I laugh when real estate agents say that "commissions are always negotiable." I tried to sell my home at 1% commission. The real estate agent steered potential buyers away from my house because the commission was too low. The realest agent flat out told me that. But when I offered a 3% commission, suddenly I was inundated with home buyers. So the "commission is always negotiable" spiel is just crap.
The commission IS and remains negotiable. Nobody will work on selling your property for peanuts though. They will sell their client a different house that pays more. So negotiate a better deal with your agent.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Hello Dave, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
They all know they are about to get paid Thank God alone I got my house in 2019 the interest rate and the price for my new home is now unattainable for most if I bought the same, I wouldn’t qualify even with perfect credit.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
First, for determining the best offer to make or the best price to list a property, as you likely have no clue of what would be competing, and of how to make adjustments for differences in lot size, upgrades with cabinetry, flooring, landscaping, lot premiums, and so forth, and of factoring in appreciation. Then, lets say you didn't submit an SRPD form, you would be in violation of Nevada Law. You likely wouldn't be able to negotiate your contract as well as somebody who has done that for 33 years and taught hundreds of agents on that, nor have you taken 450 hours of continuing education with respect to real estate law. With multiple offers, you likely couldn't successfully negotiate that, or manage that well if you were a seller, without having some experience and a great understanding of the market and of how to speak to buyer's agents. You literally don't know what you don't know.
@@randylazer2894naw will get AI to do that soon, unless you have a significant network then as a realtor the internet is going to replace you specifically language models like ChatGPT.
The entire realtor "system" is a financial scam to people wanting to buy and sell homes. We have sold 2 properties (1 was a home on 2 acres, one was a 5-acre plot) without the use of realtors -- we used attorneys to do the document preps and settlements. In one case, we even held the note on a 5-acre parcel of perc'd land. We did the advertising and in both cases, our properties sold within a month simply by putting signage on the properties! People need to work with a real estate attorney rather than pay all of these extortion fees in the realtor-based system.
They don't realize how unnecessary their position is especially in the advent of zillow, redfin, and all the other sites. Consumers can find and vette their own properties.
Easier than it sounds. I thought the same thing, but there are so many little things a good realtor knows that we do not, and one mistake can end up costing tens of thousands.
@@shiner8375 Wrong. The average real estate agent's earnings in Las Vegas were $46,000 per year. In fact, I don't merely listen to these people, I have had a career in real estate for 33 years, am in the top 1/2 of 1% of my profession, have taught real estate law, marketing, contract negotiation, and other topics to hundreds of agents, have mentored many dozens of agents, and have about 450 hours of continuing education in real estate law, along with an MA in International Economics with a specialization in International finance. These people simply spoke the truth of a ridiculous and wrongful litigation and settlement, and of the practices that are likely to ensue to help buyers afford the closing costs of purchasing a home. Lastly, if you ever would walk into a real estate office, you would see that unfortunately many are not in the greatest of physical condition, and there are huge variances of the physical characteristics you noted
That quite often occurs, as commissions always have been negotiable. In recent years as a buyer's agent I have been paid from 2%-4%, often 2.5% with the listing agent receiving 2.5 or even 2%.
Really Mr. Economist? BTW, between you and me, you aren't the economist, and I am, but that aside. The average earnings of a real estate agent in Las Vegas are $46,000 per year. I have seen various statistics, but the average commission for a listing agent is typically in the vicinity of 2.75% So what you are saying, genius, is that an average agent, making $46,000 should have a pay cut of 27%, so they really can't afford to take care of their families despite that many work 60 hours per week. Tell me, should you take a pay cut of 27%?
@@randylazer2894 As an economist, you should know that median earnings in the field of real-estate are a bad measurement of the profession. Seeing as a majority of those agents work part-time. The spread on real-estate earnings is MASSIVE, with virtually half of all real-estate agents have 1 sale every 12 months. Also, avoid using insults and gaslighting in your analysis and replies; it's extremely unprofessional.
As an economist, I can credibly state that what you had written was completely wrong, per your words "median earnings in the field of real estate are a bad measurement of the profession". That was ludicrous, as economists have given great emphasis of the evaluation of economic policies upon median household incomes, and real household incomes (which include inflation). Median income of a profession is important for people to evaluate their career options and the time and educational and licensing costs that are required. Do you think people would study for an additional 3 years and do a residency working 24 hour shifts if the median income of a doctor was that of a 5th grade teacher, or of plumber? Do you think people would spend extra years of study for law school, and go through a lot of intensive educational hell if the median income for an attorney was that of a food server? Then what you had written which really was noting that the top 20% of real estate and many sales professions will often realize about 70-80% of the income, well, that isn't special with real estate. That goes for insurance, auto sales, golf equipment, food and beverage sales. The Capitalist system has been the most successful economic system in the known history of this world, as the US became the leading nation in the world about 114 years after its founding, despite other countries had been around for millennia. Go take econ 101 and learn not to make proclamations that are of ignorance and falsity. Speak of what you know, and not of what you don't.
@@randylazer2894 You should spend more time on manners and less time on your 'economic profession'. Who would want to continue speaking to someone like yourself with such an attitude? Good day :)
Tell me what bias they have, when explaining that a settlement would have the buyer paying for the buyer's broker's commission, instead of the seller? Tell me what bias they have when they noted of being able to negotiate having the seller pay those closing costs, as what happened previously to help home buyers afford homes with interest rates that are nearly triple of what they were in January, 2021? There isn't bias from the realtors sharing their insights of the impact of the settlement and of how to help home buyers afford homes.
In my area, realtors make many hundreds of thousands of dollars on a single transaction and they always think it’s not enough because they work SO HARD on a deal.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia” because I adore her methods. You can make research and find out more.
I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
For one, if you are a buyer they have connections. They may be able to help you obtain a home through some creative negotiation. From a selling point of view, it's nice to have someone looking out for your best interest and relieve you of the back and forth negotiation / paperwork. If these things are of no value to you then you can definitely go through the process alone.
@Bill_XYZ that's why realtors won't give is access to the MLS.. because we can literally buy and sell without any agents. My last home purchase he gave me access to MLS I found everything and he collected stupid money. Can't wait to get refunded in this class action
You don't need a real estate agent, you don't need a real estate attorney. All of the contracts are standard and you can download them all from several places online. All you need is the title company. That's it.
I got scammed by a local Vegas agent and my wife and I are filing bankruptcy 4 years later after a local agent who was touted as an "out of state relocation expert" sold us a house that needed 100's of thousands of dollars in repairs. We were buying from out of state and were prevented from doing a walk though due to " Las Vegas covid rules" it was 2020. Among other things we had no hot water for 4 months and had to re pipe the entire house. Oh yeah and new electrical. Oh yeah and even thought the inspector stated" best roof ive seen in a long time" which we have on a video inspection. Yeah roof is bad. Heating system. Broken. Had to be replaced. House cost 820,000. Worth about 4. Complete money pit. Doors kick off hinges. We were given no keys. Had to change all the locks immediately. Crazy. Agent stopped taking our calls after the sale. Lawyers told us we had an air tight case for a huge law suit however we needed 100 grand as a retainer and it would take up to 5 years. I'm a disabled Vet and this is what our country has become. Real estate agents are the scum of the Earth. There is no safe guards or help for buyers when they get screwed. Sad.
If you didn’t see the house, you shouldn’t have bought it. You could have backed out of the contract because you didn’t get a walkthrough. Sounds like you didn’t understand your contract or contingencies. They can’t “prevent” you unless you agreed to not see it. It also sounded like you bought “as is” during the housing boom in 2020. Thinking you got a deal because of low interest rates. A lot of people made awful purchases at that time.
So with the average real estate agent earning $46,000 per year in Las Vegas, would you desire they be paid the hourly wages of an attorney, which often is in the vicinity of $500 per hour? You see for $46,000, many are working 60 hours per week, and that hourly wage isn't much for the vast bulk of a profession where often the top 20%, make 80% of the income for the entire profession.
@@cer2299 OK. I have 500 employees sittin doing nothing. I'm paying them salaries because none of them are independent contractors. You need to go to bed. School day tomorrow, son.
Agreed.. majority of them are a waste.. negotiate your own stuff and force them to give you more incentives then, get a broker that does the financing and you are good to go
6 real estate agents and obviously their opinions are not going to be skewed. If things were so rosy looking for them they wouldn’t be sitting up there reassuring themselves. Looks like a Alcoholics Anonymous meeting.
