this is worth $60K on a $1M home? lulz no.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460805)



Reply Favorite

Date: August 2nd, 2015 6:04 AM
Author: Adventurous Pistol

that's the real scam: that it's a percentage of the sale price. the work involved in a $1M home is the same as a $100K home, more or less, but the commission on the first is $60K and the second $6K. even the best realtor isn't worth a $60K commission.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460809)



Reply Favorite

Date: August 2nd, 2015 6:07 AM
Author: Tripping box office

cr. it's not like they created $1M of value in selling the $1M home, and you'd have otherwise sold it for FSBO for $200k.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460812)



Reply Favorite

Date: August 2nd, 2015 10:05 PM
Author: Onyx milk voyeur

here in tx we raped the FUCK out of the lady selling her house because her realtor LJL told our realtor she was "desperate to sell" LITERALLY USED THOSE WORDS LJL

we lowballed her, she was like "no give me this" we said no bye and she came back three days later ok sure and you can have the fridge LJL

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28465452)



Reply Favorite

Date: August 2nd, 2015 6:33 AM
Author: Out-of-control Ebony Keepsake Machete Dilemma

I helped my parents sell a second home on Craigslist. We definitely saved thousands. The annoying drawback is having to show the home yourself on weekends which is a problem if the house is far away.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460833)



Reply Favorite

Date: August 2nd, 2015 1:48 PM
Author: chocolate vigorous goyim temple

stfu and kill yourself you squirrely little bitch

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462310)



Reply Favorite

Date: August 3rd, 2015 6:28 AM
Author: yellow multi-colored library

(Realtor)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28467803)



Reply Favorite

Date: August 3rd, 2015 10:38 AM
Author: Out-of-control Ebony Keepsake Machete Dilemma

You seem a tad angry. What did I do to arouse your anger? I'm a nice guy who doesn't wish any ill will against anyone.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468305)



Reply Favorite

Date: August 2nd, 2015 7:39 AM
Author: appetizing khaki ceo stead

MFCOP

Makes my blood boil just thinking about how these incompetent leaches still exist.

There should be an Uber for home sales that shuts the whole realtor racket down.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460852)



Reply Favorite

Date: August 2nd, 2015 7:55 AM
Author: filthy dysfunction property

i'd be happy to invest in your new app!

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460860)



Reply Favorite

Date: August 3rd, 2015 9:57 AM
Author: appetizing khaki ceo stead

Thank you brother, but sadly I don't have one.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468148)



Reply Favorite

Date: August 2nd, 2015 7:45 AM
Author: gold floppy mad-dog skullcap

95% of realtors are functionally retarded or retirees/stay at home moms who treat it like a hobby so they can pretend they have a career. The 5% who are competent and smart make a killing.

When I was looking for my house, several realtors I called about listings never even returned my call. I've often thought that if someone with social skills went from biglaw to realtor and applied the same level of responsiveness and diligence, they could make an absolute fortune.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460855)



Reply Favorite

Date: August 2nd, 2015 7:59 AM
Author: filthy dysfunction property

yup, it's feast or famine. in my area there are a handful of real estate agents who sell 100+ houses a year (average of probably $1 million) and HUNDREDS of agents who are scraping by on just a couple houses a hear. The top dogs are pulling in about 3 mil per year commission (of which they probably keep about $2 million after the broker's cut and overhead). of course the other $3 million gets given out to the random buyers' agents, who tend to be a mix of good and bad.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460861)



Reply Favorite

Date: August 2nd, 2015 9:39 AM
Author: Adventurous Pistol

broker split at the major brokerages is down to 2.5% to 5% after an agent hits $100K to $150K gross commission income.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461016)



Reply Favorite

Date: August 3rd, 2015 12:50 PM
Author: Massive vivacious jewess crotch

FRAUD | AND | LIES

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28469097)



Reply Favorite

Date: August 2nd, 2015 1:34 PM
Author: Mustard Sound Barrier

For what it's worth, my realtor is actually a former attorney from my firm, and his brother was at OMM before jumping over.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462240)



Reply Favorite

Date: August 2nd, 2015 9:46 PM
Author: Silver heaven

oh yeah

just do it

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28465316)



Reply Favorite

Date: August 2nd, 2015 8:08 AM
Author: Spruce Forum

Just use Redfin or forsalebyowner if you sell and don't use a buyer's agent and negotiate the buyer's agent's fee.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460879)



Reply Favorite

Date: August 2nd, 2015 8:37 AM
Author: filthy dysfunction property

selling w redfin is still 4-4.5% commission (1-1.5% for seller agent redfin and 3% to buyer)

FSBO is a joke. good luck selling on there. buyers will often offer you less because they know you dont have an agent and many buyers agents wont show your property.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460905)



Reply Favorite

Date: August 2nd, 2015 12:45 PM
Author: Aphrodisiac wrinkle

If your place is in a good location it's easy as fuck to sell without an agent. Most people nowadays check out homes by finding ones they like on zillow and trulia and hitting up open houses or scheduling visits themselves. Yes, some rely on agents to find places but again if your home is located in an in demand city you are still going to get plenty of traffic.

