We dislike arrogant agents, which means we dislike you, as you are one.

Your profession is worse than useless. You are an active leech on society.

Even a 2 percent split is a lot of commission on a $1.5 million property.

Also, if a real estate agent does not invest in real estate, or lives in a very low-end home, like many do, but is foolishly spending money on a fancy car they can not afford, why in hecks name would you ever trust that person’s advice. They are obviously not too financially savvy.

The other problem is there are too many part-time agents. They are too often distracted and not focused.

Only work with full-time experienced agents who do not have second jobs that they are focusing on, and who understand the value of buying properties as investments.

Also, if a listing agent ever nags you to lower the price, cut them loose. That is a losing strategy that signals desperation. Don’t do it. You will still get offers.

Real estate sales agents are a dime a dozen, you will find another agent, quickly.

If your property has no material defects, it is okay to stick to your full asking price.

When did selling a home become like a flea market, with haggling encouraged by agents who want a quick sale for their own sake.

How come nobody talks about mineral rights, and how a home for private use is listed as commercial, using words like residence when they know or should know there client thinks its private not commercial, there are many lies involved with using any realtor, most are clueless and on a need to know bases!

It is to purge the profession of all the part time real estate sales professionals and people who are obviously so terrible at real estate investing that they own nothing, even though they are 50.

Agents need to prove themselves before they aspire to selling or listing million dollar plus homes.

It is so easy to research an agent. If they do not own several properties or any of value, why in God’s name would anyone that is successful in life listen to that agent’s advice.

Also, when with a client, turn off the cell phone, and give your full attention to the client you are with. It is the professional thing to do.

Also, please stop lying to your listing clients about how expensive it is to advertise the home.

It’s not. Agents need to fill up ad space.

Worse, it shows that the agent is not savvy enough to realize that she/he needs listings to show they have what it takes to sell a home. If an agent has no listings, unless they are just starting out, that says a lot about their skills or lack thereof.

Lastly take a listing you MAY consider overpriced. When I have refused to list a house for the lower price an agent insists is right, I have always received my full asking price. It may take longer than two months, but I always get it.

With a recent property sale, had I listened to the agent, I would have left $400,000 dollars on the table for a 1. 8 million dollar plus lot

There is a buyer for every property. If your client is not in a rush to sell, and the area is desirable, list the property at the client’s asking price. Or, someone else will and it will sell.

Facts! Thanks for the catch!

I agree. About a year ago, I received a letter from a real estate agent, who said he had a buyer that was seriously interested in a unique property I owned.

It was not listed. There is a serious shortage of homes in my area, and it is not uncommon for people to make an offer on a home that is not on the market.

I called the agent gave him my $1.5 million make-me-sell, price and offered him a 2 percent commission, if he handled both the buyer and seller end of the deal.

I think that was an excellent and high commission percentage given that he had done nothing to market the property or show it, and he was simply bringing a pre-sold buyer.

The agent got a surly and insisted that he wanted 3 percent. His logic was that he had been showing his client homes for two long years.

I was not a motivated seller, so I held firm at two-percent, and told him to ask his client for the additional 1 percent for wasting his time for so long.

He sullenly agreed verbally to my commission and terms, showed up with the buyer, and the buyer offered full price, no contingencies.

When the agent emailed the contract, in the contract it stated in several areas that the agent was the representing the buyer only. The agent was totally ignoring our verbal agreement that he represent both me, as the seller, and the buyer.

Because of the contract language, I purposely did not respond to the contract within the specified time, and let it lapse.

The agent later contacted me by phone and stated the buyer was still interested. I told him he was deceptive and not trustworthy, and I had no interest in doing business with him.

The buyer contacted me on his own a few months later. The house was still not listed. We closed the deal using only our chosen attorneys and a Title company.

I worked as an agent for one year. I left the industry because of the low-class behavior of about 90 percent of the other agents on both the listing and buyer agent side. I agree with your post.

For many years, now, I have invested in real estate properties all over the USA. If I find a property I like, I don’t play games. I offer the full asking price. I only attempt to lower the offer, if the inspector finds a very major defect.

