Re:Ask HN: What problem in your industry is a potential star...
by bdangubic on Thursday December 15, 2016 @03:27PM
(#13188017)
Oh c'mon...
"Spending 10 hours on four deals is not physically possible, or you have the luckiest, worst realtor in the history of the broker business."
In lots of cases there simple isn't anything to do. I saw the house, did my own research on it, went to see it, did more research, did more research and then called my Realtor and said "Make an offer." Is that worth $43,000? Why would she make $43,000 for few hours of work? I bought two houses this way, my first and last call to my Realtor (personal friend of mine) was "Here's our offer on the house, send it in." One offer was immediately accepted, the other one went back and forth 3 times over two days.
The simple fact that charging based on percentage of the sale is theft, there is no other way to put it. There is one other "entity" that does this and this is Government with Sales Taxes (also theft :-) ). Can you tell me one good reason why Real Estate Agents do not simply charge by the hour?
"Spending 10 hours on four deals is not physically possible, or you have the luckiest, worst realtor in the history of the broker business."
In lots of cases there simple isn't anything to do. I saw the house, did my own research on it, went to see it, did more research, did more research and then called my Realtor and said "Make an offer." Is that worth $43,000? Why would she make $43,000 for few hours of work? I bought two houses this way, my first and last call to my Realtor (personal friend of mine) was "Here's our offer on the house, send it in." One offer was immediately accepted, the other one went back and forth 3 times over two days.
The simple fact that charging based on percentage of the sale is theft, there is no other way to put it. There is one other "entity" that does this and this is Government with Sales Taxes (also theft :-) ). Can you tell me one good reason why Real Estate Agents do not simply charge by the hour?