Yes! I’ve been saying this for years. Agents do practically nothing! They absolutely do not deserve a percentage of your homes value for what they bring to the table. Their value is worth about 1000 bucks max.
Say it with me now: "I have never done this job, and I do not know what I am talking about. I sound just like every boomer criticizing others for making ‘too much’ for doing hard jobs that I don’t do and are already struggling to make ends meet.
For everybody’s information:
My partner is a real estate agent who busts her ass looking up properties for rent and making listings on platforms to get the word out on them because people simply do not want to or do not know how to or do not know where to look for these kinds of things without them. She spends HOURS driving around town to tour these places with clients, many of whom want to see multiple in a day, all of which they expect her to find and line up for tours that they expect her to schedule with the property managers. Then, most of the time these scumlords will withhold documents, add fees, or argue for why certain repairs don’t need to be made before her clients move in, and she has to fight to fix all that.
Real estate agents don’t get paid a percentage from their clients. They make a percentage commission from the landlord or seller. Why? Because these people want to rent their apartments out or want to sell their homes and either cannot or do not know how or have been failing to do so themselves. Sometimes, over a year. My partner is the reason those repairs get made to an otherwise sellable home sometimes because she and the client agree that the landlord is an asshat for not making them, and her client “will not agree to rent unless the repairs are made”.
In this situation, the SELLER was complaining that they had to pay a 3% commission to a real estate agent to help them sell their house. This service now forces THE PROSPECTIVE BUYER OR RENTER to pay “$49 for each home tour and $199 for an offer prep session. If they want more hand-holding, they can cough up a flat fee of $1,799, which includes up to five home tours and two offer prep sessions, with additional services available on an à la carte basis” for services which were previously free to them.
So all in all, the world is worse for people trying to find a home thanks to all this just so people who were already going to turn a profit can make even more.
House tours are now is scan a qr code set an appointment on the phone and get a code to a digital lock while you tour a home that has security cameras in it. Driving all over town to show homes is boomer bro.
Yea my agent did literally nothing when I bought my property. Bought the house from HUD they came and unlocked the door. Not justified to get a percentage of the value. I don’t give a fuck about having a house staged. I also hired an agent to sell my other property once, they also did nothing and I wound up selling the property myself for cash. I did their job for them. Luckily I was able to get out of the contract before selling. Sorry but your partner is massively over paid for the value that they bring to the table. They are worth about 1000 bucks and nothing more.
It is kind of dumb… I lost out on a property because I didn’t have a Realtor… It is like a racket. If I’ve done the legwork and found the property I want then what purpose does a Realtor serve?
I’m paying full cash.
Yes! I’ve been saying this for years. Agents do practically nothing! They absolutely do not deserve a percentage of your homes value for what they bring to the table. Their value is worth about 1000 bucks max.
Say it with me now: "I have never done this job, and I do not know what I am talking about. I sound just like every boomer criticizing others for making ‘too much’ for doing hard jobs that I don’t do and are already struggling to make ends meet.
For everybody’s information:
My partner is a real estate agent who busts her ass looking up properties for rent and making listings on platforms to get the word out on them because people simply do not want to or do not know how to or do not know where to look for these kinds of things without them. She spends HOURS driving around town to tour these places with clients, many of whom want to see multiple in a day, all of which they expect her to find and line up for tours that they expect her to schedule with the property managers. Then, most of the time these scumlords will withhold documents, add fees, or argue for why certain repairs don’t need to be made before her clients move in, and she has to fight to fix all that.
Real estate agents don’t get paid a percentage from their clients. They make a percentage commission from the landlord or seller. Why? Because these people want to rent their apartments out or want to sell their homes and either cannot or do not know how or have been failing to do so themselves. Sometimes, over a year. My partner is the reason those repairs get made to an otherwise sellable home sometimes because she and the client agree that the landlord is an asshat for not making them, and her client “will not agree to rent unless the repairs are made”.
In this situation, the SELLER was complaining that they had to pay a 3% commission to a real estate agent to help them sell their house. This service now forces THE PROSPECTIVE BUYER OR RENTER to pay “$49 for each home tour and $199 for an offer prep session. If they want more hand-holding, they can cough up a flat fee of $1,799, which includes up to five home tours and two offer prep sessions, with additional services available on an à la carte basis” for services which were previously free to them.
So all in all, the world is worse for people trying to find a home thanks to all this just so people who were already going to turn a profit can make even more.
House tours are now is scan a qr code set an appointment on the phone and get a code to a digital lock while you tour a home that has security cameras in it. Driving all over town to show homes is boomer bro.
Yea my agent did literally nothing when I bought my property. Bought the house from HUD they came and unlocked the door. Not justified to get a percentage of the value. I don’t give a fuck about having a house staged. I also hired an agent to sell my other property once, they also did nothing and I wound up selling the property myself for cash. I did their job for them. Luckily I was able to get out of the contract before selling. Sorry but your partner is massively over paid for the value that they bring to the table. They are worth about 1000 bucks and nothing more.
Yeah, buyers are about to find out how much work agents actually did on spec
It is kind of dumb… I lost out on a property because I didn’t have a Realtor… It is like a racket. If I’ve done the legwork and found the property I want then what purpose does a Realtor serve? I’m paying full cash.