Why would their opinions be skewed? You lack an understanding of this settlement, for which there never should have been a ruling against NAR, as commissions have always been negotiable. Typically the seller has paid the buyer's commission, so home buyer's don't have to pay that out of pocket, which on a $450,000 home would be an additional $11,250 at 2.5% commission for the buyer's agent. So there isn't anything skewed about stating facts, that the sellers can contribute to the buyer's closing costs, just as they always have for decades, and that can include paying the buyer's broker's commission. This doesn't look like any AA meeting that I have witnessed in support of a dear friend, as I went to many with her. Why do you seek to demean very hard working people, who gave their time to share.
1:36 Notice how all are sitting the same way I would NOT believe a word they say evil in plain sight - there just saying a bunch of words to confuse a first time buyer literally they need to be asking them how much was each of your Botox jobs 🤨🧐🧐🧐
First, your grammar is very poor, missing commas, periods, confusing "there" with they're. Then what you did was make hateful accusations against people whom you have never met. Please explain to me what anybody said that would constitute being "evil in plain sight"? I know some of these people, and they are very good and hard working, and dedicated to helping those in the profession succeed. Next, I seriously doubt, any of these 5 guys or the young appearing female have had Botox. Nor do I know what Botox would have to do with the settlement of a lawsuit with NAR. To "splain to you" what has transpired....if one purchases a home, often closing costs for the loan, escrow, and title insurance are in the vicinity of 3%. Commission has always been negotiable, and that hasn't changed, for which there is the commission for the listing broker, and the buyer's broker. However, there was a ridiculous lawsuit that a jury or renters ruled against the NAR, claiming that commissions weren't negotiable when they always have been with respect to the seller paying the buyer's closing costs. So if a buyer is purchasing a home at a sales price of $450,000, their closing costs would likely be about $13,500. If a buyer has an FHA loan, their down payment is 3.5% of the sales price, which is another $15,750. So a buyer would need to come up with over $29,000 paying their own closing costs and the down payment to purchase a $450,000 home, while the seller has paid the commission for whatever was negotiated, often totaling 5% in current times, which would include a buyer's brokerage commission of say 2.5%, or in this case $11,250. This stupid settlement may now have some buyers paying the buyer's broker commission on top of their closing costs and downpayment, so home buyers would have to come in with an additional $11,250 for a $450,000 purchase, meaning they would need instead of $29,000, over $40,000 to purchase a home. What sellers and realtors can do is have a seller's contribution for closing costs, just as has been done for many loans for many decades. Take a lesson, don't ever accuse hard working people who are supporting their families and giving their time to teach others in their industry to be successful, as being evil. That was shameful. I have been a real estate agent for 33 years. Do you think I am evil? If you go for that, you know I will cite so much of my life and charitable endeavors that would prove such an assertion to be wholly false.
Oh ... and the "standard 6% commission" isn't a thing. You try charging 6% on a multi-million-dollar deal. The clients will laugh you out of the room and do the deal without you.
if you do that, the seller's agent can not work with you. A seller's agent can show you a property and that's about it. He or she will not help you in any other way. The agent will just ask you if you have your own agent and if not the seller's agent will find you an agent. It is usually someone they work with in the same office
Dual agency is not allowed in many states. Instead, they will sub you out to their own broker agent and then take the seller and buyers money. So corrupt. All claim to have referral system and encourage you to use. Then they take a percentage of the buyers agent money by selling you to that agent. Corrupt Corrupt corrupt
@@Bill_XYZthat’s total BS the buyers agent is incentivized to get you to pay more. They want you to pay as high as possible to win the house. You can absolutely call the listing agent and make your offer
@@bean6528 unfortunately, dual agency IS legal in Nevada. I wish they would change that. And I wonder, will a listing agent want to go show a house every time someone calls? It can be a 5 min drive or a 45 min drive. I'm not sure you will find many listing agents willing to do that?? maybe I'm wrong. Personally I say a seller list the home themselves in most cases. Offer a credit (that could reasonably cover a buyer's agent and/or other fees) so that buyer's agent can shoulder the responsibility of ensuring laws are followed, contracts are correct, inspections are done etc.... a little CYA.
My feeling on this is...some sellers want/need agents, some buyers want/need agents...I on the other hand built my homes and did the work to make that happen. I will not allow agents to swoop in and claim an unreasonable portion of my hard earned equity....I had the risks, I did the work, I provided the cash along with everything else....be reasonable and we might have a deal...tell me 4-6%...NO DEAL!!!
Ultimately Buyers pay for all the fees. $18k on a typical house in Vegas to have someone take pics and put it on a few websites, then to have someone else tour the house with you for an hour and make a phone call on your behalf, then a 3rd person fills out forms and files them, is ridiculous. Maybe it's time for a flat rate pricing, budget to full service options for each side.
Commission is a bad incentive to drive up housing prices. Imagine if COPS got paid commission on how hefty the charges were for the person they were arresting. Cop would be CREATING evidence and duping the courts to get more compensation.
Morning heart breaking for my family 30 to 49 years old they can't buy a condo because the prices are totally crazy and many realtors are only looking for they big money on this sale, its just not fair to these young people first time buyers starting a family here in vegas i guess the buyer even with great credit cant afford a small home, what happened to our vegas valley it used to feel wonderful to live here,, this changed the young ones lifes on rental and buying its way to sad here
I synpathise with anybody in that situation but please keep in mind that prices will not go down if there were no Realtors involved. The home owner will always get the highest amount possible for their property no matter what. The problem today is a combination of low Inventory, Higher interest rates and a failing economy.
Whenever they lump a fee together they are always up to no good. So they can turn around a say "that's just the market price." without know why it's so high specially. They are scamming you.
Hmm 🤔 you think it's that easy. 😅 try paying for gas sitting at your open house sometimes months providing food for your possible possible buyers, sitting there all day from 4 to 6 hours a day every weekend hoping to find you a buyer with no pay no guarantee. Making sure all the docs are right and in order so all the loan will go through smoothly talking to the title companies, appraisers, notaries, insurance agents bank reps etc. Working with the buyers making sure they qualify. Making sure there are no clouds in the title. Also brokers have lawyers to protect you. There is a lot involved. Plus we pay over 7 thousand a year just on office fees and for our license alone to be educated on contracts and laws to better help you. Please before you make false judgement on realtors do your research first.
Should've had some buyers and sellers in your panel or economists or financiers not just biased real estate agents trying to protect their corrupt turf
@@Overflowwith yes I did my check should of ben 12k I was out of state and it was back foward signing sheets they mailed me my check.. with a sorry.. this was over 30 years ago
FOR SALE BY OWNER!! This is what people should always use!! If the buyer uses an agent to approach you, telll them you will give only 1%. I sold my father’s house this way…and the buyer didn’t use any Realtor!! I GOT REAL LUCKY!!
6% of 500,000 to draft up a prefilled document that took them 45% to change the prefilled names on? Yea no. I’m glad the court changed this and their gravy train is over. At most, this is a 2-3k job for this task.
Homes already high now they want to charge you buy the hour for consultation and to buy your home. It seems better if the realtor just get their commission. It’s putting more money in the pockets of these types of agents. These people don’t like the fact so many people can get their licenses be cause they went to college and other just studied for the test and didn’t pay tuition. Strait monopolization from the.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
I hope to own a home one day. not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I appreciate your comment. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.
Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
FOR THEM TO SAY THE PRICES WILL GO DOWN BECAUSE COMMISSIONS ARE BEING “CHANGED” IS IRRESPONSIBLE….. TAXES HOA FEES INSURANCE INTEREST RATES ETC WILL KEEP GOING UP LET’S NOT BELIEVE THE STUFF THEY TRY TO TELL US TO BELIEVE WE SHOULD KNOW BETTER BY NOW I’VE BEEN IN THIS INDUSTRY 20 YEARS AND AGREE CHANGES ARE NEEDED… WE NEED TO BE CAREFUL WHAT WE WISH FOR BECAUSE JUST WHEN YOU THINK YOU MIGHT BE SAVED- A LARGER PREDATOR BEGINS KNOCKING ON THE DOOR
Negotiable when the real estate says the homeowner already picked an offer but if you have 20 gs in cash, he can help you change the mind of the home owner to choose you
Realtors still don't get that they are not needed. All will happen with online forms. Every Realtor still believe buyers would use them or they can continue to get the seller to pay out of their equity. But too easy with technology available today.
When anyone says “years of experience” I immediately sense a red flag. People that have merit never use that saying because their work ethic and results show they are capable.
I bought and sold six houses in the area where I lived, and every agent that I used told me that their broker would not allow them to negotiate commissions,
Who wants to work for less. Would you want your company to tell you they want you to work for half. F off- now I have real clients to help. Many hundreds of them.
