News for hackers. Stuff that matters.

A comment on Zillow CEO: startups trying to disrupt real estate commissions will fail (2012). Parent comment

Re:Zillow CEO: startups trying to disrupt real estate commis... by whyaduck on Wednesday January 16, 2019 @06:24PM (#18926616)
An average of 3 months to sell a single $1M house in the Bay Area? $60k sounds like it would translate to a pretty good hourly rate.
[ Parent | on HN ]
Re:Zillow CEO: startups trying to disrupt real estate commis... by conanbatt on Thursday January 17, 2019 @11:53AM (#18932314)
You are not counting how many realtors there are, and how hard it is to get that listing.

A new agent might not get a listing in an entire first year. In places like SF, its all about how good you are about generating leads, the house sells itself.

[ Parent | on HN ]
Re:Zillow CEO: startups trying to disrupt real estate commis... by imbusy111 on Wednesday January 16, 2019 @06:26PM (#18926643)
Better than $15/h minimum in some cities, but definitely not 'extremely overpaid'. Note the 60k is for a year, not a single house.
[ Parent | on HN ]
Re:Zillow CEO: startups trying to disrupt real estate commis... by whyaduck on Wednesday January 16, 2019 @06:33PM (#18926714)
Not my point. How could anyone possibly spend 40 hours a week for 3 months to sell a single home at that price in that market? It's not a realistic characterization of the job.
[ Parent | on HN ]