Do real estate agents usually make this much? - GoFuckYourself.com

chaze · 08-29-2005, 11:43 PM

My agent said he would discount my fee to 4.5 that fucken 30g's to sell my house.

Something don't seems right with that.

shife · 08-29-2005, 11:45 PM

If you want your house sold with in a week then yes if not I would just do it yourself.

Gottis · 08-29-2005, 11:46 PM

Yea they do.

Depends on region, type of object and shit of course

sandman! · 08-29-2005, 11:46 PM

Quote:

Originally Posted by chaze

My agent said he would discount my fee to 4.5 that fucken 30g's to sell my house.

Something don't seems right with that.

sounds about right and your agent does not get to keep all of it.

ronaldo · 08-29-2005, 11:47 PM

Where I'm from, that's $30,000 divided by 4. Your agent isn't gonna make 30k selling your house.

The listing agent, listing broker, buying agent and buying broker all make 25% of that fee.

So, unless he lists it and sells it, he's only making $7,500 less expenses.

chaze · 08-29-2005, 11:48 PM

Quote:

Originally Posted by sandman!

sounds about right and your agent does not get to keep all of it.

Ya, I think he splits it with the buyers agent but still.

ricks · 08-29-2005, 11:49 PM

It's 6% normally around here.

Azlord · 08-29-2005, 11:49 PM

it's usually 3% for the selling agent and 3% for the buying agent. 6% total going out. If he is selling it, and also bringing in the new buyer he gets 6%. If he lists it on MLS and another agent finds it and brings in a person to buy, they each get 3%.

chaze · 08-29-2005, 11:51 PM

Quote:

Originally Posted by Azlord

it's usually 3% for the selling agent and 3% for the buying agent. 6% total going out. If he is selling it, and also bringing in the new buyer he gets 6%. If he lists it on MLS and another agent finds it and brings in a person to buy, they each get 3%.

So I'm getting a deal paying him 30k to sell my house?

Fuckin crazy, I trust him though and already signed the contract. It's just damn, damn,

woj · 08-30-2005, 01:36 AM

Quote:

Originally Posted by chaze

So I'm getting a deal paying him 30k to sell my house?

Fuckin crazy, I trust him though and already signed the contract. It's just damn, damn,

That's a nice chunk of change, I would probably try to sell it myself first and see how that would go...

knought · 08-30-2005, 01:45 AM

Yes they do...especially rush sales! If that was mine I would probably done it myself!

ffmihai · 08-30-2005, 01:48 AM

why did you not negotiate it?

phonesex · 08-30-2005, 01:54 AM

Chaze,

I'm a real estate agent in California.

Make sure the buyers agent, the one representing the buyer, is getting at least 2.5%. It will be listed in the MLS.

Selling a home is not a simple task. Many people believe that we Realtors don't do much but that is not the case. There is a lot that goes on in the background. In Los Angeles, our files become 2 inches thick once a property is sold and that only includes real estate contract, disclosures, etc.

Hopefully you have a good agent from a reputable company which will market your home in the MLS, Newspaper, other agents, etc. Selling your home yourself might save you some $$$ but in this country where a third of the yellow pages are attorney, it would be best to allow professionals to handle it giving you the peace of mind.

DutchTeenCash · 08-30-2005, 02:07 AM

Quote:

Originally Posted by ffmihai

why did you not negotiate it?

exactly theyre always open to negotiations 6 in total is a lot if its a house that high in price

PrintAdult · 08-30-2005, 02:10 AM

It ranges from 3% - 6% usually. Do not sign exclusive for more then 30 days.

fl_prn_str · 08-30-2005, 02:12 AM

yeah they do make that much.....very competitive business and when the bubble breaks (home sales) they wont be moving as much.

there are also a lot of differences from an agent and a broker-

A real estate agent is a person licensed by the Department of Real Estate to handle real estate sales. A broker, also licensed by the State, is the person who may own a real estate company or who has overall responsibility for the agent's actions. The agent or broker will have had to take real estate courses and pass an exam before he or she could have become licensed to practice.

emthree · 08-30-2005, 02:45 AM

phonesex - so how much profit is on a typical sale for you, roughly?

