What your real estate guy dosen't want you to know

nowayjose

Retired(?) Member
Sep 15, 2004
227
1
16
somewhere
I bought a place, sold it, and bought another one. All using the same agent. I've been very happy with his advice and service. He's definitely well paid for it but I have no complaints at all and do not think of him as a weasel.
 

Hugh Jass

Banned
May 11, 2015
306
1
16
The vast majority of agents do their best or at least try to do a good job for their clients. Its a very expensive business and the cheapest form of advertising is word of mouth. Giving good service will get that repeat business from other family members and friends of the client and its a lot cheaper and long lasting than buying bus bench advertising and less exhausting than working booths at shopping malls. The agent and her team who helped my daughter buy her condo did a magnificent job, got her a great deal and did a lot of follow up support. They are not all weasels.
 

haigum141

Active member
Aug 28, 2016
548
164
43
The person who calls someone else a weasel, is more often than not, an even bigger weasel themselves
 

johnnydepth

Average Sized Member
Nov 14, 2015
1,642
452
83
winnipeg
Being a realtor is not as lucrative as some want to believe. Like any profession; only a small percentage make really good money. Some quick stats; there are something like 13,000 real estate agents in greater Vancouver and in March of this year, there was less than 1,800 residential home sales.
Absolutely correct. A number of my acquaintances have been realtors over the years. Some gave it up because they couldn't make a go. Some scrape by year after year. Some make a killing. Getting the job is easy. Making a living at it much harder.
 

Djjmc1

Member
May 6, 2015
39
1
8
Poco
My neighbor bought the property next to me, and turned into a dumbass, because he....and his agent didn't know the location of the boundary pegs.
He figured he owned an extra twenty acres, and a very well located access road into the mountains...that I knew I owned.
I explained he in fact did not own what he thought, which he argued because he believed the Real Estate Agent....as I was just some dumb Rancher, and the Agent sold property as a professional.
He started a shop, and got as far as the roofing, when I cut the hay standing around his new building....so he had it surveyed.
I now have a brand new shop to park my John-Deere in....and he has no access to the timberlands above my place...which I never denied him before he became a dumbass.
There is nothing funnier than two self entitled idiots, that have no clue about what they're backing each other up on, inside of their own miscalculated argument.....and seeing they're faces when the pegs go into the ground, by a surveyor that they've paid....loosing access, twenty acres, and a brand new building.
It was just freaking hilarious, when two weeks before, my advice was just to leave it all alone, and everything will remain as it was.
***OMG!!!!!***** best real estate agent balls-up, I have have heard in AGES!!!
Nice work! Enjoy the new shop!!! ROFL
:clap2:
 

Djjmc1

Member
May 6, 2015
39
1
8
Poco
Being a realtor is not as lucrative as some want to believe. Like any profession; only a small percentage make really good money. Some quick stats; there are something like 13,000 real estate agents in greater Vancouver and in March of this year, there was less than 1,800 residential home sales.
This in its self proves that they are paid too much, otherwise every idiot and used car salesman wouldn't have a real estate licence.
Based on the home sales figures there should be a MAX of 1,000 agent licences in Vancouver. I hate the taxi industry setup and the milk, egg, pork cartels. But FFS this price fixing fee structure that all the BIG places - like remax et al use - are just criminal - and Canadians cant help themselves.
Real estate agent fees are the biggest con since "organics" and "GMO" lolol. (I produce organic food)
I have a good friend who also happens to be the thickest dumb friend I have ever known. No prizes for guessing that he is a realtor (and not a good one).
 

apl16

Well-known member
Jul 26, 2011
1,392
473
83
Look left. Way left.
In my experience most real estate people are like Justin Trudeau.....all hair and teeth with little substance.
I used an agent the last time I bought a home due to a lack of personal time. I was very clear about my specific needs and let him know that it could take a while.
He was quite acquainted with the market and an intelligent person. At times he set up viewings sometimes that made no sense for me and I had to chastise him for wasting my time.
In the end, I should not have bothered with him

On a side note, I attended many open houses on my own and was shocked at how uninformed most of the agents were. I spent more time informing them about the homes they were selling than anything else

Many of them would say nearly anything to get you interested. No interest in informing me about the property.

A sad lot in general!
 

appleomac

Active member
Aug 9, 2010
703
188
43
This in its self proves that they are paid too much, otherwise every idiot and used car salesman wouldn't have a real estate licence.
Based on the home sales figures there should be a MAX of 1,000 agent licences in Vancouver. I hate the taxi industry setup and the milk, egg, pork cartels. But FFS this price fixing fee structure that all the BIG places - like remax et al use - are just criminal - and Canadians cant help themselves.
Real estate agent fees are the biggest con since "organics" and "GMO" lolol. (I produce organic food)
I have a good friend who also happens to be the thickest dumb friend I have ever known. No prizes for guessing that he is a realtor (and not a good one).
Real state agents commissions are negotiable. Therefore less agents increase their ability to collude. More agents increase competition amongst them and increases a sellers ability to negotiate commissions down. As someone already mentioned, the sheer number of agents merely indicate how easy it is to become an agent.
 