My buddy sold his hoboken apartment without involving any agents. It was listed for a week, resulted in a bidding war and he got significantly over asking.



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461953)



Reply Favorite

Date: August 2nd, 2015 4:42 PM
Author: Passionate codepig depressive

yeah but wouldn't you say he got well over asking because he didn't price the fucking thing right?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28463377)



Reply Favorite

Date: August 2nd, 2015 8:25 AM
Author: razzle rusted field trump supporter

we used a flat fee brokerage last time we sold our house, worked great

https://www.simplechoicerealty.com/

we offered a buyer's agent commission, but people who bought it didn't have an agent, so we wound up not having to even pay that



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460894)



Reply Favorite

Date: August 2nd, 2015 8:47 AM
Author: electric theatre candlestick maker

My in-laws sold their house recently for close to $3M. Their realtor literally wouldn't even come to show the house when someone was touring. It's the most infuriating thing ever that they pocketed six figs off that.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460924)



Reply Favorite

Date: August 2nd, 2015 8:50 AM
Author: Thriller bipolar church

Realtors have managed to construct both American public opinion and American tax policy in ways that are obscenely favorable to their profession, and often make huge amounts of money doing relatively straightforward work.

Does this make them incompetent, or does it make them in fact one of the most competent professions in America?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460931)



Reply Favorite

Date: August 2nd, 2015 9:30 AM
Author: talented copper legal warrant background story
Subject: Why would a buyer's agent show your fucking

house if you aren't paying them the 3%?

Realtors don't want to work for free.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460993)



Reply Favorite

Date: August 2nd, 2015 9:34 AM
Author: filthy dysfunction property

the solution is for people to stop using fucking agents altogether. or to use agents that charge 1% each or something

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461001)



Reply Favorite

Date: August 2nd, 2015 9:36 AM
Author: talented copper legal warrant background story

I can see where this is tempting. But a good agent really does provide lots of value. Just the hassle of having to hold open houses on your own is worth much of it.

And when you find a rock star agent who can sell your home at ask, quickly, in a tight market the 6% is well worth it.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461006)



Reply Favorite

Date: August 2nd, 2015 9:39 AM
Author: razzle rusted field trump supporter

What are you talking about?

What is this 'rock star' agent doing to magically sell your house?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461018)



Reply Favorite

Date: August 2nd, 2015 9:42 AM
Author: talented copper legal warrant background story

Holding regular open houses. Advertising it in more places. Contacting her network of fellow agents advertising the space. Maybe in fly over country you don't need an agent but I can't imagine selling a place in MFH without one. And I'm not even considering the nightmare that is selling a co-op.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461028)



Reply Favorite

Date: August 2nd, 2015 9:45 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461037)



Reply Favorite

Date: August 2nd, 2015 9:45 AM
Author: talented copper legal warrant background story

The market says it is.

All these sellers in MFH using agents to sell their 5 million, 10 million, 25 million dollar homes must be really stupid/lazy. They are idiots. That's what you'd have us believe?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461043)



Reply Favorite

Date: August 2nd, 2015 9:50 AM
Author: filthy dysfunction property

the market is not competitive. that's the point. if agents were not using collusive pricing, plenty would be charging 2% total, 3% total, etc. to undercut each other and build their book of business. instead, agents will be blackballed if they dont charge ~6% like everyone else, so brand new agents with no business language trying to get a few clients while charging 6%.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461067)



Reply Favorite

Date: August 2nd, 2015 10:13 AM
Author: talented copper legal warrant background story

Maybe this is true. But if an agent severely undercut (lots of agent do it for 5%) his commission I think sellers would be rightfully suspect that he was not worth it.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461165)



Reply Favorite

Date: August 2nd, 2015 9:44 PM
Author: concupiscible trailer park halford

Yeah, you need a real superstar to move real estate in a dead market like that.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28465299)



Reply Favorite

Date: August 2nd, 2015 9:40 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461021)



Reply Favorite

Date: August 2nd, 2015 9:49 AM
Author: filthy dysfunction property

no agent can guarantee a quick sale. plenty of "rockstar" agents are charging 6% for homes that sit forever and have multiple price reductions.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461059)



Reply Favorite

Date: August 2nd, 2015 9:50 AM
Author: talented copper legal warrant background story

Agreed. I just think that in a tight market a good agent provides good value. That's all. But I also like someone to mow my lawn or paint my house or do my laundry.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461068)



Reply Favorite

Date: August 2nd, 2015 9:40 AM
Author: fishy macaca point

Using a buyer's agent seems to be a US thing. In Australia and England its possible but rare to use a buyer's agent. The vast majority of what agents earn is acting as a selling agent and the typical selling commission in both countries is 1.5-2.0%.



