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Forum ยป Real estate sloots on suicide watch
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Thread: Real estate sloots on suicide watch

post 1693027963 11-08-2023, 08:02 AM
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  1. greenleaf
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Real estate sloots on suicide watch

How the cost of homebuying and selling will change after landmark court loss over real estate commissions

The recent $1.8 billion jury verdict against the National Association of Realtors and several top brokerage firms highlights mounting legal and market pressures on real estate commissions.

A recent Keefe, Bruyette & Woods analyst report estimated that the $100 billion paid inreal-estate commissions annually could be cut by 30%, with as many as 1.6 million agents losing their source of income.

Commissions are already negotiable, but buyers agents are likely losers ashomebuyers are more likely to bypass them, or in the least, negotiate for lower fees.

https://www.cnbc.com/2023/11/07/home...n-big-way.html
post 1693036523 11-08-2023, 10:28 AM
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  1. naich
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No wonder property sex hasnt uploaded content in months.
**Florida Crew**
**Waiting for National Guard Bus Ride to Labor Camp Crew**
post 1693037213 11-08-2023, 10:38 AM
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  1. OliverHeldens
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This will flush out all of the bad agents, which is a good thing.

However, a slowing market significantly increases the value of good representation. I doubt this will have much impact on commissions, it will just result in the good agents earning a lot more money.
post 1693037243 11-08-2023, 10:39 AM
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  1. IlChosenOne
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Good
* Rawdog crew * Creampie crew * Poverty crew *

Haven't worn a condom since middle school crew

* HTC crew *
post 1693037463 11-08-2023, 10:41 AM
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Back to the stripper pole they go.
post 1693038363 11-08-2023, 10:54 AM
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Originally Posted By OliverHeldens⏩
This will flush out all of the bad agents, which is a good thing.

However, a slowing market significantly increases the value of good representation. I doubt this will have much impact on commissions, it will just result in the good agents earning a lot more money.
this
Royal Crew
Chiefs Crew
Festivus Cew
post 1693039043 11-08-2023, 11:03 AM
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  1. bsmit107
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The homebuyer & seller should get paid by the agent.....seeing as how I'm the one spending the money and the seller is the one with the property.....which is how you the agent even have a "job" in the first place.

I can still buy the house without the agent.....the agent doesn't exist without the buyer/seller.

It's all backasswards.....the agent should be paying the buyer/seller to let them do their paperwork.
post 1693039253 11-08-2023, 11:06 AM
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  1. LuigiMiami631
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Good. To many people becoming real estate agents because they saw Million Dollar listing Los Angeles thinking they can do the same thing.

They should have stayed working at Mcdonald's mopping floors.
post 1693040973 11-08-2023, 11:37 AM
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  1. greenleaf
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Originally Posted By naich⏩
no wonder property sex hasnt uploaded content in months.
lol
post 1693043513 11-08-2023, 12:15 PM
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It shouldn't be a commission job in the first place. It's not 10 times more work to sell a $100k house than it is to sell a $1million dollar house. It's a very parasitic industry. The biggest real estate agent in my hometown made the vast majority of his money by talking old folks who didn't know any better to sell to him directly for less than market value and then listing it himself. He did the same thing flippers do except he didn't bother with the renovation. Sure there's nothing really illegal about it but he's actively harming the community for personal gain
6'2"

OMAD results: 2/15/19-235, 10/13/19-190

OHP-205 Bench- 245 Squat - 405 C&J - 245

2021 Spring cut: 195lbs starting weight
post 1693043823 11-08-2023, 12:22 PM
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  1. TryingMen
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Originally Posted By TBO1313⏩
It shouldn't be a commission job in the first place. It's not 10 times more work to sell a $100k house than it is to sell a $1million dollar house. It's a very parasitic industry. The biggest real estate agent in my hometown made the vast majority of his money by talking old folks who didn't know any better to sell to him directly for less than market value and then listing it himself. He did the same thing flippers do except he didn't bother with the renovation. Sure there's nothing really illegal about it but he's actively harming the community for personal gain
It probably shouldn't be a commission based thing.

But you're only looking at it from the buyers perspective as that being a bad thing. If you're a seller you want you agent pushing for the highest price for you. If you strip out the commission aspect of it and they make the same no matter what, what advantage does a sellers agent have to keep you listing for a high amount? At that point they become better served to get your house sold as quickly as possibly, which means as cheaply as possible.


So it's really a double edged sword in many ways.
post 1693048013 11-08-2023, 01:36 PM
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Originally Posted By TryingMen⏩
It probably shouldn't be a commission based thing.

But you're only looking at it from the buyers perspective as that being a bad thing. If you're a seller you want you agent pushing for the highest price for you. If you strip out the commission aspect of it and they make the same no matter what, what advantage does a sellers agent have to keep you listing for a high amount? At that point they become better served to get your house sold as quickly as possibly, which means as cheaply as possible.


So it's really a double edged sword in many ways.
I mean all this could be said about any service where the person isn't paid by commission, few of which are.
6'2"

OMAD results: 2/15/19-235, 10/13/19-190

OHP-205 Bench- 245 Squat - 405 C&J - 245

2021 Spring cut: 195lbs starting weight
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