As a real estate agent, it depends on the price of the home and the amount of work that the deal will entail BUT I've always thought how unfair it was to see other agents selling million dollar homes making more than me selling a 350k home. It's the same work.. sometimes more for the lower end properties.. so I hope this humbles those agents who were making wayyy too much money. They don't deserve it.
First with your screen name of "confused and spacey", that would indicate you have no semblance of understanding of what you are talking about. You are wrong that the "same work" is involved with a million dollar sale as opposed to $350,000. First, the real estate agent may spend tens of thousands of dollars on marketing to obtain the not so easy to procure million dollar client, and will do so for years. I sold a $5.4 million home in 2022, and I had worked with my client for 20 years, first selling him a home and an investment building lot way back in 2002. At that time I had been in real estate for 11 years, and procured that client through tens and tens of thousands of dollars of advertising, and also from my tremendous background of specializing in investment properties, which in part came from having an MA in International Economics, and serving as an economist and financial analyst, so I could provide incredible assessments of real properties with respect to market valuation, and factoring in appreciation and other likely economic trends. Between you and me, you probably couldn't rattle off land values in subdivisions throughout Las Vegas, or to assess of what adjustments to make when comparing homes based upon upgrades for flooring, countertops, lot size, and other variables. So I gave 31 years of work, with an incredible academic background before I sold this home for $5.4 million, in which one email I wrote saved my client $100,000, as I discussed inflation rates and the likelihood of interest rates increasing and reducing the supply of likely buyers. I have many clients whom they became financially very well off from the investments they made with me, for which my economic evaluation of properties under consideration is not what you do with a $350,000 property. In fact you wouldn't likely know the price of a slab of Quartzite or porcelain, and I guarantee you wouldn't have spent 200 hours renovating via the design of a property involving new cabinetry, new flooring, window coverings, light fixtures, faucets, appliances, paint on the interior and exterior, landscape, pool, and every other detail...that I am listing likely on Monday for $3.5 million. People who sell larger homes do typically receive the same commission percentage, but they are doing something you are not, which involves having the knowledge, for which successful people often recognize those who do and those who don't, and of target marketing to those potential clients. If you desire to work with higher priced homes, then up your game, and put together some great marketing programs, and go be successful, instead of writing BS about what you haven't done yet, and saying its the same. No it isn't, it often takes many years for a realtor to have several high dollar clients, and they had to do the work and use their creativity. I wish you the best, and take a life lesson, don't disparage your profession, but seek to better yourself.
I challenge the statement made that real estate commissions have always been negotiable. That is absolutely not true. I just asked my realtor today. My realtor stated that her broker does not allow for lower than a combined 6% commission, so it is the broker’s decision. Realtors have little choice in some cases.
I love how they always say at some point during the interview. Well, real estate. Commissions have always been negotiable. Yeah, but out of all the commissions done every year? How many are negotiated? Less than 15%...
Sadly, we negotiated too quickly and I personally don't feel one of our agent team is truly working for us. We never hear from her unless it's the fluffy marketing stats. Too many things have gone wrong and issues from the buyer - we are paying their agent fees. Perhaps if they had to foot that cost, they would be more cooperative.
The buyers agents are going to get squeezed out. This industry needs a shakeout anyway. Lots of unqualified people in the industry. Pay your own agent. 5% is the standard in central Florida. The percentage is not negotiable. The seller's agent has always dictated it. No seller is going to pony up $20k for closing costs. No one will pay an agent by the hour. They simply are not that talented and buyers need that money for closing costs
I paid 6% commission to an agent who supposedly be my sellers agent but 3 months passed no buyer and she said she just a “listing” agent. OMG! I never hired an agent for less than 6% commission, but it’s hard to have a good agent. They all interested for themself.
There is no need for a buyers agent unless you live in another state or country. In Australia, sellers just pay a selling agency a roughly 2% commission and that’s it. Buyer’s shop for a house themselves.
People better be able to side step this scam by buying with cash directly from the owner and never have to look at these people! This is definitely a west coast scam gone legal👎🏾
What a crock. Buyers have ALWAYS PAID BOTH Agent Commissions and worse they usually bake the commission into the mortgage so they pay interest on top of the commission The real challenge for Buyers is the out-of-pocket costs, but I'm confident the lending industry will be more then happy to offer a companion loan (different terms and rates) to cover fees like agents, closing costs, etc). We need a model where the buyers and sellers pay a fee based on services selected or hourly. This would decrease the overall home sales price and put the RE industry in alignment with other service industry compensations. I see no justification for any agent to be compensated double the amount for the same services ($300k vs $600k home sale).
From experience as a seller, it's not right that we're stuck with the entire commission on both sides. That's wrong. I use this as a negotiation tool. The buyer wants my property. They won't walk away because they're forced to pay their agent's commission. That's the way it should be. I'm not sure how it was that the seller got stuck with this. No wonder high prices on homes are listed like they are. If a seller knows they have to pay this, the price tag goes up. Like I said, it's a negotiating tool and the buyer won't walk away from their dream home with other buyers on a wait list over paying a commission to their agent.
Seller should not have to pay for the buyers agent. If you can’t pay for the buyer’s agent assistant, you should not buy a home to begin with. There is technology, real estate agents are not necessarily any more. My last seller agent got my almost $100k commission in less than 23 hours. There was no negotiation. Even one penny less. Enough is enough. Stop ripping people off.
The world are changing and the Realtors are in crisis because they don't want to change. Americans have been paying some of highest real estate commission in the world, but not anymore. They keep tray to finding new ways to maintain high fees but sooner or later the game is going to change, 6% is too much. They have to adapt to new times and specially for the AI in the near future, if not, their clients need to discover case by case how much is your real estate agent worth to you, and we start from there.
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You demonstrated profound ignorance and missed the point. The realtors were sharing that the buyer could now be burdened with paying an additional $11,250 for a buyer's brokerage commission on a $450,000 house at 2.5%, instead of the seller paying that. The realtors were pointing out that the seller will be able to make a contribution to the buyer's closing costs to offset that commission, or effectively pay that. The realtors were actually pointing out that this settlement could damage home buyers, for which if they don't have an additional $10,000 or more for most home purchases, on top of a 3.5% down payment, which on $450,000 would be about $15,750, and then there are closing costs for the loan, escrow, and title insurance often in the vicinity of 3%, or another $13,500 The other point you were clueless of, is that commissions have always been negotiable, and sellers have always been able to contribute to the buyer's closing costs. So I didn't see crybabies, what I saw were realtors doing their best to reassure the public that this settlement won't cost them five figures out of pocket on their home purchase.
These are not your average real estate agents. Look at them. How they sit, how they all agree perfectly. These are the elites coming together. But you keep on listening to them all you want while calling others ignorant.
@@shiversneak ....No, I am somebody who cited facts that proved you to have no semblance of understanding of the topic of this video and that real estate agents were seeking to prevent buyers from having to pay an additional $10,000 or more in closing costs in many cases. Why don't you back up your words and take my exact writing and cite what constituted to be a "crybaby". You can't do that, as I gave you an analytic response that cited facts that you were completely ignorant of. What you chose to do, was to demean others who many like myself have dedicated our great efforts and caring to the well being of our clients, and from those efforts gave them financial security in many cases and found the homes that they built their families and created wonderful life memories. Citing facts doesn't constitute being a crybaby, for which you truly project that aspect of yourself. You see a video of real estate agents, and you don't like that, so lets call them crybabies. Now, go get your milk and cookies, sunshine, and I hope you feel better.
Real estate agents have way too much power over sellers and buyers. Imagine if you are a seller and want to pay a low commission. A real estate agent may not show your house ever to anyone. Now imagine if you are a buyer, if real estate agent does not like you , he or she may simply ignore your offer and not present it to a seller , especially if you are a cash buyer. Yes, they are not supposed to break the law, but how can you prove that they do not break the law. Come on! Be smart and sell your house yourself.
I’m a realtor. I charge $2,500 non-refundable upon listing a property and $2,500 on the sale of that property. If I don’t sell the home and someone else does, I don’t charge the second $2,500. Buyer doesn’t need an agent. They can work with an attorney with contract, title search, closing etc… or directly with me! Buyers no longer need a realtor!!! Sellers win and buyers win! Realtors are doing their best to make this transition difficult and scare to buyers!!! Shame on old outdated realtors!!!
Real estate agents are the highest priced professions for the amount of time they put into their job. 3% for less than 30 minutes of taking pictures and loading it up into a national database, that is DISGUSTING!!!
