Will it be bread and water for the Real-Estate biz...?

Question

Man, did someone hear something...a popping sound...

"I see bubbles...BURSTING"
'skiff-off' of 6th cents

; 0

Answer 1

Real Estate is a business in many diferent ways, but for most agents in the business we are first and foremost affected by the number of sales and the time it takes for properties to sell.

The sale price of a property has some impact, obviouisly, but as long as there are sales, the better agents in any area will make a living.

Our industry is very much a 80 - 20 industry, where 80 % of the money is made by the top 20 % of the agents out there.

When real estate stops selling this affects many more people than just agents, to name a few others affected
Lawyers, inspectors, banks, mortgage brokers, builders, contractors, surveyors, movers, logging industry, roofing companies, appliance sale, sign companies, insurance companies, interior decorators, home improvement businesses, etc etc etc. including things like car dealers, holiday and vacation agents.

Real Estate is one of those industries that has an incredible impact on the economy, so when it booms, it is great for more than a few people, but when it busts it really hurst almost all levels of the economy.

I know that many people feel that realtors are over paid, and when homes sell, it seems that way, but I would urge you to consider the alternative, for property not to sell may impact and affect even your own income and livelyhood.

Walk a mile in our shoes, as we have adjust to anything that happens in the economy and assist many people through a transition in their live, and allow them to move to this new stage, affordably smoothly and within a time line set out by the situation. We are not perfect, but we do our best, to assist our clients to the best of our ability.

Considering the number of transactions and the value of the real estate we deal with and the emotional impact the buying and selling of real estate has on all parties involved, it is surprsing rare for anything to go wrong to the point of requiring legal action.

We are in the service industry, and hope to allow our clients to get to their next stage in life in a way and manner that allows them to get there, and yes we do get paid well if that works out well and satisfactory to all parties involved.

We do however, do not get paid if nobody buys or sells, and our expenses are more or less the same either way, so yes to some degree the people that actually pay us, in the end pay for those that did not end up buying or selling

For as long as our industry stays a "commision" based industry, this in-equity will continue. Ther are many different compensation models out there, however to date the industry keep returning and maintaining the traditional model of commission only as the norm, right fully or wrongfully.

In Europe, at leastin Holland, a seller pays a fixed amount as a retainer to his agent for marketing and overhead, as well as a fee for when a property sells, the buyer hires an agent and pays a fixed fee, as a retainer as well as a success fee at the time of the purchase completing, that seems to be the norm there, and seems fair, however I have been in this business for 25 some years, and I have not seen anybody working very hard to change the model in place, but who know, and time will tell.

Answer 2

depends where you are. here in the dallas area we are doing and will continue to do just fine as we are between the bubbles and catching all the investors. anyone that says realtors get too much comission, obviously don't know very much about what we do

Answer 3

I hope so.....Real Estate agents are 80% annoying, especially the middle-aged biddys. They get way too much commission for what they do.

Answer 4

Yep or beans and rice for some. this is why

http://www.breakingbubble.com/index.htm