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461022)



Reply Favorite

Date: August 2nd, 2015 9:51 AM
Author: filthy dysfunction property

welcome to america, where "everybody's screwing somebody"

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461073)



Reply Favorite

Date: August 2nd, 2015 11:40 PM
Author: electric theatre candlestick maker

go add a u to a random word you dolt. we're all super impressed that you live in england.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28466358)



Reply Favorite

Date: August 3rd, 2015 10:03 AM
Author: appetizing khaki ceo stead



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468167)



Reply Favorite

Date: August 3rd, 2015 10:53 AM
Author: dark range potus

Because otherwise they are not helping their clients?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468389)



Reply Favorite

Date: August 2nd, 2015 9:32 AM
Author: talented copper legal warrant background story

AT least in MFH many of my friends who all used the same "rockstar" broker (realtor) say that she was invaluable.

Now mind you these are friends who make well into the six figures and just don't want to spend their weekends schlepping around the city.

And this was rentals so maybe different but they gladly paid her 15% commission. Said she took, "all the pain out."

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28460994)



Reply Favorite

Date: August 2nd, 2015 9:35 AM
Author: filthy dysfunction property

LMAO at using a realtor and paying a commission for a fucking RENTAL. cant people looks on craigslist or zillow for a place they want and send two fucking emails to the landlord? MFH what a horrible scam.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461002)



Reply Favorite

Date: August 2nd, 2015 9:37 AM
Author: talented copper legal warrant background story

No offense but I don't think you realize how difficult it is in MFH for people that work a lot.

It's a very tight market.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461009)



Reply Favorite

Date: August 2nd, 2015 9:38 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461013)



Reply Favorite

Date: August 2nd, 2015 9:40 AM
Author: talented copper legal warrant background story

Let's say I own a condo that I want to rent. Why in hell would I want to deal with the public directly?

I'd much rather give the listing to a trusted real estate agent and let them meet you, qualify you, and rent you.

Just send me the lease to counter-sign and the rent check.

What's so hard to grasp?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461019)



Reply Favorite

Date: August 2nd, 2015 9:42 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461029)



Reply Favorite

Date: August 2nd, 2015 9:45 AM
Author: talented copper legal warrant background story

I can see where you are coming from. But you don't have to live in MFH. I hear this all the time. It's too expensive blah, blah, blah. Maybe it is. But you don't have to live here. Oh you want to live in a place that has a very tight rental market. Well then you have to pay to play.

Also, the renter (lessee) can bring their own agent. Presumably, he will have a duty to the renter.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461041)



Reply Favorite

Date: August 2nd, 2015 9:50 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461063)



Reply Favorite

Date: August 2nd, 2015 9:57 AM
Author: talented copper legal warrant background story

Typically, if the renter has his own agent he'll still pay the same fee (15%) it'll now just be split 50/50 between the lessor's agent and the lessee's.

Let's assume I make 300K a year in NYC working 80 hours a week. Rather than calling landlords (good luck actually reaching the real owner) or lessor's agents to check out properties. Wasting lot of time here. Cancelled appointments. Less than honest pics/descriptions.

Why not call a trusted broker and say, "I want to live below 14th street. One bed. Walkup on top floor. Lots of light and character. I'm available this tuesday from 6-7. 5K budget"

Assuming my broker comes through I'd gladly pay the 15%. Huge time saver.

And the lessor's agent provides a lot of service to the tenant. Mainly by competently renting them.



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461095)



Reply Favorite

Date: August 2nd, 2015 10:04 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461134)



Reply Favorite

Date: August 2nd, 2015 10:09 AM
Author: talented copper legal warrant background story

I think that's a great idea. I'm just saying that most don't have the knowledge or inclination to do that.