Hello, we just sold our home and it was a terrible experience. The real estate agen was working for himself and the buyers held all the cards. We learned so much about what we should not do. We felt used. Thank goodness we have purchased a home with the proceeds and used a reputable real estate company. we move very soon with the previous rules.
😮😮 The listing agent has a duty to work in the seller's best interest. They shouldn't be representing the buyer in negotiating price, repairs, concessions, etc. Honestly, a seller can more easily represent themselves and a buyer SHOULD use an agent (especially first time homebuyers). With Zillow and other platforms, sellers can EASILY sell on their own. Of the two agents, listing agent definitely does the least amount of work.
The listing agent gets paid by the Homeowner. Whose interest do you think Is going to be top priority? Certainly not the buyer. Would you go into court against a lawyer without one of your own
No one needs an agent at all. Just know you could get sued or even jailed for doing the transaction wrong. Or get screwed because no one is looking out for your interests.
Please are NVIDIA and Bitcoin a safe buy to outperform the market this year? I'm tired of these new buys every week, just to make up some assets with low percentage on my $260k portfolio and try to keep everything around 20%.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $610k portfolio surged, yielding an annualized gain of 28%.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
I’m a Realtor. There is plenty of room for buyers and sellers to save money. Ethical Realtors will always be here doing an excellent job marketing the homes and selling.
I think this law will weed out the unethical realtors honestly, and that is good for the ethical ones who put in an honest amount of work to get their clients the best deal.
You are shady, as a realtor you should not be trying to push the idea that buyers agents are not necessary and that listing agents can represent both sides just fine.
I run a successful FSBO company in another state. Honestly most deals I've seen fall apart not due to financing was due to one of three factors: Meddling real estate agent trying to steer their client away, meddling parents (dad looks under the sink and declares the house has problems), and incompetent (honey do list) inspectors. Personally I think that the buyers who think they want an agent will simply finance a partial commission into the mortgage payment if they cannot pay their agent cash. We've seen this happen for quite a while already when a FSBO seller doesn't want to pay they agent but they buyer wants the house. I think this is all a good thing. Time to weed out all those small time, part time agents that clutter up the market. People gonna need to find a different side hustle. It'll all settle down in a year or two while the market dictates what it wants.
Great agents are great problem solvers. A big part of that is mitigating emotions. That's really a big part of what they get paid to do. I was an agent for over 20 years.
At the minimum 25% above listing price, realize the avarice how the home industry devoid unassuming buyers of reasonable pricing. Then that 6% commission is parted between themselves. Wouldn't disregard the exploit the agents, builders, and lenders are colluding … plus disproportionate district property assessments that exacerbate hardship to Las Vegas homeownership.
For those of you who want to save money, find your own buyer for your house for sale and open escrow, when you both agree the escrow lady will type up a contract, this will save you some money, the hard part is finding a qualified buyer to buy your home..
Looks like you’re headed for court if you write a sales contract like you write your comment-a lawsuit waiting to happen. You’ll be paying attorneys more than the savings you save from not using realtors.
Generally speaking realtors add zero value in terms of home buying. One of the least important “professions” to date. Lump car salespeople in that bunch.
I received two notifications in the mail to go to the website to make my claim and I cannot. There is nothing. It's a runaround, last I looked. I wasn't able to negotiate an interest rate. But I was an agent years ago and I worked for a big blue and white logo and the agents would never show their clients any listings that were under 6%. I know of an office near me that won't show other listings aside from their own logo. They will at last resort, but never initially. I'll notice how sellers sit on homes and once they switch logos, their homes sell. General rule with exceptions.
Sell your own home!!!! Buy from for sale by owner! It's SO easy! Go get your real estate license... Take the class before you buy a house. You have the knowledge and understanding and it's only a few hundred dollars and it's cheaper than hiring an agent! Same with sellers.. if you're not familiar with the industry...and the process. Go to a title company or lawyer and just ask HOW to sell your home. Use them to sell your home and you'll save thousands!!!!! It's SO easy!
There’s bad Realtors and tons of good ones. Don’t judge Realtors by 1 bad agent. You are the consumer, do your due diligence and hire someone with credibility and of course someone you can trust.
Don’t worry you won’t be able to sell anything soon.
How does that help you?
Ok. LOL
According to the WEF, you will own nothing and be happy. 😂
@@carolynw3602 I actually own many things and am quite happy ! 💰
Should we just sit around and pick at our hemorrhoids until the cows come home?
I laugh when real estate agents say that "commissions are always negotiable." I tried to sell my home at 1% commission. The real estate agent steered potential buyers away from my house because the commission was too low. The realest agent flat out told me that. But when I offered a 3% commission, suddenly I was inundated with home buyers. So the "commission is always negotiable" spiel is just crap.
😂😂😂
The commission IS and remains negotiable. Nobody will work on selling your property for peanuts though. They will sell their client a different house that pays more. So negotiate a better deal with your agent.
What you said is not true and you should have fired your agent. They lied.
Will you mow my lawn for $5? How about $7?
@@solice8844 that’s extortion……☠️
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Hello Dave, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
I don’t trust any of these six people that were interviewed none of them
They all know they are about to get paid Thank God alone I got my house in 2019 the interest rate and the price for my new home is now unattainable for most if I bought the same, I wouldn’t qualify even with perfect credit.
They all got that I'm better than you attitude and you don't understand the industry look 😂😂.
@@Westcoastguyyou mean professional clothes
Same. See their face. They are looking for money and say shit
Same!
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I sold a couple properties in 2020 and I'm waiting for a house crash to happen so I buy cheap. In the meantime, I've been looking at stocks as an alt., any idea if it's a good time to buy? I hear people say it's a madhouse and a dead cat bounce right now but on the other hand, I still see and read articles of people pulling over $225k by the weeks in trades, how come?
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Sonya lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Well guess you will wait forever😂😂
The next question will be .. what exactly do we need a realtors for?..in theory an online system could do the same thing cheaper.. unfortunately
Ya you could be scammed out of your property, until its to late, you just lost your
property.
First, for determining the best offer to make or the best price to list a property, as you likely have no clue of what would be competing, and of how to make adjustments for differences in lot size, upgrades with cabinetry, flooring, landscaping, lot premiums, and so forth, and of factoring in appreciation.
Then, lets say you didn't submit an SRPD form, you would be in violation of Nevada Law. You likely wouldn't be able to negotiate your contract as well as somebody who has done that for 33 years and taught hundreds of agents on that, nor have you taken 450 hours of continuing education with respect to real estate law. With multiple offers, you likely couldn't successfully negotiate that, or manage that well if you were a seller, without having some experience and a great understanding of the market and of how to speak to buyer's agents.
You literally don't know what you don't know.
@@randylazer2894naw will get AI to do that soon, unless you have a significant network then as a realtor the internet is going to replace you specifically language models like ChatGPT.
That worked well for Carvana.
You don't. They're overpaid middlemen.
These realtors are out of touch from real home buyers and sellers
Agreed there will never be a pit of gold waiting to be divided by these sharks
The entire realtor "system" is a financial scam to people wanting to buy and sell homes. We have sold 2 properties (1 was a home on 2 acres, one was a 5-acre plot) without the use of realtors -- we used attorneys to do the document preps and settlements. In one case, we even held the note on a 5-acre parcel of perc'd land. We did the advertising and in both cases, our properties sold within a month simply by putting signage on the properties! People need to work with a real estate attorney rather than pay all of these extortion fees in the realtor-based system.
Hey, most blacks vote welfare... meaning biden even though they don't know who's currently president bc they're always hi. Let's be real.
They don't realize how unnecessary their position is especially in the advent of zillow, redfin, and all the other sites. Consumers can find and vette their own properties.
Sell you home by yourself. Have a lawyer draw up a contract.
better yet, require county clerks to provide buyers and sellers with legal checklists, free of charge, so they can do the appropriate paperwork
100% best way
Ye, layer works for free!
@@alexkrin6249cheaper than 6 percent of an 800k property
Easier than it sounds. I thought the same thing, but there are so many little things a good realtor knows that we do not, and one mistake can end up costing tens of thousands.
Could this group fit the stereotype any better?
What stereotype are you speaking of? These were six real estate agents commenting on a settlement with NAR.
Look how they all sit the same, height weight pretty good, all agree perfectly. Nope, these are elites. But you keep listening to them.
@@shiner8375 Wrong. The average real estate agent's earnings in Las Vegas were $46,000 per year. In fact, I don't merely listen to these people, I have had a career in real estate for 33 years, am in the top 1/2 of 1% of my profession, have taught real estate law, marketing, contract negotiation, and other topics to hundreds of agents, have mentored many dozens of agents, and have about 450 hours of continuing education in real estate law, along with an MA in International Economics with a specialization in International finance.
