Pet Peeves

[tripletfeb]

I've toyed with the thought that being a realtor/real estate person might be fun. But that's a ton of driving and I try not to do that, so....

And you'd be meeting a lot of strangers. Ya know, that whole stranger danger thing

 

[sdm111]

realtors and agents, at least the good ones, are about their money. that’s a pretty common thread through the entire industry.

nice suit, nice handbag, nice car…it makes an impression on a client when they come into your office or you pull up to a property.

I'd prefer the one that pulled up in a 1984 Ford Fairmont with an exhaust leak. Must be an 84. Don't be pulling up in no 85 and think you're getting my business.

 

[sdm111]

And you'd be meeting a lot of strangers. Ya know, that whole stranger danger thing

Yeah I wouldn't suggest being one in New Orleans.

 

[DickMidnight]

I'd prefer the one that pulled up in a 1984 Ford Fairmont with an exhaust leak. Must be an 84. Don't be pulling up in no 85 and think you're getting my business.

i’m sure there’s one out there that fits the bill for you.

 

[Ilovemychicks08]

yup. realtors have to pay dues to remain a member of the national association of realtors. i think the dues are around $100/year. but i haven’t checked recently.

not to be confused with real estate agents who can help clients buy and sell property in the state(s) they’re licensed in.

realtors have access to more market data and a national network of realtors. in turn, they’re held to a higher ethical standard than agents.

My relative has to pay 200 dolalrs ever 2 years for refresher schooling and then 700 dollars for dues. Not including quarterly dues.

 

[tripletfeb]

correct. the agent or realtor who represents you as the buyer receives their commission, in whatever split they’ve agreed upon with the seller’s agent, from the seller.

if the property is $100,000, and they’ve agreed upon a 5% commission split evenly, each agent gets $2500 when the deal is completed, with $95,000 going to the seller (less taxes, closing fees, etc etc etc…)

if you want to split hairs, the buyer’s money is paying the commission for both agents, but it’s not like you have to buy the property and then also pay your agent’s commission out of pocket.

So, I'm assuming that if you have an agent or realtor looking for land for you, you are locked into using them to buy it, correct? They have you sign a contract, right?

 

[DickMidnight]

So, I'm assuming that if you have an agent or realtor looking for land for you, you are locked into using them to buy it, correct? They have you sign a contract, right?

i’ve never signed anything before offers were put in.

but once you put in an offer through your agent, yes, they’re representing you in the sale.

what you’re thinking of applies more to selling a house. you usually sign a 6 month exclusive agreement with an agent to list and show your property.

 

[DickMidnight]

My relative has to pay 200 dolalrs ever 2 years for refresher schooling and then 700 dollars for dues. Not including quarterly dues.

each state might have their own fee structure, so i can’t speak to what they pay in total. all i know is the yearly dues to the NAR are $150.

but it sounds like they’re around $1000 all in for the year, which isn’t a lot when you consider the standard commission on a $250,000 sale is about $6,000.

 

[sdm111]

My sister was a realtor but she basically was my broker friends right hand lady. You knew it was her when she pulled up. Everybody else in their escallades and suburbans or yukon when they were popular and she had her stick candy apple red bmw e30. It was soo small parked next to the land yachts. Got out with her hot pink hard hat on commercial sites while building.

 

[tripletfeb]

i’ve never signed anything before offers were put in.

but once you put in an offer through your agent, yes, they’re representing you in the sale.

what you’re thinking of applies more to selling a house. you usually sign a 6 month exclusive agreement with an agent to list and show your property.

I just emailed a realtor company. Let's hope they work out