In practice I don't think seller's agents actively work against a renter. Lots of information is already out there and that wouldn't be wise for the long term. (Like lease renewal)

And yes it is priced in. Plenty of buildings in midtown west (like silver towers) where you can just walk in, rent a unit, without paying a broker fee.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461150)



Reply Favorite

Date: August 2nd, 2015 10:12 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461161)



Reply Favorite

Date: August 2nd, 2015 10:16 AM
Author: talented copper legal warrant background story

I have some sympathy for you in this case. Let me guess: Mercedes House? (Read your post wrong. Oh you live in MiMA--nice building!)

I wonder if he double dipped? Building and you paid him a fee?

I think brokers are less valuable in that instance. But let's say he showed you 10 places. Some like MiMA but some mom/pop places. I think that provides value especially if he educated you on the market.

Let's assume he took you out multiple times, listened to you carefully and forcefully acted on your feedback would you think it right if you said, "thanks for educating me and helping me. I'm gonna undercut you by just going to MiMA directly."

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461175)



Reply Favorite

Date: August 2nd, 2015 10:23 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461211)



Reply Favorite

Date: August 2nd, 2015 10:27 AM
Author: talented copper legal warrant background story

i get that. Moving costs are very expensive. Your example is even another wrinkle. Many companies pay the total cost of the broker fee (maybe negotiate it to 12-13%). And so if your that employee why not just use the broker your company tells you to.

I know a broker who has a little niche like this. He's kinda shady though because he purposely doesn't show them condo buildings (which are typically nicer/better) because he wants the quick deal offered at a place like MiMA. He also has a fake handicapped tag so fuck him.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461236)



Reply Favorite

Date: August 2nd, 2015 10:28 AM
Author: talented copper legal warrant background story

unrelated question. You think any of your neighbors use AirBnb? Thoughts on that when your live in a building like MiMA?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461242)



Reply Favorite

Date: August 2nd, 2015 10:35 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461284)



Reply Favorite

Date: August 2nd, 2015 10:58 AM
Author: talented copper legal warrant background story

WoW! Rents are not cheap there. Why did you guys not sue or something? I can't believe how much bullshit good people put up with.

Read article. Thanks for posting. I hate shit like that. Since when does MFH or any place else have to be "affordable." I hate gov't intervention like this.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461362)



Reply Favorite

Date: August 2nd, 2015 12:37 PM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461896)



Reply Favorite

Date: August 2nd, 2015 9:56 AM
Author: filthy dysfunction property

lol. so you are forced to pay someone else's agent for them actively working against your interests. what a SPS city.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461090)



Reply Favorite

Date: August 2nd, 2015 9:46 AM
Author: Adventurous Pistol

reason #239 NYC is a shithole

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461046)



Reply Favorite

Date: August 2nd, 2015 9:54 AM
Author: filthy dysfunction property

i believe that people use agents for rentals in NYC (in fact i have a buddy who is a rental agent). i'm expressing disbelief that the city would allow itself to become beholden at this LEVEL II to these fucking leeches

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461080)



Reply Favorite

Date: August 2nd, 2015 9:53 AM
Author: Provocative stage

sites like streeteasy have been making it easier and easier to bypass brokers in certain cities (and some brokers have tried to adapt by acknowledging that they don't do shit and will split their commissions with clients)

too bad millennials are so fucked because once more and more of them are in a position to buy properties they will rely more on resources like streeteasy and brokers will hopefully be fucked

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461076)



Reply Favorite

Date: August 2nd, 2015 9:58 AM
Author: filthy dysfunction property

yes, the light is at the end of the tunnel. that wretched profession will be gone in 20 years i think.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461099)



Reply Favorite

Date: August 2nd, 2015 10:08 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461146)



Reply Favorite

Date: August 2nd, 2015 10:15 AM
Author: Provocative stage

i don't even understand what arguments they could validly use aside from we want to keep our rent-seeking ways intact. it's as absurd as if restaurants and diners were forced to use and kick a fee over to opentable before a reservation could be made

brokers don't even have fiduciary duties to their clients and it's the lawyers that actually handle all of the substantive aspects of the transaction, yet the lawyers (particularly in nyc) charge a very small flat fee for the docs/closing because it's just standardized shit

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461169)



Reply Favorite

Date: August 2nd, 2015 10:17 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461177)



Reply Favorite

Date: August 2nd, 2015 10:25 AM
Author: Provocative stage

yep, crazy but at least those programs actually make things easier for everyone and charge reasonable fees. so restaurants do it not because of lobbying by groups but because it's a real value-add. for opentable i think they charge flat fee to use the system and then a transaction fee for each confirmed reservation through the system

people rely on third party opinions and insights, like yelp, and then book based on that and it's not seen as such a drain on time. with real estate, people seem to think that getting informed is a much bigger drain on time, but with all the resources out there it really does not have to be. if people take the time to spend hours reading yelp reviews about a fucking $50 meal, then they can put in similar time to check real estate listings themselves to see what they like and what's out there given that their home will probably be the largest purchase they make in their lifetimes.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461218)



