Quote:
Originally Posted by JimJohnson
Unfortunately, at a 6% realty’s fees, we are being robbed of 10s of thousands of dollars by agents. I would pay $10,000 flat fee, but at 6%, we are paying unreasonable fees for a few hours work. Go to homelister where you have the same services for a flat $500.00 fee.
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You are truly misinformed regarding many aspects of real estate. Not all brokers charge 6% and keep in mind that 6% fee is split between the listing broker and selling broker. Then, the agent gets her/his split from the broker and that figure varies and is between the broker and the agent.
It's very sad you feel you are being robbed at a 6% fee. I am assuming you had a very bad experience somewhere along the line.
And you think you are paying an unreasonable fee for a few hour's work? You really have no clue regarding how many hours an agent puts into listing a property servicing their seller and dealing with other agents! You also have no clue how much money and time an agent has into licensure, dues, advertising, open houses, showings, photography, listing fees, desk fees, real estate courses, etc. The list goes on and on.
You didn't mention the price of a property when you would only pay $10,000, but my guess is that if that was the case, you wouldn't have many showings; it's the old story -- you get what you pay for!
Most real estate agents are professionals and they work more than 40 hours a week at their job! They do not take their job lightly and that is how they earn a living. It's unfortunate and unreasonable that you feel it necessary to belittle those who do work in this field.