87112

Banned
Dec 13, 2004
3,689
672
113
*&^%
If the average commission is 30k to 50k, you only have to sell 3 to 5 places to survive a year. Is it that hard to do once you start the ball rolling and get a reference or two?
 

appleomac

Active member
Aug 9, 2010
703
188
43
If the average commission is 30k to 50k, you only have to sell 3 to 5 places to survive a year. Is it that hard to do once you start the ball rolling and get a reference or two?
Even at standard commission, a $900,0000 sale will generate less than $30,000 commission. And if the listing agent didn't bring in the buyer, the listing agent has to split the commission with the buyer's agent.
 

jgg

In the air again.
Apr 14, 2015
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Even at standard commission, a $900,0000 sale will generate less than $30,000 commission. And if the listing agent didn't bring in the buyer, the listing agent has to split the commission with the buyer's agent.
...and the expenses need to come out as well as the brokerage fee.
 

jgg

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PerazziDave

Member
Mar 18, 2004
146
2
18
64
Home of Bellis Fair Mall
My neighbor bought the property next to me, and turned into a dumbass, because he....and his agent didn't know the location of the boundary pegs.
He figured he owned an extra twenty acres, and a very well located access road into the mountains...that I knew I owned.
I explained he in fact did not own what he thought, which he argued because he believed the Real Estate Agent....as I was just some dumb Rancher, and the Agent sold property as a professional.
He started a shop, and got as far as the roofing, when I cut the hay standing around his new building....so he had it surveyed.
I now have a brand new shop to park my John-Deere in....and he has no access to the timberlands above my place...which I never denied him before he became a dumbass.
There is nothing funnier than two self entitled idiots, that have no clue about what they're backing each other up on, inside of their own miscalculated argument.....and seeing they're faces when the pegs go into the ground, by a surveyor that they've paid....loosing access, twenty acres, and a brand new building.
It was just freaking hilarious, when two weeks before, my advice was just to leave it all alone, and everything will remain as it was.
Just wondering Sybian, did you wait till the building was dried in with doors, windows and sided? Or was this a pole building with with just a roof and no slab or doors or siding? I can't imagine somebody being so dumb as to trust the word of a "land pimp" who doesn't know much except how much his commission check is going to be for doing this deal.

PD
 

jgg

In the air again.
Apr 14, 2015
2,819
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...On a side note, I attended many open houses on my own and was shocked at how uninformed most of the agents were. I spent more time informing them about the homes they were selling than anything else

Many of them would say nearly anything to get you interested. No interest in informing me about the property.

A sad lot in general!
Many agents can't/won't do a search on the zoning in the area. Just because the property they have listed is currently used in some fashion does not mean it is zoned for that particular use. Adjacent and the general area may be zoned different. Residential may be backing onto future industrial.
 

Hugh Jass

Banned
May 11, 2015
306
1
16
On a side note, I attended many open houses on my own and was shocked at how uninformed most of the agents were. I spent more time informing them about the homes they were selling than anything else

Many of them would say nearly anything to get you interested. No interest in informing me about the property.

A sad lot in general!
Frequently the agent at an open house is not the listing agent. Its a newbie who is basically there not to sell the house but to pick up contacts for himself. Consequently they often know fuck all about the house itself.
 

sybian

Well-known member
Dec 23, 2014
3,620
966
113
Kamloops B.C.
Just wondering Sybian, did you wait till the building was dried in with doors, windows and sided? Or was this a pole building with with just a roof and no slab or doors or siding? I can't imagine somebody being so dumb as to trust the word of a "land pimp" who doesn't know much except how much his commission check is going to be for doing this deal.

PD
It was sheeted with no siding yet, on 2x6 studs....but he had made some pretty nice sliding T+G doors on tracks.
The strange part was...even though we have no real building codes on ALR land, he went as far as pouring some shallow concrete footings and walls....when I informed him he wasn't building on his property.To put it in context....it is miles away, and if the year is a wet one, I might cut the hay once, if it is worth my time.
So I never go there.....until of course I noticed the nice new stud walls being stood up.
He just thought the info his realestate agent was correct....and kept driving nails in stubbornness, and thought he was going to just " show me " who was more intelligent, and that he was right.
We have something in this territory called "Drift Fencing"... When it may be difficult to fence an area due to ground conditions or terrain, or nobody really cares, the fence is put up to keep animals onto a certain area, but don't follow property lines....which is the case on either side of my place.
The original place back in the 30's was subdivided into smaller places on either side of me, leaving the original 1400 acres in the centre ...which is mine now. The smaller lots went to sons and daughters of the original family......so nobody cared if the fences where accurate, they were just approximate.....80 years later the new owners move from the cities and think a crooked rusted fence, must be an accurate property line ......this attitude has happened over the past decade on either side of me.
With 1400 acres, and rangeland, I don't need more, so I ignore it...until someone claims I'm trespassing on my own land, or constructs a building on it ....and turns into an asshole.
To tell you the truth, if he hadn't turned into a dumbass.....I would have left things be....or perhaps if it had been constructed different, I may have just pulled the building onto his property.
Nothing pisses me off more than a newbie, coming into the neighbourhood , and claiming I'm trespassing on my own land.
 
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