Reply Favorite

Date: August 2nd, 2015 9:56 PM
Author: dull bearded whorehouse sex offender

the thing is uber is going to ultimately win

enough cities are willing to let them operate (or seen sufficient resistance) that uber is a sustainable company. this means it will see the fruits of lobbying within a few years.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28465385)



Reply Favorite

Date: August 2nd, 2015 10:06 AM
Author: swashbuckling poppy menage

When we sold our last house our realtor d the house in days atng price. He actively found and solicited the buyer.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461141)



Reply Favorite

Date: August 2nd, 2015 10:19 AM
Author: impertinent tanning salon

Agree 100% - the hotter the market the shittier and more blasé their attitude

One friend who is an experienced investor told me that his strategy is to use the sellers agent (dual listing??) and negotiation to shave a few % off of the fee structure. If you are doing something all cash it's also easier and same with premium properties.

Most realtors are fucking scum pieces of shit though - fuck them

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461183)



Reply Favorite

Date: August 2nd, 2015 10:26 AM
Author: stimulating sooty private investor

we used a "rockstar" realtor to buy in a booming (non-NYC/Cal) market. she:

- consistently tried to show us houses 20-35% above our budget

- was constantly pushing the deal (out of the few dozen places we looked at, I don't think there was a single one where she said "no don't buy that one")

- recommended we use her husband as our attorney (we openly LOLed in her face)

- got frustrated and left the room when I said I was going to read all the shit I had to sign at closing (which I had repeatedly asked for in advance)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461224)



Reply Favorite

Date: August 2nd, 2015 10:29 AM
Author: Provocative stage

my understanding is that brokers don't necessarily have any fiduciary duties to their clients (and I think in NYC they make you sign an acknowledgment to that effect) and their entire incentive structure is based on you spending as much as possible as quickly as possible if you're buyer and selling quickly even at lower price if you're seller

yet they view themselves as a valuable partner

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461247)



Reply Favorite

Date: August 2nd, 2015 10:37 AM
Author: impertinent tanning salon

I had to deal with this recently - I made a mistake telling a friend who JUST got his realtors license that I was begining to look for properties at X price.

Queue a constant barrage of properties that were priced sometimes at 2x in neighborhoods I had zero interest of looking in or buying in.

Just an endless torrent of shit properties that were overpriced - and then when I showed him properties I thought looked halfway decent at a price that was BARELY acceptable he showed those to OTHER clients

There was a month where he was sending me random listings that I had already seen and I asked him point blank if he had access to any types of listings that I didn't through Redfin/Zillow - his answer? No.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461293)



Reply Favorite

Date: August 2nd, 2015 12:49 PM
Author: idiotic kink-friendly death wish

So a shitty agent. FYI good agencies will NEVER list their properties on MLS or Zillow/Trulia. Its all agency exclusive.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461977)



Reply Favorite

Date: August 2nd, 2015 12:54 PM
Author: Provocative stage

if buyer wants it listed, don't they have to? are you saying a "good" agency is one that goes out of its way to narrow the range of potential buyers so as to maximize their own commission potential at expense of buyer? unless buyer has some idiosyncratic need to project "exclusivity" of listing, how does that benefit the buyer?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462015)



Reply Favorite

Date: August 2nd, 2015 12:57 PM
Author: idiotic kink-friendly death wish

Not having 200 people walking through your house for starters. Open houses and open listings attract tourists who aren't serious buyers and are just browsing. People make a weekend of just walking around open houses with zero intention of buying anything. A good agent has his buyers and knows the market and if shit doesnt sell in 2-3 weeks he will list online, but he probably doesnt have to bring 200 people through your living room to sell it.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462030)



Reply Favorite

Date: August 2nd, 2015 1:00 PM
Author: Provocative stage

so make it by appointment only which cuts down on those who are not serious or just have limited open house hours

if agent is handling everything, i don't care if 5 people come through or 500

with street easy, comps and "knowledge of market" is a week of casual browsing

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462047)



Reply Favorite

Date: August 2nd, 2015 1:04 PM
Author: idiotic kink-friendly death wish

Knowledge of the market is more than knowing comps -- its knowing buyers and having them on speed dial. The bigger agents have buyers already lined up. Listing it isnt going to create a bidding war since like you said everybody knows the comps. The properties that are openly listed are the bottom 50% of properties they have a hard time selling. You arent seeing even half of what's really for sale on Zillow/MLS as the good shit is not listed so if you dont use a buyers agent you are missing out on tons of listings that agents office is sitting on.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462066)



