 ADVISE PLEASE!!! Should I stay in the house I am in, or should I move? PLEASE READ BELOW? |
| I am currently renting a home, my landlords decided to put the house on the market and do a short sale. After an open house and 3 other showings, the real estate agent said that she received ... |
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 My parents want to buy a home under my name. What should I do? |
| I'm 22 with pretty good credit and a good paying job. My parents have never owned their own home but now that they're more successful business wise, they're up for it. They both have ... |
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 Is it possible to buy an island for about $2 million? |
| i herrd that leonardo de caprio bought an island for 1.2 millon and i was wondring is it tru becaue i have about 2 million saved and i would love to buy an island where can i get the info?... |
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 Can my landlord require me to do this? |
| My lease ends at the end of this month, and my landlord is sending me 'requirements' to move out. One of them is show her proof of final payment for utilities (in my name). I don't ... |
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 How do I make a nonpaying tenant leave my house? |
| My tenant has left her old mother alone at my house 2 days before the end of the lease saying that her mother would leave on the last day and return the house, But the mother refused to leave and ... |
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 Lease ends 6th of October. Should landlord have to prorate me if I want out by 6th? |
| I live in Washington state. I am on a 6 month lease and was wondering if I have to pay in full for my last months rent. I want to give them 30 days notice by the 6th of September. Are they required ... |
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 Can my landlord sue me when there was no verbal or contractual agreement of rent? |
| I recently rented the lower level of a home. The place turned out to have more problems and issues than I cared to deal with. I never agreed to a specific amount of time that I would stay or what ... |
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 After ice storm, tree fell on my car. Will my landlord be liable for the damage? |
| I rent a house. There is a pine tree that has been dying since before I moved in on the property. Two weeks ago we had a winter storm - freezing rain, below zero temps, wind gusts 30-40 mph. Well, ... |
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 Can I make it with a room mate? |
| Ok so I want to move out when I turn 19 and when I go on to this school I'm transferring to. The apartments around there are probably around $300 - $400 and I want to know if I can make it with ... |
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 Know any mortgage companies that will do 100% financing with fico scores of 561 and 624 respectively? |
| my hubby and i make around 95,000 a year and we only have a car payment and a payment on land that we bought last year. we are working hard to pay off all our debts, we sold our last house a year ago ... |
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 Can a builder require you to apply for a mortgage with a specific lender? |
My wife and I are buying our first home. We are already pre-qualified for a loan through a broker. We found a house in a new development that we decided we wanted to buy.
I know in C... |
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 When does a house become a home? |
| I moved a month ago to a one bedroom apartment. Ive always lived with either my parents or my husband or my children. I just cant seem to feel at home in this new place. What are some things i could ... |
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 I live in NY. If I refuse to pay fine that was levied from my townhouse association - what can they do? |
| I have heard that some associations can forclose on your home over fees not paid. But I don't believe that is in NY.... |
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 My Landlord refuses to allow me to have a cat. He was extremely aggressive towards me and claims they're dirty |
What can I do?
I called him and his reasons for his instant refusal were that cats are "dirty, flea-ridden animals" and he hung up on me.
When I called him again, I stated that I ... |
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 How do I get a mobile/manufactured home put only in my name.? |
My auntie is "helping" me take possession of a mobile home I inherited from my uncle (her brother).
She said it had to be put in her name as well as my name to avoid an ... |
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 Can I get evicted while husband is in boot camp!? |
| My husband is in US Navy boot camp.. He's been there a month and we still have not recieved his first paycheck. (pay day= 1st & 15th)The recruiters said AFTER he left that I probably won... |
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 Please don't make judgments, just advice.....good advice...use-able advice! PLEASE? |
| Ok, I got an apartment..things were great..bad luck set in. I needed to move back closer to family. I talked to the lease agent & she made me give a 60 day notice & I had to pay rent for the ... |
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SQD | Bottom Line: Do Real Estate Agents Deserve 6-7% of a person's net worth? |
In short, for working 12-40 hours, do they deserve the equivalent take-home pay of almost a year of labor??? (assuming most people have a 30 year mortgage and pay about half to it each month...)
The labor is so overpriced, that no buyer in his right mind would pay 3% extra for a property for said "service", that's why it's mixed into the seller's price, so they get to lose.
C'mon, we all know this is a protected mafia racket that discriminates against and boycots FSBOs...don't you think people are going to wise up to this rip-off?
