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.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.
***OMG!!!!!***** best real estate agent balls-up, I have have heard in AGES!!!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.
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.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.
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.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).
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.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?
...and the expenses need to come out as well as the brokerage fee.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.
There is no cartel....milk, egg, pork cartels...
I agree on the organic con, but if someone is willing to pay for it, good on you. (I produce food)...biggest con since "organics" and "GMO" lolol. (I produce organic food)...
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.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.
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....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.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!
It was sheeted with no siding yet, on 2x6 studs....but he had made some pretty nice sliding T+G doors on tracks.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





