Re: Radical change in any direction is good news???

On 22-Jul-2005, (A A) wrote:

> One result of a bursting RE bubble could be a radical change in
> marketing: More streamllined with lower commissions for RE sales
> agents. High commissions in the 5-7% range may be justifiable when
> "irrational exuberance" drives prices up in a bullish RE market and the
> seller has profits to draw from. Actually, many in the mortgage and
> real estate business have done very well over the past few years. I'm
> talking about the serious, established, professional realtors ... not
> the novice part-timers. The idea that a bearish RE market would be good
> for realtors is ludicrous. Art

It can't get any worse. You're obviously not a Realtor. What's been
happening is the sheeple hear in the media that the market is "so hot houses
are selling themselves." So they sell it FSBO. For the first time ever
discount brokerage franchises have actually had some success penetrating the
market.

Being that selling is like going "from the frying pan into the fire" most
sellers have been holding, refinancing their appreciation and fixing up the
house as a substitute for selling. Which makes for many more buyers than
sellers. It's easy to find buyer to show houses but good luck finding one
they like and can afford. My best friend has been "an established" realtor
for the past 18 years. Go many awards and top in sales mostly as a buyer's
agent. Her business gradually dwindled from and average 25 closings a year
to 7. She was able to put two kid's though college. The last few years she
barely has been able to pay her own bills. I've trained realtors for the
past year and I'm being told by old-timers it is the worst it's ever been.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=




All the best,

Keter Pardes
(reply to me here I don't read my email)

Re: Radical change in any direction is good news???

>> she barely has been able to pay her own bills. I've trained realtors for the
past year and I'm being told by old-timers it is the worst it's ever
been.
--
Warmest regards,
Steve Horrillo, Realtor /

***********************************

But what is bad for all the wallet vacuum boys IS GOOD for the rest of
us. In Europe re=broker fees are less than half what they are here.
Stock investors fired their high commission brokers years ago but the
RE-broker political lobby is so strong that it is taking longer to get
rid of nasty re-broker extortion fees.

Please answer this question: What did any re-broker ever do other than
get in the way and vacuum wallets? Please tell me ...

Re: Radical change in any direction is good news???

On 23-Jul-2005, "Didn't Vote 4 George Warmonger Bushwacker"
<> wrote:

> Stock investors fired their high commission brokers years ago but the
> RE-broker political lobby is so strong that it is taking longer to get
> rid of nasty re-broker extortion fees.

All NAR is powerful at is vacuuming the pockets of Realtors. If NAR was so
strong we wouldn't be subject to the No-Call and CAN-SPAM laws. BTW the
funding for their lobby is not included in the mandatory dues (although they
make it look like it is on the renewal form) so they're not as well funded
as you might think.

> Please answer this question: What did any re-broker ever do other than
> get in the way and vacuum wallets? Please tell me ...

You have us confused with attorneys. And if you're going to troll you need
to be more subtle than that. :)

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=