These people simply spoke the truth of a ridiculous and wrongful litigation and settlement, and of the practices that are likely to ensue to help buyers afford the closing costs of purchasing a home.
Lastly, if you ever would walk into a real estate office, you would see that unfortunately many are not in the greatest of physical condition, and there are huge variances of the physical characteristics you noted
100% agree 😢
@@randylazer2894 Be honest Randy. Are you a real estate agent?
How about charging less than 6%!!!
That quite often occurs, as commissions always have been negotiable. In recent years as a buyer's agent I have been paid from 2%-4%, often 2.5% with the listing agent receiving 2.5 or even 2%.
Our company will go 5% anytime.
How about hourly now?
@@xyz987123abc If they make me sign a buyers agreement I am going expect them to be accountable for their time.
u dont have to use a agent
2% Should be the Max
Really Mr. Economist? BTW, between you and me, you aren't the economist, and I am, but that aside. The average earnings of a real estate agent in Las Vegas are $46,000 per year. I have seen various statistics, but the average commission for a listing agent is typically in the vicinity of 2.75% So what you are saying, genius, is that an average agent, making $46,000 should have a pay cut of 27%, so they really can't afford to take care of their families despite that many work 60 hours per week. Tell me, should you take a pay cut of 27%?
@@randylazer2894 As an economist, you should know that median earnings in the field of real-estate are a bad measurement of the profession. Seeing as a majority of those agents work part-time. The spread on real-estate earnings is MASSIVE, with virtually half of all real-estate agents have 1 sale every 12 months.
Also, avoid using insults and gaslighting in your analysis and replies; it's extremely unprofessional.
As an economist, I can credibly state that what you had written was completely wrong, per your words "median earnings in the field of real estate are a bad measurement of the profession".
That was ludicrous, as economists have given great emphasis of the evaluation of economic policies upon median household incomes, and real household incomes (which include inflation).
Median income of a profession is important for people to evaluate their career options and the time and educational and licensing costs that are required.
Do you think people would study for an additional 3 years and do a residency working 24 hour shifts if the median income of a doctor was that of a 5th grade teacher, or of plumber?
Do you think people would spend extra years of study for law school, and go through a lot of intensive educational hell if the median income for an attorney was that of a food server?
Then what you had written which really was noting that the top 20% of real estate and many sales professions will often realize about 70-80% of the income, well, that isn't special with real estate. That goes for insurance, auto sales, golf equipment, food and beverage sales.
The Capitalist system has been the most successful economic system in the known history of this world, as the US became the leading nation in the world about 114 years after its founding, despite other countries had been around for millennia.
Go take econ 101 and learn not to make proclamations that are of ignorance and falsity. Speak of what you know, and not of what you don't.
@@randylazer2894 You should spend more time on manners and less time on your 'economic profession'.
Who would want to continue speaking to someone like yourself with such an attitude?
Good day :)
@@randylazer2894 Why are you telling me that, direct your DUPLICATED responses to the TV station not me, and You're NOT an Economist.
Sounds like 6 biased opinionated realtors
Sounds like an ignorant comment.
seriously, the paid money is practically fumbling out of their mouths.
It is the fault of a snuffalupagus.
Tell me what bias they have, when explaining that a settlement would have the buyer paying for the buyer's broker's commission, instead of the seller? Tell me what bias they have when they noted of being able to negotiate having the seller pay those closing costs, as what happened previously to help home buyers afford homes with interest rates that are nearly triple of what they were in January, 2021?
There isn't bias from the realtors sharing their insights of the impact of the settlement and of how to help home buyers afford homes.
hi the last agent wanted 4% of the sale price. NO THANKS.
Its crazy how much open land Las Vegas has yet they build the houses "nut to butt" as they say.
Ass to grass too I don’t understand why the new homes are build like legos man. Smh
6% commission was okay when homes were half the price. Home are double and realtors still make the same %.
Never paid 6%. Most will take 4 or 5% on a desirable home.
Exactly like the tax man!
Yes. And everything is more expensive now so…
In my area, realtors make many hundreds of thousands of dollars on a single transaction and they always think it’s not enough because they work SO HARD on a deal.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia” because I adore her methods. You can make research and find out more.
I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Why are real estate agents even necessary? They literally dont do anything.
We email the clients all the time! 😂
Sell the home yourself. You’ve always had that option. Good luck.
For one, if you are a buyer they have connections. They may be able to help you obtain a home through some creative negotiation. From a selling point of view, it's nice to have someone looking out for your best interest and relieve you of the back and forth negotiation / paperwork. If these things are of no value to you then you can definitely go through the process alone.
@Bill_XYZ that's why realtors won't give is access to the MLS.. because we can literally buy and sell without any agents. My last home purchase he gave me access to MLS I found everything and he collected stupid money. Can't wait to get refunded in this class action
They really don’t. They are commission based sales people. Basically as good as used car salesmen
You don't need a real estate agent, you don't need a real estate attorney. All of the contracts are standard and you can download them all from several places online. All you need is the title company. That's it.
Where? I tried to find a good contract and couldn’t.
Agree! Realtors are trying to convince us that we need them, which we don’t anymore.
I got scammed by a local Vegas agent and my wife and I are filing bankruptcy 4 years later after a local agent who was touted as an "out of state relocation expert" sold us a house that needed 100's of thousands of dollars in repairs. We were buying from out of state and were prevented from doing a walk though due to " Las Vegas covid rules" it was 2020. Among other things we had no hot water for 4 months and had to re pipe the entire house. Oh yeah and new electrical. Oh yeah and even thought the inspector stated" best roof ive seen in a long time" which we have on a video inspection. Yeah roof is bad. Heating system. Broken. Had to be replaced. House cost 820,000. Worth about 4. Complete money pit. Doors kick off hinges. We were given no keys. Had to change all the locks immediately. Crazy. Agent stopped taking our calls after the sale. Lawyers told us we had an air tight case for a huge law suit however we needed 100 grand as a retainer and it would take up to 5 years. I'm a disabled Vet and this is what our country has become. Real estate agents are the scum of the Earth. There is no safe guards or help for buyers when they get screwed. Sad.
If you didn’t see the house, you shouldn’t have bought it. You could have backed out of the contract because you didn’t get a walkthrough. Sounds like you didn’t understand your contract or
contingencies. They can’t “prevent” you unless you agreed to not see it. It also sounded like you bought “as is” during the housing boom in 2020. Thinking you got a deal because of low interest rates. A lot of people made awful purchases at that time.
Wow, sorry to hear that. Your real estate agent shall get his/her karma in the worst way possible.
sounds like you are an idiot who didnt do your due diligence. no one should feel bad for the uninformed, knowledge is free.
Fuck. God speed sir!!
When a Californian moves to Vegas😂
They should be paid hourly like everyone else
So with the average real estate agent earning $46,000 per year in Las Vegas, would you desire they be paid the hourly wages of an attorney, which often is in the vicinity of $500 per hour? You see for $46,000, many are working 60 hours per week, and that hourly wage isn't much for the vast bulk of a profession where often the top 20%, make 80% of the income for the entire profession.
@@cer2299 Zillow & Redfin already have that business model.
@@cer2299 OK. I have 500 employees sittin doing nothing. I'm paying them salaries because none of them are independent contractors. You need to go to bed. School day tomorrow, son.
Most realtors are self employed.
😂😂😂😂
I sold my house without a real estate agent. No issues and will do it again!
Me too!
Agreed.. majority of them are a waste.. negotiate your own stuff and force them to give you more incentives then, get a broker that does the financing and you are good to go
How did you sell your home with out agent’s ENQUIRER minds want to know .
cool story. you want a cookie?
@@3103frank What's your problem?
6 real estate agents and obviously their opinions are not going to be skewed. If things were so rosy looking for them they wouldn’t be sitting up there reassuring themselves. Looks like a Alcoholics Anonymous meeting.
Why would their opinions be skewed? You lack an understanding of this settlement, for which there never should have been a ruling against NAR, as commissions have always been negotiable. Typically the seller has paid the buyer's commission, so home buyer's don't have to pay that out of pocket, which on a $450,000 home would be an additional $11,250 at 2.5% commission for the buyer's agent.
So there isn't anything skewed about stating facts, that the sellers can contribute to the buyer's closing costs, just as they always have for decades, and that can include paying the buyer's broker's commission.
This doesn't look like any AA meeting that I have witnessed in support of a dear friend, as I went to many with her. Why do you seek to demean very hard working people, who gave their time to share.
