a question for sdrealtor and SD Realtor on “6726 Lonicera 92011”

[murf2222]

As a long-time lurker, seldom-time Poster I’d like to offer my 2 cents here……..

My parents are both realtors, and my dad has had his brokers license since 1979. Since I was raised in a realtors’ home I think I have a pretty damn good understanding of what that career is all about.

Adam (aka SD Realtor) offers discounts because he realizes that selling houses is not rocket science and a realtor should not become a 6% vested owner in a property just because they wrote up the sales contract.

You can talk til your blue in the face about all the wonderful tips you have for your clients, but if you think that you have earned your 30 GRAND commission, then you should come to work with the rest of us and see what it takes to make 30 large. (of course the 30 thousand commission is based on a house selling for 500K and the agent keeping both ends of the deal).

My dad would always try and defend their commissions by arguing that as a realtor/broker he is liable for all kinds things and can be sued at the drop of a hat….BS! That’s just a way for him to rationalize being overpaid. If it were true, then why did he pay so much money in E and O insurance?

Anyways, Adams pricing structure is brilliant as it compensates the realtor on a sliding scale based on how much work he has to put into the deal. WOW, getting paid based on how much work you do……..what a novel concept!

Most realtors got into this game because of the dollar signs in their eyes and the potential *home runs* they could hit. The bubble boom years bore that out as the number of real estate agents multiplied like locusts.

FULL DISCLOSURE…………

Adam is going to be the selling agent for my wife and I when we finally get a “yes” to one of the several offers we have in the pipeline.

Even though we stand to save a lot of money because of Adam’s discount scale, I have advised him that at this point I want to pay him his FULL commission. At this stage in our house hunting, he has ALREADY put in a lot of hours on several different houses.

I think that on MOST deals the realtor is overpaid, but I would be a hypocrite if I did not offer to fully compensate one if they have more man-hours invested than the norm……even if MY interpretation of the norm is on the low-side.

Murf2222

[sdrealtor]

I hate to say it Murf but you just presented the typical discounter argument using inflated numbers.

Where did the 6% come from and why was it even in your diatribe. You know full well, best case scenario on the buy side is 50% of what you said. The buyers agent is never I repeat never paid anything close to 6%. Cmon you said yourself that you grew up in a realtor’s household.

The truth is I have no problem with what he get or gives re: discounts. My bigger gripe is what he sells and how much he lets his clients pay for those homes. I’ll admit it. I am one cheapass, grouchy sonofabitch who is very very picky about homes. I talk clients out of homes they want to buy all the time and in doing so talk myself out of a paycheck more often than not. If I was more like him, I’d make alot more money in this business….

[sdrealtor]

I hate to say it Murf but you just presented the typical discounter argument using inflated numbers.

Where did the 6% come from and why was it even in your diatribe. You know full well, best case scenario on the buy side is 50% of what you said. The buyers agent is never I repeat never paid anything close to 6%. Cmon you said yourself that you grew up in a realtor’s household.

The truth is I have no problem with what he get or gives re: discounts. My bigger gripe is what he sells and how much he lets his clients pay for those homes. I’ll admit it. I am one cheapass, grouchy sonofabitch who is very very picky about homes. I talk clients out of homes they want to buy all the time and in doing so talk myself out of a paycheck more often than not. If I was more like him, I’d make alot more money in this business….

[sdrealtor]

I hate to say it Murf but you just presented the typical discounter argument using inflated numbers.

Where did the 6% come from and why was it even in your diatribe. You know full well, best case scenario on the buy side is 50% of what you said. The buyers agent is never I repeat never paid anything close to 6%. Cmon you said yourself that you grew up in a realtor’s household.

The truth is I have no problem with what he get or gives re: discounts. My bigger gripe is what he sells and how much he lets his clients pay for those homes. I’ll admit it. I am one cheapass, grouchy sonofabitch who is very very picky about homes. I talk clients out of homes they want to buy all the time and in doing so talk myself out of a paycheck more often than not. If I was more like him, I’d make alot more money in this business….

[sdrealtor]

I hate to say it Murf but you just presented the typical discounter argument using inflated numbers.

Where did the 6% come from and why was it even in your diatribe. You know full well, best case scenario on the buy side is 50% of what you said. The buyers agent is never I repeat never paid anything close to 6%. Cmon you said yourself that you grew up in a realtor’s household.

The truth is I have no problem with what he get or gives re: discounts. My bigger gripe is what he sells and how much he lets his clients pay for those homes. I’ll admit it. I am one cheapass, grouchy sonofabitch who is very very picky about homes. I talk clients out of homes they want to buy all the time and in doing so talk myself out of a paycheck more often than not. If I was more like him, I’d make alot more money in this business….

[sdrealtor]

I hate to say it Murf but you just presented the typical discounter argument using inflated numbers.