Reply Favorite

Date: August 2nd, 2015 1:09 PM
Author: Provocative stage

maybe true at high-end of market where there's going to be a very limited number of potential buyers and they are the types that won't put nay independent effort into looking, but i do not think this is at all true in nyc for most price ranges

when my wife and i were buying our place, we tried looking through a number of agencies/brokers, and not a single one was able to show us anything that wasn't already on streeteasy. you honestly think streeteasy only shows "the bottom 50% of properties"?

and listing can create bidding wars. if you look at uptown 2-bedroom market, for example, you'll see a ton of bidding wars over places that were initially listed as slightly below market and thereby enticed ton of people

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462096)



Reply Favorite

Date: August 2nd, 2015 1:19 PM
Author: idiotic kink-friendly death wish

Douglas Eliman and Corcorran dont list on any of the MLS's in NYC and they sure dont use streeteasy/zillow at all. Its their policy not to and guess what two agencies have the most listings in NYC! In all of North Brooklyn right now on MLS there are 17 units for sale. There are more like 700 really for sale but they arent listed. South Brooklyn where the proles live more stuff is listed but even here its about 50% and half the stuff that is listed was already sold and if you call them they will just use that listing to talk to you about their exclusives. The listings are fake/out dated. They dont want to share a commission with a buyers agent out of a different office and that's why they do it. So if you dont use ANY agent at all and just use the Zillows of this world you are missing out on tons and tons of properties.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462141)



Reply Favorite

Date: August 2nd, 2015 1:27 PM
Author: Provocative stage

why do i see agents at both of those firms listing stuff on streeteasy all the time?

somewhat dated article but: http://therealdeal.com/blog/2010/09/01/after-losing-ground-online-rebny-plays-catch-up/

Brokers in the secretive New York real estate market once had a monopoly on listings information here — in order to find out what was for sale, customers had no choice but to come to them. Yet over the last few years, the pendulum has swung far in the other direction. Indeed, as it struggles to enforce its rules and enact new initiatives that all members agree on, REBNY — and by extension, the industry itself — appears to be losing the battle for consumer eyeballs to outside aggregator websites like StreetEasy.com and PropertyShark.com.

At first, these sites were shunned by brokers, but now the majority of the city’s firms — including the two largest, the Corcoran Group and Prudential Douglas Elliman — feed their listings directly to StreetEasy several times a day. Meanwhile, REBNY’s searchable public website, ResidentialNYC, still only has about 70 percent of the city’s listings. And while Corcoran joined earlier this year, Elliman still has not signed on.



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462192)



Reply Favorite

Date: August 2nd, 2015 1:36 PM
Author: idiotic kink-friendly death wish

70%, bro. So my mistake was thinking its 50%. Top 30% are not listed. That hasnt changed in 4 years.

I used to be an agent before law school so maybe my outlook is a little dated.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462250)



Reply Favorite

Date: August 2nd, 2015 1:44 PM
Author: Provocative stage

was focusing also on that everyone seems to use streeteasy these days and seem to be using it right from start of listing process

as more and more buyers and sellers begin to rely on sites like streeteasy, i don't see why any seller would tolerate their agents playing bullshit games like the ones you describe

if my wife and i were selling our place and decided to use an agent who tried telling us that we shouldn't list publicly, i would tell them to gtfo. even if they had ready buyers i would still do a market check to see if i could do better even if buyer were coming in with a good number



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462286)



Reply Favorite

Date: August 2nd, 2015 10:29 AM
Author: talented copper legal warrant background story

you convinced me! Huge data sample.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461249)



Reply Favorite

Date: August 2nd, 2015 10:34 AM
Author: impertinent tanning salon

(Realtor Statistician (TM))

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461274)



Reply Favorite

Date: August 2nd, 2015 10:36 AM
Author: stimulating sooty private investor

hey would you mind editing to include the words "tight market" in this poast? I don't think you've used them enough itt

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461290)



Reply Favorite

Date: August 2nd, 2015 10:34 AM
Author: filthy dysfunction property

Lol you uppity little client. Pay her six percent plus an additional couple percent to her husband for his scholarly advice!

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461279)



Reply Favorite

Date: August 2nd, 2015 1:05 PM
Author: idiotic kink-friendly death wish

A closing attorney will make like $800 max.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462073)



Reply Favorite

Date: August 3rd, 2015 10:27 AM
Author: confused contagious idiot mediation

incorrect.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468261)



Reply Favorite

Date: August 2nd, 2015 10:32 AM
Author: Aphrodisiac wrinkle

Yep realtors represent an unnecessary transaction cost that it necessitated by their control of the market and (now less so) withholding of information. The Internet has made realtors completely useless.