Additional Details
almost 100% of a person's net worth is their home, unless they're in the minority |
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Mike
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My experience with most real estate agents, real estate brokers and REALTORS is that they are very poorly trained and do not offer any real value.
I have been investing in real estate for 40 years and I have never used a real estate agent or REALTOR.
When I bought my first house I was an 18 year old kid in college. None of the agents would help me because they did not think that they could make any money off me.
While I was in college I bought several more houses and rented out rooms to my fellow college students. I found that I could get enough money doing that to pay the mortgage on the house, if I was very careful about buying the house and not paying too much money for it.
By the time the real estate agents figured out that they could make some money off me, I discovered that I knew more about the process and the business than they did.
Real estate agents are trained as salespeople. They are trained primarily to sell their overpriced services to you.
The only real estate agents that I have found that I thought provided anything of value is those who have been active in regular business for 20 to 30 years or more. Not those that have merely had a license that they haven't used for 20 years.
At least if they have been active and around that long they have some experience with different markets. That can be of some value.
Otherwise they do not provide enough value to justify their fees. I find this to be particularly true of new inexperienced agents. |
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BankerLady
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Most of the agents that I know of are nothing but lazy no goods that cannot get or hold a real job thus they take the simple test and become a bonafide Realtor. They can afford to be lazy and not get a sale for long lengths of time because when a sale hits they cash in. Another fact not to be ignored is the broker they have to work under is the real criminal that rakes in over half of the total percentage that is charged the seller passed on to the buyer. All they do is artificially escalate home prices to line their pockets... IMO.. |
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Legend
 |
RRIPP OFF!! |
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Sharon
 |
You can't be serious?!
Do some serious research then come back here and tell us what you found. |
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teran_realtor
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So how soon can we expect you to open up your Real Estate Brokerage? Seems it would be foolish to turn your back on something so obviously easy and lucrative...... |
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acermill
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You only know people whose entire net worth is tied up in their single personal residence ? That doesn't describe most folks I know. That being aside, are you simply naive enough to think that there are no expenses involved in procuring a buyer for a real estate property ? Do you want to pay for the costly newspaper advertising ? For realtor.com exposure? For the operation and maintenance of the MLS, including electronic lockboxes ? For E&O insurance? For automobile expenses ? For licensing fees ? For the legal forms required ?
Get a grip man. And WHERE do you get the asinine notion that a real estate agent works 12-40 hours per week ? I think you need a serious reality check. |
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?
 |
Hey moron I have a news flash for you. You don't know zip about what's involved when being an agent for a buyer or seller. You think it a quick and easy money maker don't you.
I''ll bet your a teacher or government employee who cry's all
the time while you get all those paid holidays and don't do anything anyway. Get educated if you still can. |
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C D
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No! They don't deserve it. However, on the flip side...They can work for 6 months and get nothing if your house doesn't sell.
Most sellers refuse to sell their homes at market rates. They think their home is the best one on the block. So the house sits and you end up lowering the price when you get desperate. Your home probably is NOT worth what you want it to be.
Maybe they should offer a flat fee and tell you too bad, so sad if the house doesn't sell. And they will walk away with your money anyway.
The real question here is....Which end do you want it in? |
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kemperk
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wow. you are missing some components of business.
earning 3% of a sale can take some agents 5 yrs, depending on the
type of clients they seek, the services
they perform and more.
IF we assume the average agent
earns 3% GROSS and
helps buyers or sellers with 25 houses a year that average $200,000,
that is $6,000 x 25 = $150,000.
and then, the agent must pay expenses [unless they are a split
agent and then, they gross about
$50,000.]
That is not a huge paycheck.
And an agent helps a buyer find the
best property at the best price and
if representing a seller, finds
buyers.
There is no salary for this category
of employment- so this type person
[RE agent] sometimes works for
2-3 mo with no pay whatever!
Statistically, fewer than 3% of all
real estate agents nationwide earn
more than $100,000 GROSS per year.
[some RE agents who help buyers buy commercial RE can earn 15x
that!]
btws-the 6% or 7% has nothing whatever to do with a person's net worth!
NOTHING.
96% of buyers put up less than .5
or 1/2 of 1 percent of their net worth. |
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src50
 |
It isn't a percentage of "net worth." Its a percentage of the sale price. |
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cherylthornell
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Until you sell property yourself you have no idea what's involved or the liability you open your self up to. It's very expensive to be a REALTOR and very expensive to sell a piece of property. It gets really expensive when you have to go to court over something you knew nothing about. The general public is unaware of all the laws involved. There's a lot more to it than meets the eye. |
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