@Randy, it’s going to be fine for you McDonalds is hiring at $.20 an hour now. Don’t let these posts on UA-cam trigger you.😎
@@randylazer2894nope, it’s unnecessary commission…..it always has been.
Good analysis!
An angry commenter opens his mouth and closes his eyes.
1:36 Notice how all are sitting the same way I would NOT believe a word they say evil in plain sight - there just saying a bunch of words to confuse a first time buyer literally they need to be asking them how much was each of your Botox jobs 🤨🧐🧐🧐
First, your grammar is very poor, missing commas, periods, confusing "there" with they're. Then what you did was make hateful accusations against people whom you have never met. Please explain to me what anybody said that would constitute being "evil in plain sight"? I know some of these people, and they are very good and hard working, and dedicated to helping those in the profession succeed. Next, I seriously doubt, any of these 5 guys or the young appearing female have had Botox. Nor do I know what Botox would have to do with the settlement of a lawsuit with NAR.
To "splain to you" what has transpired....if one purchases a home, often closing costs for the loan, escrow, and title insurance are in the vicinity of 3%. Commission has always been negotiable, and that hasn't changed, for which there is the commission for the listing broker, and the buyer's broker.
However, there was a ridiculous lawsuit that a jury or renters ruled against the NAR, claiming that commissions weren't negotiable when they always have been with respect to the seller paying the buyer's closing costs. So if a buyer is purchasing a home at a sales price of $450,000, their closing costs would likely be about $13,500. If a buyer has an FHA loan, their down payment is 3.5% of the sales price, which is another $15,750.
So a buyer would need to come up with over $29,000 paying their own closing costs and the down payment to purchase a $450,000 home, while the seller has paid the commission for whatever was negotiated, often totaling 5% in current times, which would include a buyer's brokerage commission of say 2.5%, or in this case $11,250.
This stupid settlement may now have some buyers paying the buyer's broker commission on top of their closing costs and downpayment, so home buyers would have to come in with an additional $11,250 for a $450,000 purchase, meaning they would need instead of $29,000, over $40,000 to purchase a home.
What sellers and realtors can do is have a seller's contribution for closing costs, just as has been done for many loans for many decades. Take a lesson, don't ever accuse hard working people who are supporting their families and giving their time to teach others in their industry to be successful, as being evil. That was shameful. I have been a real estate agent for 33 years. Do you think I am evil? If you go for that, you know I will cite so much of my life and charitable endeavors that would prove such an assertion to be wholly false.
yup--the heck with them..
Hahahahahahah!!! 🤣🤣🤣🤣🤣 Yup!!! I didn't notice that the first time. I'm not surprised.
Oh ... and the "standard 6% commission" isn't a thing. You try charging 6% on a multi-million-dollar deal. The clients will laugh you out of the room and do the deal without you.
Commissions were always negotiable but realtors sure did hold the 6% line. I would have to negotiate like mad just to get it down to 5%.
What will happen is the buyers will just call the sellers listing agent and just work with them directly.
if you do that, the seller's agent can not work with you. A seller's agent can show you a property and that's about it. He or she will not help you in any other way. The agent will just ask you if you have your own agent and if not the seller's agent will find you an agent. It is usually someone they work with in the same office
Dual agency is not allowed in many states. Instead, they will sub you out to their own broker agent and then take the seller and buyers money. So corrupt. All claim to have referral system and encourage you to use. Then they take a percentage of the buyers agent money by selling you to that agent. Corrupt Corrupt corrupt
@@kisia156 right so they will work within the same office and negotiate the comp. I’ve bought n sold many that way.
@@Bill_XYZthat’s total BS the buyers agent is incentivized to get you to pay more. They want you to pay as high as possible to win the house. You can absolutely call the listing agent and make your offer
@@bean6528 unfortunately, dual agency IS legal in Nevada. I wish they would change that. And I wonder, will a listing agent want to go show a house every time someone calls? It can be a 5 min drive or a 45 min drive. I'm not sure you will find many listing agents willing to do that?? maybe I'm wrong. Personally I say a seller list the home themselves in most cases. Offer a credit (that could reasonably cover a buyer's agent and/or other fees) so that buyer's agent can shoulder the responsibility of ensuring laws are followed, contracts are correct, inspections are done etc.... a little CYA.
They sound pretentious and projecting that service will get worse. Bunch of entitled people…
I sold my house in March 2022 for total of 3% . 1 % listing Agent and 2% for buyer Agent.
Buyers agent do deserve more. Listing agents do the least amount of work
Bias agents work their tails off and sometimes for absolutely no pay at the end of the road.
Thats in a more reasonable range!!!
Agents are crooks
100%
It's not true they are good agent; l always help people in my community, like letting them know of grants and educating them as well.
People look for a sign or listing that say for sale by owner 😅
My feeling on this is...some sellers want/need agents, some buyers want/need agents...I on the other hand built my homes and did the work to make that happen. I will not allow agents to swoop in and claim an unreasonable portion of my hard earned equity....I had the risks, I did the work, I provided the cash along with everything else....be reasonable and we might have a deal...tell me 4-6%...NO DEAL!!!
Ultimately Buyers pay for all the fees. $18k on a typical house in Vegas to have someone take pics and put it on a few websites, then to have someone else tour the house with you for an hour and make a phone call on your behalf, then a 3rd person fills out forms and files them, is ridiculous. Maybe it's time for a flat rate pricing, budget to full service options for each side.
They should get paid hourly
Commission is a bad incentive to drive up housing prices.
Imagine if COPS got paid commission on how hefty the charges were for the person they were arresting. Cop would be CREATING evidence and duping the courts to get more compensation.
that will never happen
Morning heart breaking for my family 30 to 49 years old they can't buy a condo because the prices are totally crazy and many realtors are only looking for they big money on this sale, its just not fair to these young people first time buyers starting a family here in vegas i guess the buyer even with great credit cant afford a small home, what happened to our vegas valley it used to feel wonderful to live here,, this changed the young ones lifes on rental and buying its way to sad here
I synpathise with anybody in that situation but please keep in mind that prices will not go down if there were no Realtors involved. The home owner will always get the highest amount possible for their property no matter what. The problem today is a combination of low Inventory, Higher interest rates and a failing economy.
Whenever they lump a fee together they are always up to no good. So they can turn around a say "that's just the market price." without know why it's so high specially. They are scamming you.
YEP! That'll be a scam hot mess.
Exactly don’t be afraid to negotiate the commission. Start with 3% or less if the home price is high.
I hate paying for the buyers realtor’s commission who doesn’t do anything for me except give me headaches and jumping hoops for their client.
Hmm 🤔 you think it's that easy. 😅 try paying for gas sitting at your open house sometimes months providing food for your possible possible buyers, sitting there all day from 4 to 6 hours a day every weekend hoping to find you a buyer with no pay no guarantee. Making sure all the docs are right and in order so all the loan will go through smoothly talking to the title companies, appraisers, notaries, insurance agents bank reps etc. Working with the buyers making sure they qualify. Making sure there are no clouds in the title. Also brokers have lawyers to protect you. There is a lot involved. Plus we pay over 7 thousand a year just on office fees and for our license alone to be educated on contracts and laws to better help you. Please before you make false judgement on realtors do your research first.
This is why for sale by owner sites will get increased traffic!
I think they are trying to eliminate the agents who sell when they can, so the agents that live on the income can make more money.
Should've had some buyers and sellers in your panel or economists or financiers not just biased real estate agents trying to protect their corrupt turf
When I sold my home real estate got paid in commission 10k my check was 7500.00 after selling so he made more..
Did you get a net sheet before deciding to sell your home? This should have been given to you before you even listed the property.
@@Overflowwith yes I did my check should of ben 12k I was out of state and it was back foward signing sheets they mailed me my check.. with a sorry.. this was over 30 years ago
Greedy realtor commission's have priced many people out of the market.
FOR SALE BY OWNER!! This is what people should always use!! If the buyer uses an agent to approach you, telll them you will give only 1%. I sold my father’s house this way…and the buyer didn’t use any Realtor!! I GOT REAL LUCKY!!
6% of 500,000 to draft up a prefilled document that took them 45% to change the prefilled names on? Yea no. I’m glad the court changed this and their gravy train is over. At most, this is a 2-3k job for this task.
Homes already high now they want to charge you buy the hour for consultation and to buy your home. It seems better if the realtor just get their commission. It’s putting more money in the pockets of these types of agents. These people don’t like the fact so many people can get their licenses be cause they went to college and other just studied for the test and didn’t pay tuition. Strait monopolization from the.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
I hope to own a home one day. not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
I appreciate your comment. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.
Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I would rather work with the buyer or seller, personally and contract with them. We don't need anymore middle people.
FOR THEM TO SAY THE PRICES WILL GO DOWN BECAUSE COMMISSIONS ARE BEING “CHANGED” IS IRRESPONSIBLE…..
TAXES
HOA FEES
INSURANCE
INTEREST RATES
ETC
WILL KEEP GOING UP
LET’S NOT BELIEVE THE STUFF THEY TRY TO TELL US TO BELIEVE
WE SHOULD KNOW BETTER BY NOW
I’VE BEEN IN THIS INDUSTRY 20 YEARS AND AGREE CHANGES ARE NEEDED… WE NEED TO BE CAREFUL WHAT WE WISH FOR BECAUSE JUST WHEN YOU THINK YOU MIGHT BE SAVED- A LARGER PREDATOR BEGINS KNOCKING ON THE DOOR
Negotiable when the real estate says the homeowner already picked an offer but if you have 20 gs in cash, he can help you change the mind of the home owner to choose you
Realtors still don't get that they are not needed. All will happen with online forms. Every Realtor still believe buyers would use them or they can continue to get the seller to pay out of their equity. But too easy with technology available today.
I concur. Good luck.
Although I did learn how to fix my washing machine on youtube.
It still took 3 times to get it right.😅
When anyone says “years of experience” I immediately sense a red flag.
People that have merit never use that saying because their work ethic and results show they are capable.
Stop using Realtors.
So realtors just list it on mls and wait for a hit. Wow I want that job then. I Should have done this 30Years ago. F’d up.
I bought and sold six houses in the area where I lived, and every agent that I used told me that their broker would not allow them to negotiate commissions,
Who wants to work for less. Would you want your company to tell you they want you to work for half. F off- now I have real clients to help. Many hundreds of them.
Packed in like a sardine. Zero lot lines. Tiny lots by the views from that drone. Overpriced. What on earth is the appeal of that?!?
Screw them 😅
The commission and closing cost always get pushed into the total selling price anyway. Nothing will change!
This is correct and the buyer ends up Is paying for everything when the deal is closed.
As a real estate agent, it depends on the price of the home and the amount of work that the deal will entail BUT I've always thought how unfair it was to see other agents selling million dollar homes making more than me selling a 350k home. It's the same work.. sometimes more for the lower end properties.. so I hope this humbles those agents who were making wayyy too much money. They don't deserve it.
First with your screen name of "confused and spacey", that would indicate you have no semblance of understanding of what you are talking about.
You are wrong that the "same work" is involved with a million dollar sale as opposed to $350,000.
First, the real estate agent may spend tens of thousands of dollars on marketing to obtain the not so easy to procure million dollar client, and will do so for years.
I sold a $5.4 million home in 2022, and I had worked with my client for 20 years, first selling him a home and an investment building lot way back in 2002.
At that time I had been in real estate for 11 years, and procured that client through tens and tens of thousands of dollars of advertising, and also from my tremendous background of specializing in investment properties, which in part came from having an MA in International Economics, and serving as an economist and financial analyst, so I could provide incredible assessments of real properties with respect to market valuation, and factoring in appreciation and other likely economic trends.
Between you and me, you probably couldn't rattle off land values in subdivisions throughout Las Vegas, or to assess of what adjustments to make when comparing homes based upon upgrades for flooring, countertops, lot size, and other variables.
So I gave 31 years of work, with an incredible academic background before I sold this home for $5.4 million, in which one email I wrote saved my client $100,000, as I discussed inflation rates and the likelihood of interest rates increasing and reducing the supply of likely buyers.
I have many clients whom they became financially very well off from the investments they made with me, for which my economic evaluation of properties under consideration is not what you do with a $350,000 property.
In fact you wouldn't likely know the price of a slab of Quartzite or porcelain, and I guarantee you wouldn't have spent 200 hours renovating via the design of a property involving new cabinetry, new flooring, window coverings, light fixtures, faucets, appliances, paint on the interior and exterior, landscape, pool, and every other detail...that I am listing likely on Monday for $3.5 million.
People who sell larger homes do typically receive the same commission percentage, but they are doing something you are not, which involves having the knowledge, for which successful people often recognize those who do and those who don't, and of target marketing to those potential clients.
If you desire to work with higher priced homes, then up your game, and put together some great marketing programs, and go be successful, instead of writing BS about what you haven't done yet, and saying its the same.
No it isn't, it often takes many years for a realtor to have several high dollar clients, and they had to do the work and use their creativity.
I wish you the best, and take a life lesson, don't disparage your profession, but seek to better yourself.
I challenge the statement made that real estate commissions have always been negotiable. That is absolutely not true. I just asked my realtor today. My realtor stated that her broker does not allow for lower than a combined 6% commission, so it is the broker’s decision. Realtors have little choice in some cases.
I love how they always say at some point during the interview. Well, real estate. Commissions have always been negotiable. Yeah, but out of all the commissions done every year? How many are negotiated? Less than 15%...
Sadly, we negotiated too quickly and I personally don't feel one of our agent team is truly working for us. We never hear from her unless it's the fluffy marketing stats. Too many things have gone wrong and issues from the buyer - we are paying their agent fees. Perhaps if they had to foot that cost, they would be more cooperative.
The buyers agents are going to get squeezed out. This industry needs a shakeout anyway. Lots of unqualified people in the industry. Pay your own agent. 5% is the standard in central Florida. The percentage is not negotiable. The seller's agent has always dictated it. No seller is going to pony up $20k for closing costs. No one will pay an agent by the hour. They simply are not that talented and buyers need that money for closing costs
lol sellers are still going to want the most for their houses based on the comparables sales
lol, Steve Hawks the ultimate used car salesman😂
My experience with a realtor was one of exploitation. I was buying a home and the sales price was directly tied to her compensation. You do the math.
I paid 6% commission to an agent who supposedly be my sellers agent but 3 months passed no buyer and she said she just a “listing” agent. OMG! I never hired an agent for less than 6% commission, but it’s hard to have a good agent. They all interested for themself.
There is no need for a buyers agent unless you live in another state or country. In Australia, sellers just pay a selling agency a roughly 2% commission and that’s it. Buyer’s shop for a house themselves.
People better be able to side step this scam by buying with cash directly from the owner and never have to look at these people! This is definitely a west coast scam gone legal👎🏾
What a crock. Buyers have ALWAYS PAID BOTH Agent Commissions and worse they usually bake the commission into the mortgage so they pay interest on top of the commission The real challenge for Buyers is the out-of-pocket costs, but I'm confident the lending industry will be more then happy to offer a companion loan (different terms and rates) to cover fees like agents, closing costs, etc). We need a model where the buyers and sellers pay a fee based on services selected or hourly. This would decrease the overall home sales price and put the RE industry in alignment with other service industry compensations. I see no justification for any agent to be compensated double the amount for the same services ($300k vs $600k home sale).
From experience as a seller, it's not right that we're stuck with the entire commission on both sides. That's wrong. I use this as a negotiation tool. The buyer wants my property. They won't walk away because they're forced to pay their agent's commission. That's the way it should be. I'm not sure how it was that the seller got stuck with this. No wonder high prices on homes are listed like they are. If a seller knows they have to pay this, the price tag goes up. Like I said, it's a negotiating tool and the buyer won't walk away from their dream home with other buyers on a wait list over paying a commission to their agent.
How’s that tactic going?
Seller should not have to pay for the buyers agent. If you can’t pay for the buyer’s agent assistant, you should not buy a home to begin with. There is technology, real estate agents are not necessarily any more. My last seller agent got my almost $100k commission in less than 23 hours. There was no negotiation. Even one penny less. Enough is enough. Stop ripping people off.
The world are changing and the Realtors are in crisis because they don't want to change. Americans have been paying some of highest real estate commission in the world, but not anymore. They keep tray to finding new ways to maintain high fees but sooner or later the game is going to change, 6% is too much. They have to adapt to new times and specially for the AI in the near future, if not, their clients need to discover case by case how much is your real estate agent worth to you, and we start from there.
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Finding yourself a good broker is as same as finding a good wife, which you go less stress,you get just enough with so much little effort at things
Can't imagine earning $85,000 biweekly, God bless Ms Chloe Linda Henderson, God bless America 🇺🇸♥️
I have made more than 90 K God bless Chloe Linda Henderson God bless America 🇺🇸
Please who is this Mrs Christy Fiore.
My family needs saving from poverty 😭, can I get Ms Christy Fiore direct info.🙏
Looks like the projects! I dont want a home that looks like yours!
Honestly its 2024 we really don't need real estate agents.