Where did the 6% come from and why was it even in your diatribe. You know full well, best case scenario on the buy side is 50% of what you said. The buyers agent is never I repeat never paid anything close to 6%. Cmon you said yourself that you grew up in a realtor’s household.

The truth is I have no problem with what he get or gives re: discounts. My bigger gripe is what he sells and how much he lets his clients pay for those homes. I’ll admit it. I am one cheapass, grouchy sonofabitch who is very very picky about homes. I talk clients out of homes they want to buy all the time and in doing so talk myself out of a paycheck more often than not. If I was more like him, I’d make alot more money in this business….

[murf2222]

Re-read my post…….I said the 6% commission is based on getting “both ends of the deal” (i.e. acting as the listing agent AND selling agent).

Surely a veteran such as yourself is hip to the slang that any 1st-year greenhorn realtor picks up right?

And as far as griping about what Adam sells and how much he lets his clients pay? Have you ever even talked to him? I’m starting to think not.

My first meeting with him began with him stating that he felt it was still too soon to be buying. I’ve also been impressed with the fact that he seems to have the propensity to be an even bigger cheapskate than me! What I mean is he has been LESS enthused about our offers than me, which speaks volumes if you knew how I like to sniff out a bargain.

Now that’s saying a lot since I pride myself on never having paid retail for anything in my life!

Maybe the two SD REALTOR’s on this site are so much alike that they repel from each other, like trying to put 2 north-pole magnets together.

Murf2222

[murf2222]

Re-read my post…….I said the 6% commission is based on getting “both ends of the deal” (i.e. acting as the listing agent AND selling agent).

Surely a veteran such as yourself is hip to the slang that any 1st-year greenhorn realtor picks up right?

And as far as griping about what Adam sells and how much he lets his clients pay? Have you ever even talked to him? I’m starting to think not.

My first meeting with him began with him stating that he felt it was still too soon to be buying. I’ve also been impressed with the fact that he seems to have the propensity to be an even bigger cheapskate than me! What I mean is he has been LESS enthused about our offers than me, which speaks volumes if you knew how I like to sniff out a bargain.

Now that’s saying a lot since I pride myself on never having paid retail for anything in my life!

Maybe the two SD REALTOR’s on this site are so much alike that they repel from each other, like trying to put 2 north-pole magnets together.

Murf2222

[murf2222]

Re-read my post…….I said the 6% commission is based on getting “both ends of the deal” (i.e. acting as the listing agent AND selling agent).

Surely a veteran such as yourself is hip to the slang that any 1st-year greenhorn realtor picks up right?

And as far as griping about what Adam sells and how much he lets his clients pay? Have you ever even talked to him? I’m starting to think not.

My first meeting with him began with him stating that he felt it was still too soon to be buying. I’ve also been impressed with the fact that he seems to have the propensity to be an even bigger cheapskate than me! What I mean is he has been LESS enthused about our offers than me, which speaks volumes if you knew how I like to sniff out a bargain.

Now that’s saying a lot since I pride myself on never having paid retail for anything in my life!

Maybe the two SD REALTOR’s on this site are so much alike that they repel from each other, like trying to put 2 north-pole magnets together.

Murf2222

[murf2222]

Re-read my post…….I said the 6% commission is based on getting “both ends of the deal” (i.e. acting as the listing agent AND selling agent).

Surely a veteran such as yourself is hip to the slang that any 1st-year greenhorn realtor picks up right?

And as far as griping about what Adam sells and how much he lets his clients pay? Have you ever even talked to him? I’m starting to think not.

My first meeting with him began with him stating that he felt it was still too soon to be buying. I’ve also been impressed with the fact that he seems to have the propensity to be an even bigger cheapskate than me! What I mean is he has been LESS enthused about our offers than me, which speaks volumes if you knew how I like to sniff out a bargain.

Now that’s saying a lot since I pride myself on never having paid retail for anything in my life!

Maybe the two SD REALTOR’s on this site are so much alike that they repel from each other, like trying to put 2 north-pole magnets together.

Murf2222

[murf2222]

Re-read my post…….I said the 6% commission is based on getting “both ends of the deal” (i.e. acting as the listing agent AND selling agent).

Surely a veteran such as yourself is hip to the slang that any 1st-year greenhorn realtor picks up right?

And as far as griping about what Adam sells and how much he lets his clients pay? Have you ever even talked to him? I’m starting to think not.

My first meeting with him began with him stating that he felt it was still too soon to be buying. I’ve also been impressed with the fact that he seems to have the propensity to be an even bigger cheapskate than me! What I mean is he has been LESS enthused about our offers than me, which speaks volumes if you knew how I like to sniff out a bargain.

Now that’s saying a lot since I pride myself on never having paid retail for anything in my life!

