Speaking for Real Estate Agents...I am reposting this article from a few months ago

Jun 13, 2019
7:56:58am

Romex Plex Administrator

The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee

A new class-action lawsuit takes aim at real estate agents and the tools they use to do business, and housing industry watchers say it could revolutionize...

https://www.marketwatch.com/story/big-name-lawsuit-could-upend-realtors-and-their-6-fee-2019-03-19

Report problem with this ad

Romex

Previous username: Bobby Dooley
New username: Swag Kazekage
Bio page: Romex
Joined: Jul 11, 2007
Last login: Jan 10, 2023
Total posts: 0 (0 FO)

Report problem with this ad

Messages

Author

Time

Speaking for Real Estate Agents...I am reposting this article from a few months ago

Romex Plex Administrator

6/13/19 7:56am

Would love for them to win. Current structure is awful.

BYUHawk

6/13/19 8:06am

extremely corrupt industry that have kept this horrific structure due to a stron

Mayor of Cougartown

6/13/19 8:30am

"certified"? Do you mean pass the class and test and get a license?

StarMan

6/13/19 8:42am

I mean that’s still an enormously small amount of time compared to most

cougarnerd

6/13/19 8:46am

So it's three weeks work instead of two?

SweetBabyG

6/13/19 8:59am

It could be close to that. I actually remember spending more than 8 hours

StarMan

6/13/19 9:02am

Point being, the barrier to entry is EXTREMELY low.

Mayor of Cougartown

6/13/19 9:10am

IYO, what would be acceptable threshold of education/experience for RE agents?

StarMan

6/13/19 9:16am

What would be more acceptable is if they demanded less money

cougarnerd

6/13/19 9:23am

IYO, what would be an acceptable amount of money to pay someone who is

StarMan

6/13/19 9:25am

$25 an hour for time they actually worked on selling my home.

Broda

6/13/19 9:28am

How about $150-$200 per hour? That's what you're paying appraisers.

StarMan

6/13/19 9:30am

Don't try to change the subject about how useless appraisers are

stoils

6/13/19 9:31am

So it took you 3 weeks to get your RE license... How long do you think it takes

Broda

6/13/19 9:43am

A long, LONG time, only because someone convinced a legislator that too many

StarMan

6/13/19 9:47am

agreed, so like $2K, instead of $15K-$50K

stoils

6/13/19 9:30am

plus you pay the costs of advertising or are you expecting them to pay for it

StarMan

6/13/19 9:34am

You mean like some really nice color prints on glossy paper

stoils

6/13/19 9:37am

Paper advertisements? What year is this?

cougarnerd

6/13/19 9:44am

exactly, how much does it cost to post stuff to the internet?

stoils

6/13/19 9:50am

(likely as a result of this particular thread - and I'm sorry for that.... 🙂 -

StarMan

6/13/19 9:53am

who is randomly clicking on house ads for a potential purchase

stoils

6/13/19 10:00am

I’d pay them flat fees for each of the different services that they offer

KingDave

6/13/19 9:31am

How much more work is it to sell a $250k house than a $500k house? Hint: usually

kos

6/13/19 11:36am

Because realtors take a 2 week course and deserve it...they worked so hard

cougarnerd

6/13/19 11:38am

I was asking for opinions, not stating that I believe it should be any percent

StarMan

6/13/19 12:28pm

It’s kind of like an Uber driver charging twice as much to drive a 200 lb person

KingDave

6/13/19 12:35pm

Yeah, it's not like freight companies should charge extra for heavier loads. 🙂

StarMan

6/13/19 12:53pm

Apples and oranges, man

KingDave

6/13/19 1:05pm

Your response here is much more appropriate response for my question about the

StarMan

6/13/19 1:10pm

BTW, I recognize that the only person understanding all of my responses and

StarMan

6/13/19 1:11pm

I think I understood all your responses also.

grandpacoug

6/13/19 2:10pm

I usually stay away from these pitchfork real estate mobs on here. I don't know why I couldn't resist today.

RoaroftheCougartails

6/13/19 2:14pm

I am an expert in real estate, not sure about all the other posters.

grandpacoug

6/13/19 3:29pm

more than a hair stylist

stoils

6/13/19 9:35am

The problem is buyers all get agents because they don't have to pay. Then sellers homes don't get shown if using flat

Grit for Brains

6/13/19 9:00am

In fairness, they don't collude, they work in their own self-interest to get

StarMan

6/13/19 9:09am

I like your points. The last one is EXACTLY right. Put the client first. if they want a house that pays $100

RoaroftheCougartails

6/13/19 9:15am

yeah these corrupt jerks do shady crap like that sure. It's the worst

Mayor of Cougartown

6/13/19 9:09am

Need a snickers? You sound like Max Kellerman when you're hungry. I won't argue any of your questionable

RoaroftheCougartails

6/13/19 9:12am

^^ Realtor ^^

SJS

6/13/19 9:15am

You're good! Did you have to look at my bio to find that?

RoaroftheCougartails

6/13/19 9:17am

Doctors are really smart that way. Some just don't act like idiots about it.

StarMan

6/13/19 9:21am

But you're missing the fundamental question here. Are there really many

kos

6/13/19 1:51pm

I tend to agree, but then why did you use them?

cougarfann888

6/13/19 2:00pm

Because it's kind of a "pay to play" cartel. And in many places you can't

Goliath

6/13/19 2:32pm

Have you ever seen a lawsuit over a real estate deal? Probably not. They do happen though, maybe not

RoaroftheCougartails

6/13/19 2:11pm

I guess that's a fair point, but I've never heard of any real estate lawsuits.

kos

6/13/19 2:35pm

The comments on that article were very entertaining

KingDave

6/13/19 8:38am

Real Estate Industry makes lawyers seem like angels by comparison

Goliath

6/13/19 8:40am

I am a lawyer have been thinking of getting a real estate license for some side

cougarfann888

6/13/19 8:48am

If you are asking here, it's because you already know

stoils

6/13/19 9:06am

Smarter than the average lawyer or real estate agent, IMO.

grandpacoug

6/13/19 10:15am

After that, the lawyers can bring a class action against one-third contingency fee charging lawyers.

SierraCoug

6/13/19 9:40am

Except that’s not a monopoly that’s actually a very very small

cougarfann888

6/13/19 2:33pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad