Talk of The Villages Florida - View Single Post - Incentive for Realtors
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Old 04-02-2012, 09:51 PM
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TrudyM TrudyM is offline
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Location: Bought Tamarind Grove, Mercer Island Wa, previously NH,FLA,Hi,CT,CA,GA, Hubby from Hawaii
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Default I hate the way the MLS system works

Realtors get paid alot for little work on some listings and work alot with some buyers and sellers for not much on others. So those who have priced their homes right and staged them correctly and Those who do their research and know what they are looking to buy so as not to waste anyones time, end up paying for those who keep realtors running around showing listings when they are not really ready to buy or can't afford what they want.
I also hate realtors who don't preview the listings to see if they match what their customers are looking for but just drag them all over looking at whatever looks good on the MLS. A person can do that kind of search themselves with the internet. I found the last two houses we bought on the internet and the realtor spent a total of 20 hours showing us listings and negotiating the contract (after I fixed it) and for this he got 10 thousand dollars (1/4th of the commission). The commission on my house will be around 50 thousand dollars and it just kills me to pay it. My neighbor down the street had been brought three contracts on her house before they got one that closed because the realtors brought them buyers who didn't have the down to qualify for it.

In this climate people are finding they can't qualify for as big a mortgage as they could previously as the rules are tight again more like in the early 70's.