What makes them worse is that once an offer has been accepted the realtors interest is actually different than the party they represent. Realtors are shit. It's a job for a bored housewife who can no longer justify sitting around all day doing nothing.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461265)



Reply Favorite

Date: August 2nd, 2015 11:07 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461404)



Reply Favorite

Date: August 2nd, 2015 12:47 PM
Author: idiotic kink-friendly death wish

FYI nobody in NYC is paying 6%. The going rate is 3-4% depending on the kind of property. The 6% rates are in shitty flyover markets where there is little demand and the houses sit and sit. In major markets NOBODY has paid 6% in a long time.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461968)



Reply Favorite

Date: August 2nd, 2015 12:49 PM
Author: Aphrodisiac wrinkle

was thinking about selling my place recently. met with a realtor just to see what he thought the listing price should be. part of his pitch was "my usual commission is 6% but I would waive that and just take 5%".

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28461980)



Reply Favorite

Date: August 2nd, 2015 12:54 PM
Author: idiotic kink-friendly death wish

Again, depends on the market, but Miami and NYC havent been 6% in a generation. Other places you will not find any agent taking less or willing to negotiate because its going to take the dude 6 months to sell your shitty property and he has to eat.



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462013)



Reply Favorite

Date: August 2nd, 2015 1:35 PM
Author: hyperventilating nofapping twinkling uncleanness address

yes

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462248)



Reply Favorite

Date: August 2nd, 2015 1:41 PM
Author: Mischievous stubborn reading party

where do people use buyer's agents? ive never heard of this. is this an east coast thing? here only seller uses an agent and its like 2% commission. lol at jews

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462274)



Reply Favorite

Date: August 2nd, 2015 1:45 PM
Author: Dun French Chef Resort

wtf are you talking about?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462291)



Reply Favorite

Date: August 2nd, 2015 1:49 PM
Author: Mischievous stubborn reading party

Are you unable to read you retarded fucking turd?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462320)



Reply Favorite

Date: August 2nd, 2015 2:19 PM
Author: filthy dysfunction property

99% of people use a buyer's agent when buying real property in the US. There is no reason not to, because if you don't the 3% that would have gone to the buyer's agent just gets added to the seller's agent's 3% and they walk away with the whole 6%.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462500)



Reply Favorite

Date: August 2nd, 2015 2:20 PM
Author: Mischievous stubborn reading party

not out here man, honestly never even heard of it

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28462502)



Reply Favorite

Date: August 2nd, 2015 6:35 PM
Author: Tripping box office

did you grow up under a turnip plant?

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464016)



Reply Favorite

Date: August 2nd, 2015 6:49 PM
Author: Mischievous stubborn reading party

(NYC kike who has nothing to add)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464077)



Reply Favorite

Date: August 2nd, 2015 6:52 PM
Author: Tripping box office

it's the same thing in suburbia all around the country

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464091)



Reply Favorite

Date: August 2nd, 2015 7:00 PM
Author: Mischievous stubborn reading party

wrong

i just bought 2 properties a few months ago

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464126)



Reply Favorite

Date: August 2nd, 2015 11:42 PM
Author: Aphrodisiac wrinkle

There's no reason not to unless the seller doesn't have an agent and won't sell to a buyer who has one.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28466378)



Reply Favorite

Date: August 3rd, 2015 1:50 AM
Author: Useless tattoo becky

A savvy buyer can get far better deals on properties without an agent, brother. Agents have no duty to represent the best interests of their client, so when you make an offer and don't have a buyer's agent, they have a much stronger incentive to sell the property than they would if a buyer's agent were involved, since an unrepresented buyer means that they're gonna pocket 5% or 6% instead of 3%. These aren't trained professionals, bro. They're fucking idiots who spent $800 and a couple weekends in a Ramada conference room to earn a real estate license.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28467270)



Reply Favorite

Date: August 2nd, 2015 6:33 PM
Author: pontificating half-breed round eye

Has to be weather forecasters. Those guys are pretty much never right.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464009)



Reply Favorite

Date: August 3rd, 2015 2:15 AM
Author: Underhanded Fluffy Center

That's exactly wrong.

Meteorologists make better predictions than just about everyone, and they keep getting better because they're virtually the only profession that systematically tracks, checks, and learns from its predictions.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28467362)



Reply Favorite

Date: August 2nd, 2015 7:06 PM
Author: Ocher orchestra pit

Protip: In NY an attorney can register as a licensed real estate broker by completing an application and paying a small fee to the state.