Maybe the two SD REALTOR’s on this site are so much alike that they repel from each other, like trying to put 2 north-pole magnets together.

Murf2222

[sdrealtor]

murf
I saw exactly what you posted and the 6% as justification for discounts is misused. We are not talking about both ends of the deal, we are talking about the buyer’s agent so why even mention the 6%? Why even mention $30,000 of commissions when they are at best $15,000 and in most cases $12,500 on a $500,000 home. Because its sexy to attack our compensation thats why. I will tell you our job is not easy right now. Quite frankly, when I last spoke with Adam we laughed about how much our jobs suck right now. So, I’ve talked too and met him.

To me a bargain is not a good deal unless it is a great home AND a great price. Alot goes into making a house a great home.

I also think that discount/rebate agents inflate the comps. How bout that hearsey! Yes, we’ve heard lots of gripes about inflated comps. Well if you buy a house for $816,000 you are getting a 2% rebate on a 3% commission because you were really willing to pay $800,000 then you just inflated the comps. Never heard anyone gripe about the market distortion that causes. Would love to hear SD R’s opinion on his role of inflating comps. I hear him gripe about inflated comps but not his role in creating them.

Now here’s the punchline to it all. His inflated comps will help me and my friends refinance our homes at these lowest in history mortgage rates. Thanks pal!

[sdrealtor]

murf
I saw exactly what you posted and the 6% as justification for discounts is misused. We are not talking about both ends of the deal, we are talking about the buyer’s agent so why even mention the 6%? Why even mention $30,000 of commissions when they are at best $15,000 and in most cases $12,500 on a $500,000 home. Because its sexy to attack our compensation thats why. I will tell you our job is not easy right now. Quite frankly, when I last spoke with Adam we laughed about how much our jobs suck right now. So, I’ve talked too and met him.

To me a bargain is not a good deal unless it is a great home AND a great price. Alot goes into making a house a great home.

I also think that discount/rebate agents inflate the comps. How bout that hearsey! Yes, we’ve heard lots of gripes about inflated comps. Well if you buy a house for $816,000 you are getting a 2% rebate on a 3% commission because you were really willing to pay $800,000 then you just inflated the comps. Never heard anyone gripe about the market distortion that causes. Would love to hear SD R’s opinion on his role of inflating comps. I hear him gripe about inflated comps but not his role in creating them.

Now here’s the punchline to it all. His inflated comps will help me and my friends refinance our homes at these lowest in history mortgage rates. Thanks pal!

[sdrealtor]

murf
I saw exactly what you posted and the 6% as justification for discounts is misused. We are not talking about both ends of the deal, we are talking about the buyer’s agent so why even mention the 6%? Why even mention $30,000 of commissions when they are at best $15,000 and in most cases $12,500 on a $500,000 home. Because its sexy to attack our compensation thats why. I will tell you our job is not easy right now. Quite frankly, when I last spoke with Adam we laughed about how much our jobs suck right now. So, I’ve talked too and met him.

To me a bargain is not a good deal unless it is a great home AND a great price. Alot goes into making a house a great home.

I also think that discount/rebate agents inflate the comps. How bout that hearsey! Yes, we’ve heard lots of gripes about inflated comps. Well if you buy a house for $816,000 you are getting a 2% rebate on a 3% commission because you were really willing to pay $800,000 then you just inflated the comps. Never heard anyone gripe about the market distortion that causes. Would love to hear SD R’s opinion on his role of inflating comps. I hear him gripe about inflated comps but not his role in creating them.

Now here’s the punchline to it all. His inflated comps will help me and my friends refinance our homes at these lowest in history mortgage rates. Thanks pal!

[sdrealtor]

murf
I saw exactly what you posted and the 6% as justification for discounts is misused. We are not talking about both ends of the deal, we are talking about the buyer’s agent so why even mention the 6%? Why even mention $30,000 of commissions when they are at best $15,000 and in most cases $12,500 on a $500,000 home. Because its sexy to attack our compensation thats why. I will tell you our job is not easy right now. Quite frankly, when I last spoke with Adam we laughed about how much our jobs suck right now. So, I’ve talked too and met him.

To me a bargain is not a good deal unless it is a great home AND a great price. Alot goes into making a house a great home.

I also think that discount/rebate agents inflate the comps. How bout that hearsey! Yes, we’ve heard lots of gripes about inflated comps. Well if you buy a house for $816,000 you are getting a 2% rebate on a 3% commission because you were really willing to pay $800,000 then you just inflated the comps. Never heard anyone gripe about the market distortion that causes. Would love to hear SD R’s opinion on his role of inflating comps. I hear him gripe about inflated comps but not his role in creating them.

Now here’s the punchline to it all. His inflated comps will help me and my friends refinance our homes at these lowest in history mortgage rates. Thanks pal!

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