The fact is that the main goal of most listing agents is to sell your home or land as quickly as possible., even when the seller is not a motivated seller and is in no hurry to sell.

The listing agent wants to get their commission, quickly, and move on. They do not want to wait six months.

To that end, they badger inexperienced sellers to lower prices drastically by using manipulative tactics to scare the seller into thinking their asking price is too high and that they will never find a buyer.

Their worn out phrase of: “the first offer is the best offer,” is often very wrong in my experience. I have several times received my best offers several months after listing and several times I have gotten an over asking offer, after I have pulled a listing that is not selling at my chosen asking price.

The over asking price came in after a new agent seeking my now expired listing attempted to falsely convince me the home was now a “stigmatized property” because it did not sell during my first 4-month listing.

I just laughed at his obvious, deceptive misuse of the word stigmatized as it pertained to property. Thanked him for his interest in my property and disconnected the call.

Just so everyone knows, the actual definition of a stigmatized property in real estate parlance is property that buyers or tenants may shun for reasons that are unrelated to its physical condition or features. These can include death of an occupant, murder, suicide, and even the belief that a house is haunted.

The listing agents care nothing about getting the seller the highest price, possible.

To an agent, lowering the price of a $1 million home or land, by $100,000 is a negligible deficit to the agent’s commission percentage. To the homeowner, however, it is a loss of $100,000.

From my perspective, lowering the price of a listing signals weakness and invites even lower offers.

People typically either offer full price to lock up the home purchase, or they make a lower offer or even insulting low-ball offers. So why lower the price of the home, once the listing is advertised.

I always get full price for my homes, even if the buyer’s agent insists it is overpriced. There is always a buyer who likes the land or home, the location, the school district, the township, and does not want to take the chance of the seller pulling the listing, or finding another buyer.

I have also had low-ball offers come in again at full price, when I simply refused to lower my asking price.

I always refuse lower offers. And, as noted, I always get full asking price. I never attempt to sell a home, when it is absolutely imperative that it sells quickly.

As others have mentioned, most agents do very little work to sell a $1 million home. Yet they garner a huge commission. Most do about 20 hours work on higher end homes. They do far less work on lower-priced homes.

I would gladly pay agents $200 per hour for their time for marketing a high-end home and $100 per hour for a lower-priced home or condo.

Also, do not buy their propaganda about having to advertise the home. They NEED, listings to show, otherwise they look like losers to both clients and the office’s broker of record.

Today, agents do not even close the deal, that work is now done by the title company. The title agents are the most savvy people at the settlement, not the agents.

It is also not fair to the seller that they have to pay both the listing and buyer’s agent’s fees.

The buyer does not need a separate agent. They can contact the listing agent directly. That is what I have always done, when buying property.

In addition, bringing a buyer’s agent is a relatively recent concept. They are redundant and often kill deals for the buyer, who then ends up unable to find an equivalent home that they like in an equivalent location, town, school district, etc.

If the buyers are unsure of themselves, they can hire an attorney to review the contract for far less money than a buyer’s agent’s 2.5 to 3 percent commission. Although, lawyers also sometimes kill the deal, leaving the buyers unable to find an equivalent home.

The good news is that the commission structure for agents will change in July due to a recent lawsuit about agent’s commissions and the ensuing settlement.

Here is information from a bank rate article posted 4 days ago, titled:

“The future of real estate commissions post-Realtor settlement”

Starting in July 2024, home sellers no longer will be responsible for paying both their own agent and the buyer’s agent. Instead, homebuyers who want representation will have to pay their own agents separately.

Wow. You are a piece of SHIT. omg. I know exactly what Realtors do…and it’s jack shit as far as positives. They just suck everyone dry with thier demands, stupidity and disorganization.

Hey Hallie! Man do I wish I had found that map long ago. I don’t even know if Google maps was very much in the scene when I did this post, and it was all based on my own curiosity and experience. You want a really old/good read, check out my old “Tour de San Francisco”…www.tdsf.blogspot.com. Good stuff there. Thanks for finding my site and taking the time to make a comment. If I can help you, or anyone you know with that next property purchase or sale, please do reach out.