Getting a 40k+ purchase price adjustment at the closing of my apartment while watching the Corcoran sellers broker stew at ONLY getting a 40k+ check was a PEAK life experience.

You really have to feel for the attorneys who put a decent amount of work in and get like $800 but that's the game I guess.

In NYC having a sellers broker is probably worth the money given all the stupid foreign buyers who use agents who won't buy from anyone who doesn't have an agent. But LOL @ the people ITT suggesting that a buyers broker adds any value at all. They run the same street easy searches as you do and end up just being another adverse party in the room trying to pressure you into paying as much as possible so they can get paid off.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464159)



Reply Favorite

Date: August 26th, 2015 9:11 AM
Author: sepia fanboi school cafeteria

I tried this when I was buying and the seller's broker froze me out- many of them don't want to share with someone who's not also a broker that will cut them in on future deals.

IMO it's worth trying if it's a buyer's market, but if you really want the place i'd think twice about doing it.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28627435)



Reply Favorite

Date: November 11th, 2015 4:48 PM
Author: Stirring Godawful Useless Brakes

Holy shit. I can confirm this is true. Thanks! All of the future wife threading on xo was worth it just to see this!

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#29160695)



Reply Favorite

Date: August 2nd, 2015 7:35 PM
Author: Aggressive roast beef

Why don't the great minds of our bort get together and make an app/service to pwn these leeches? I'm fully on board

Realtors are scum

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464340)



Reply Favorite

Date: August 2nd, 2015 7:44 PM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28464397)



Reply Favorite

Date: August 3rd, 2015 5:01 AM
Author: filthy dysfunction property

Do a kickstarter campaign. I bet this would be really popular.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28467721)



Reply Favorite

Date: August 3rd, 2015 4:53 AM
Author: filthy dysfunction property

*first meeting of the XOXO app committee is scheduled for next week*

Seriously though this is an obvious opportunity for some venture capitalist/Silicon Valley startup team. Design an app like Redfin but with auto-generated offer contracts to do all of the work up until closing, when the real estate attorney does his thing. The app could link in with reputable lenders to verify that buyers are pre-qualified when they make the offer. Charge some small fee for the service. This could take over the real estate industry in short order.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28467712)



Reply Favorite

Date: August 3rd, 2015 10:32 AM
Author: offensive kitchen love of her life

But we could all make way more money being successful realtors, and wouldn't have to learn any skills like coding or business development.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468275)



Reply Favorite

Date: August 3rd, 2015 10:37 AM
Author: filthy dysfunction property

Also if you tried making the XO Homes App, you would invariably be sued by real estate agent organizations in all 50 states. Desperate Luddites trying to protect their rent seeking ways. Just like the fucking voice actors guild sued kindle when it invented the text-to-speech feature and made them get rid of it.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468302)



Reply Favorite

Date: August 3rd, 2015 10:48 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468369)



Reply Favorite

Date: August 3rd, 2015 10:38 AM
Author: flickering sadistic step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28468306)



Reply Favorite

Date: August 3rd, 2015 4:55 AM
Author: filthy dysfunction property



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28467716)



Reply Favorite

Date: August 3rd, 2015 12:59 PM
Author: Silver heaven

everyone thinks it can be done for less than 6%

it's often attempted

when attempted, it fails for whatever reasons. always.

if you can't beat them, join them

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28469171)



Reply Favorite

Date: May 7th, 2019 10:36 PM
Author: Primrose Talking Double Fault

(guy who has never heard of Redfin)

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#38202825)



Reply Favorite

Date: August 4th, 2015 11:11 PM
Author: trip regret meetinghouse

????

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#28480404)



Reply Favorite

Date: November 11th, 2015 3:48 PM
Author: Brindle dragon



(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#29160140)



Reply Favorite

Date: November 11th, 2015 4:00 PM
Author: filthy dysfunction property

I'm the OP from this thread and am still enjoying my agent's incompetence months later!

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#29160276)



Reply Favorite

Date: November 11th, 2015 4:02 PM
Author: fragrant persian

this fucking cabal makes me MAF

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#29160293)



Reply Favorite

Date: November 11th, 2015 4:17 PM
Author: filthy dysfunction property

I went under contract to sell my place on my agent's advice. It fell through three days before closing. He didn't properly vet the buyer and his loan was denied.

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#29160448)



Reply Favorite

Date: May 8th, 2019 7:23 AM
Author: Primrose Talking Double Fault

This happened to me too

(http://www.autoadmit.com/thread.php?thread_id=2951770&forum_id=2#38203987)