Inspection in the bundle is a HUGE conflict of interest. Needs to stay independent.
Realtors don't deserve more than 1%. 1% should be the cap by law
1.5% works in other countries. Americans don't even think to ask.
Realtors are Liars!
All they want is the commission, and they'll tell every Lie possible, to get it!
I speak from experience!
Every home is*nestled" or "perched".
Crybaby realtors.
You demonstrated profound ignorance and missed the point. The realtors were sharing that the buyer could now be burdened with paying an additional $11,250 for a buyer's brokerage commission on a $450,000 house at 2.5%, instead of the seller paying that. The realtors were pointing out that the seller will be able to make a contribution to the buyer's closing costs to offset that commission, or effectively pay that. The realtors were actually pointing out that this settlement could damage home buyers, for which if they don't have an additional $10,000 or more for most home purchases, on top of a 3.5% down payment, which on $450,000 would be about $15,750, and then there are closing costs for the loan, escrow, and title insurance often in the vicinity of 3%, or another $13,500
The other point you were clueless of, is that commissions have always been negotiable, and sellers have always been able to contribute to the buyer's closing costs. So I didn't see crybabies, what I saw were realtors doing their best to reassure the public that this settlement won't cost them five figures out of pocket on their home purchase.
@@randylazer2894 ^^^ hey look everyone another crybaby realtor
These are not your average real estate agents. Look at them. How they sit, how they all agree perfectly. These are the elites coming together. But you keep on listening to them all you want while calling others ignorant.
@@shiversneak ....No, I am somebody who cited facts that proved you to have no semblance of understanding of the topic of this video and that real estate agents were seeking to prevent buyers from having to pay an additional $10,000 or more in closing costs in many cases.
Why don't you back up your words and take my exact writing and cite what constituted to be a "crybaby". You can't do that, as I gave you an analytic response that cited facts that you were completely ignorant of.
What you chose to do, was to demean others who many like myself have dedicated our great efforts and caring to the well being of our clients, and from those efforts gave them financial security in many cases and found the homes that they built their families and created wonderful life memories.
Citing facts doesn't constitute being a crybaby, for which you truly project that aspect of yourself. You see a video of real estate agents, and you don't like that, so lets call them crybabies. Now, go get your milk and cookies, sunshine, and I hope you feel better.
@@randylazer2894 ╭∩╮（︶︿︶）╭∩╮
I wouldn't trust a word those six people are saying. They give off, scammer vibes.
Why can’t we get the prospective from real estate agents? Not elites with $200 haircuts.
😂😂😂
Real estate agents have way too much power over sellers and buyers. Imagine if you are a seller and want to pay a low commission. A real estate agent may not show your house ever to anyone. Now imagine if you are a buyer, if real estate agent does not like you , he or she may simply ignore your offer and not present it to a seller , especially if you are a cash buyer. Yes, they are not supposed to break the law, but how can you prove that they do not break the law. Come on! Be smart and sell your house yourself.
3% will be the standard The realtor world will have to just reboot
I’m a realtor. I charge $2,500 non-refundable upon listing a property and $2,500 on the sale of that property. If I don’t sell the home and someone else does, I don’t charge the second $2,500. Buyer doesn’t need an agent. They can work with an attorney with contract, title search, closing etc… or directly with me! Buyers no longer need a realtor!!! Sellers win and buyers win! Realtors are doing their best to make this transition difficult and scare to buyers!!! Shame on old outdated realtors!!!
3% max total to pay buyer and selling agent. Call it a day.
Realtors are one step above Uber drivers, thats why everyone has a license
Most realtors are also Uber drivers.
Will agents will team up and they will screw the buyers and the sellers that’s for sure always have the same thing greed !
Real estate agents are the highest priced professions for the amount of time they put into their job.
3% for less than 30 minutes of taking pictures and loading it up into a national database, that is DISGUSTING!!!
Hello, we just sold our home and it was a terrible experience. The real estate agen was working for himself and the buyers held all the cards. We learned so much about what we should not do. We felt used. Thank goodness we have purchased a home with the proceeds and used a reputable real estate company. we move very soon with the previous rules.
Buyers don’t need a buyers agent. The listing agent can represent them just fine.
😮😮 The listing agent has a duty to work in the seller's best interest. They shouldn't be representing the buyer in negotiating price, repairs, concessions, etc. Honestly, a seller can more easily represent themselves and a buyer SHOULD use an agent (especially first time homebuyers). With Zillow and other platforms, sellers can EASILY sell on their own. Of the two agents, listing agent definitely does the least amount of work.
The listing agent gets paid by the Homeowner. Whose interest do you think Is going to be top priority? Certainly not the buyer. Would you go into court against a lawyer without one of your own
No one needs an agent at all. Just know you could get sued or even jailed for doing the transaction wrong. Or get screwed because no one is looking out for your interests.
Realtors are crooks..they will work with the other agent to their benefit not the seller or buyer
Please are NVIDIA and Bitcoin a safe buy to outperform the market this year? I'm tired of these new buys every week, just to make up some assets with low percentage on my $260k portfolio and try to keep everything around 20%.
Yes! but still make your own research. Or hire/ work with a good market strategist for entry and exits if you want to short term. Youre safer that way
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $610k portfolio surged, yielding an annualized gain of 28%.
this is all new to me, where do I find a fiduciary, can you recommend any?
Sonya Lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
No real estate agents/companies?
I’m a Realtor. There is plenty of room for buyers and sellers to save money. Ethical Realtors will always be here doing an excellent job marketing the homes and selling.
I think this law will weed out the unethical realtors honestly, and that is good for the ethical ones who put in an honest amount of work to get their clients the best deal.
yup--all 3 of them in the usa.....
@@MH_6160 nonsense, the unethical realtors are often the biggest successes, and yes I'm in the industry (27 years).
You are shady, as a realtor you should not be trying to push the idea that buyers agents are not necessary and that listing agents can represent both sides just fine.
buying a home should be automated, $15K for closing cost is excessive...
I run a successful FSBO company in another state. Honestly most deals I've seen fall apart not due to financing was due to one of three factors: Meddling real estate agent trying to steer their client away, meddling parents (dad looks under the sink and declares the house has problems), and incompetent (honey do list) inspectors. Personally I think that the buyers who think they want an agent will simply finance a partial commission into the mortgage payment if they cannot pay their agent cash. We've seen this happen for quite a while already when a FSBO seller doesn't want to pay they agent but they buyer wants the house. I think this is all a good thing. Time to weed out all those small time, part time agents that clutter up the market. People gonna need to find a different side hustle. It'll all settle down in a year or two while the market dictates what it wants.
Great agents are great problem solvers. A big part of that is mitigating emotions. That's really a big part of what they get paid to do. I was an agent for over 20 years.
BS BS BS lower your commissions you get paid a lot for not doing much
At the minimum 25% above listing price, realize the avarice how the home industry devoid unassuming buyers of reasonable pricing. Then that 6% commission is parted between themselves. Wouldn't disregard the exploit the agents, builders, and lenders are colluding … plus disproportionate district property assessments that exacerbate hardship to Las Vegas homeownership.
For those of you who want to save money, find your own buyer for your house for sale and open escrow, when you both agree the escrow lady will type up a contract, this will save you some money, the hard part is finding a qualified buyer to buy your home..
Looks like you’re headed for court if you write a sales contract like you write your comment-a lawsuit waiting to happen. You’ll be paying attorneys more than the savings you save from not using realtors.
Generally speaking realtors add zero value in terms of home buying. One of the least important “professions” to date. Lump car salespeople in that bunch.
We don't need real estate agents
I received two notifications in the mail to go to the website to make my claim and I cannot. There is nothing. It's a runaround, last I looked.
I wasn't able to negotiate an interest rate.
But I was an agent years ago and I worked for a big blue and white logo and the agents would never show their clients any listings that were under 6%.
I know of an office near me that won't show other listings aside from their own logo. They will at last resort, but never initially.
I'll notice how sellers sit on homes and once they switch logos, their homes sell.
General rule with exceptions.
Sell your own home!!!! Buy from for sale by owner! It's SO easy!
Go get your real estate license... Take the class before you buy a house. You have the knowledge and understanding and it's only a few hundred dollars and it's cheaper than hiring an agent!
Same with sellers.. if you're not familiar with the industry...and the process. Go to a title company or lawyer and just ask HOW to sell your home. Use them to sell your home and you'll save thousands!!!!!
It's SO easy!
There’s bad Realtors and tons of good ones. Don’t judge Realtors by 1 bad agent. You are the consumer, do your due diligence and hire someone with credibility and of course someone you can trust.