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Forum » Why do "brokers" still exist?
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Thread: Why do "brokers" still exist?

post 1685143733 06-23-2023, 07:27 AM
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  1. HMFIC_BROWSIN
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Why do "brokers" still exist?

Seriously.... Real estate broker? Like.... We have the internet, I'll keep your commission in my pocket, thanks.

Ticket broker? Stock broker? Car salesman?

These jobs are cancer.
post 1685143823 06-23-2023, 07:29 AM
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To keep you “broke”


I loe e.
post 1685143833 06-23-2023, 07:29 AM
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Mainly only sleazy sales people work at broker firms
post 1685143883 06-23-2023, 07:31 AM
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Didn't know that still existed tbh. Figured zero fee, online trades is the standard these days. For cars, just use Carvana tbh. Haven't bought a house so not sure what a RE broker does
post 1685143893 06-23-2023, 07:32 AM
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What makes me lmfao is when they walk around thinking they are gods gift to the world.

They are right next to those illegal immigrants who mow lawns.

Literally any idiot gets into it. They get fuming when I tell them I work a real job.
post 1685143923 06-23-2023, 07:33 AM
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These are simple inefficiencies in the economy that will be fixed as technology advances. I dream of a day when real estate salesmen are entirely replaced by automation (as well as similar "leech" professions as mentioned in the OP)
Originally Posted By MetroBrah⏩
Didn't know that still existed tbh. Figured zero fee, online trades is the standard these days. For cars, just use Carvana tbh. Haven't bought a house so not sure what a RE broker does
I assume its primarily old brahs using stock brokers (people who have millions invested but are 65+ and can't be bothered to keep up with modern technology). Real estate brokers are much worse, though, because you really can't avoid them. If you see a house on zillow and want to buy it, there's going to be a real estate broker in the way who adds ~8% to the sale price of the house while providing zero useful services
post 1685144083 06-23-2023, 07:35 AM
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They no longer need to take more than a tiny fee.
post 1685144233 06-23-2023, 07:39 AM
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they are parasitic middlemen whose rent seeking behavior serves no purpose to the economy
post 1685144573 06-23-2023, 07:47 AM
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I normally sleep with them.
post 1685145293 06-23-2023, 08:01 AM
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Honestly u need a broker.

I thought i would get a better deal by going straight to buyer. However we had a back and forth negotiation that went sour.

Then some guy with a broker scooped in and grabbed the deal last second at 10k less than my offer. I am ded srs.

Dude legit said he doesn’t care if I offer 20k more.

Broker kept everything about numbers and professional. The house was 500k off from last year. Dude lost 500k already he didn’t need my bs lmfao
post 1685145793 06-23-2023, 08:11 AM
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Originally Posted By MetroBrah⏩
Didn't know that still existed tbh. Figured zero fee, online trades is the standard these days. For cars, just use Carvana tbh. Haven't bought a house so not sure what a RE broker does
They take a cool commission for unlocking a door for you. When they do try to be productive they usually just get in the way and then have an extremely high ego on top.
#
post 1685145863 06-23-2023, 08:12 AM
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Travel agents are the ones that really get me. How are places like Flight Center still in business?
post 1685146593 06-23-2023, 08:23 AM
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I had to use a realtor to buy my house and they were the most useless person I ever had to deal with. Not only did I not actually need them, but when I had a lawyer look over the paperwork they contradicted a lot of what they said. (Ded fkn Srs)
post 1685148063 06-23-2023, 08:42 AM
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If you’re investing and have a little bit of knowledge use a discount broker. Save on commissions and management fees even if you have $$$$$$.

IMO and from my limited work experience full service brokers are all the same. They offer the same investment products that’s why it’s so easy to transfer from BoA to Wells Fargo or to Morgan Stanley.
post 1685148083 06-23-2023, 08:43 AM
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Read the title as "brokies". Thought I almost had to justify my existence.
post 1685148273 06-23-2023, 08:45 AM
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Originally Posted By MetroBrah⏩
Didn't know that still existed tbh. Figured zero fee, online trades is the standard these days. For cars, just use Carvana tbh. Haven't bought a house so not sure what a RE broker does
check out opendoor
post 1685148533 06-23-2023, 08:49 AM
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I have never had any appreciation for real estate brokers. They were valuable when they had access to MLS and no one else did. Honestly always felt that should have always been a huge anti-trust case, but anyway...

Recently I sold a house (well its under contract), and it was a rental property for 15 years and was pretty beat up. It needed about 12 different types of contractor to fix everything to get it ready for the market. The realtor had all of those contacts, put the contractor box on the door and scheduled everything, checked behind them, and I just approved quotes and cut checks. She basically GC'ed about $25,000 worth of work on the house. For the first time that was a realtor who was worth EVERY PENNY.

Generally, I have no use for them.
post 1685148553 06-23-2023, 08:49 AM
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Apartment/house Rental brokers are leeches but they are for sure worth it in todays market.
Too many chitty places to sort through and a lot of people don’t list the good ones online.
The rest can go get phuked
certified sp driller
post 1685151673 06-23-2023, 09:41 AM
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Hey HMFIC why did you neg me? What did I ever do to you? srs.
post 1685151803 06-23-2023, 09:43 AM
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#20
  1. HMFIC_BROWSIN
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Originally Posted By SouthDakotaBrah⏩
These are simple inefficiencies in the economy that will be fixed as technology advances. I dream of a day when real estate salesmen are entirely replaced by automation (as well as similar "leech" professions as mentioned in the OP)
We already have the technology.... I can see every single listing mapped online for free, instantly... The paperwork they use is just carbon copies of the same trash they do for everyone, with the details of the home changed. They make thousands and thousands of dollars per sale. That is INSANE.
post 1685152043 06-23-2023, 09:45 AM
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Agreed I spent the last 4 months dealing with some retarded brokers trying to sell the last house I built.

Was seeing absolutely no results so I told them to fuk off. Within a month of doing advertising for the property myself the house was sold.

Fuk paying 6% to an imbecile car salesman that can barely do basic math.
post 1685152233 06-23-2023, 09:47 AM
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#22
  1. HMFIC_BROWSIN
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Originally Posted By DomMJr⏩
They no longer need to take more than a tiny fee.
Real estate brokers take HUGE fees. They shouldn't take any fee at all. Their job is already expired, but they keep hanging around.
Originally Posted By ScrillaIsBake⏩
When I was looking at houses last summer my realtor kept pushing me towards her broker (I was using my bank). The whole process is scummy. On /r/personalfinancecanada they absolutely hate realtors or RE brokers and now I can see why.
Oh yeah, real estate brokers are like that friend who is in an MLM that you can't be friends with anymore.... "Hey, want a new house? do ya? do ya? I'll sell you a house!" lmao. Never in my life have I ever tried to profit off a friend. wtf.
Originally Posted By gmenfan40⏩
I had to use a realtor to buy my house and they were the most useless person I ever had to deal with. Not only did I not actually need them, but when I had a lawyer look over the paperwork they contradicted a lot of what they said. (Ded fkn Srs)
Yeah I mean outside of the paperwork, which the broker DOESN'T EVEN DO, real estate brokers are simply parasites.
post 1685219213 06-24-2023, 11:00 AM
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Lots of people don't want to deal with paperwork and whatnot. We bought our house 2 years ago during the bidding wars and I didn't want to be bothered with talking with the other agent/ buyer or deal with the paperwork, talking and such.

We also have a financial advisor that does investments for us and manages our money market accounts, etc.. I just don't want to do any of the stuff and rather pay someone to do it.

I also live on 2 acres of land and I don't want to mow it so I pay $500 a month for someone to do it for me. I live in the DC area so everything here is expensive but I value my time.
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post 1685219313 06-24-2023, 11:03 AM
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Originally Posted By aranadiscoteca⏩
Travel agents are the ones that really get me. How are places like Flight Center still in business?
People are lazy and want everything taken care of for them.
post 1685219483 06-24-2023, 11:06 AM
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Index funds 100%

If I was a mogger wouldn't bother either, just use my insider tips lmao.
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post 1685219663 06-24-2023, 11:11 AM
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All scumbag professions. When I started trading I was paying $100 a trade and of course my POS broker was encouraging me to trade more. Real quick booted his ass but he cost me a ton.
post 1685219913 06-24-2023, 11:15 AM
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In times when money is plentiful and deals are easy, the value of good brokerage isn't as high.

Let the market operate on "hard mode" for a while though, and you'll quickly realize the value of good brokerage.
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