Why · 08-30-2005, 04:42 AM

my grandpas house just sold for 152k and he only kept 146. so thats about 4.5 isnt it?

Peaches · 08-30-2005, 06:50 AM

It's 7% standard here. Usually if you have a seller's agent they split the cost. But as others have said, the agent doesn't get all that.

steffie · 08-30-2005, 07:29 AM

5% is pretty standart where I live. My advice don't negotiate to much with the Realtor. Sometimes I even kick them back 1% if they sell the house at full price within 1 month. I guess it just depends how fast you want to sell and where you are located

zentz · 08-30-2005, 07:36 AM

some do, some dont

Sosa · 08-30-2005, 07:41 AM

agents here take 6-8%

yys · 08-30-2005, 08:22 AM

Shit man, I've never seen a real estate broker charge more then 3% here. I sold a place a few years ago through a Re-Max team and they only charged 1.5% if it sold within 30 days(which it did), 2% 31-45 days, 2.5% 46-60 days and 3% max after 60 days.

Doctor Dre · 08-30-2005, 08:39 AM

Normally 5-6 %... good deal

sfera · 08-30-2005, 08:40 AM

they usually get 6% here in PA

Dalai lama · 08-30-2005, 08:48 AM

30k sounds too much depending on how much the house is worth

EroticySteve · 08-30-2005, 08:49 AM

The deal with Realtors.

If the market is hot you don't need them. They just put it in the MLS and if the market is hot it will sell itself if inventory doesn't meet demand.

However, in a slower market they usually do the same thing dump it in the MLS. Very few agents actively sell, it's all passive sales bullshit and you're paying for them to put it into the MLS. Rip up that contract. Spend $500 to have someone put it in the MLS for you and do a FSBO. You're leaving a lot of money on the table. I only buy and sell FSBO. It's just too easy to sell a house.

Drake · 08-30-2005, 08:54 AM

Quote:

Originally Posted by EroticySteve

The deal with Realtors.

If the market is hot you don't need them. They just put it in the MLS and if the market is hot it will sell itself if inventory doesn't meet demand.

However, in a slower market they usually do the same thing dump it in the MLS. Very few agents actively sell, it's all passive sales bullshit and you're paying for them to put it into the MLS. Rip up that contract. Spend $500 to have someone put it in the MLS for you and do a FSBO. You're leaving a lot of money on the table. I only buy and sell FSBO. It's just too easy to sell a house.

DaddyHalbucks · 08-30-2005, 08:54 AM

Damn straight! How do you think your Realtor affords his Mercedes?

I am sure it would be embarassing for you if he drove up in a Chevy.

;)

ricks · 08-30-2005, 09:41 AM

Quote:

Originally Posted by DaddyHalbucks

Damn straight! How do you think your Realtor affords his Mercedes?

I am sure it would be embarassing for you if he drove up in a Chevy.

;)

I would rather deal with a realtor that drives a Chevy, I wouldnt feel like I'm getting so ripped off.

Realtors are all scumbags, its about the only profession other than pornographers where you can make a generalization like this and it be true.

Realtors just want to make sales, they dont care about your best interest and will lie about anything and backstab their own brokers, I've seen it all. They will also lowball you when you are selling for a quick sale, so be careful, set your own asking price.

sandman! · 08-30-2005, 10:19 AM

Quote:

Originally Posted by EroticySteve

The deal with Realtors.

If the market is hot you don't need them. They just put it in the MLS and if the market is hot it will sell itself if inventory doesn't meet demand.

However, in a slower market they usually do the same thing dump it in the MLS. Very few agents actively sell, it's all passive sales bullshit and you're paying for them to put it into the MLS. Rip up that contract. Spend $500 to have someone put it in the MLS for you and do a FSBO. You're leaving a lot of money on the table. I only buy and sell FSBO. It's just too easy to sell a house.

1 problem with that when a agent for the seller is looking thru msl for thier client which house do you think will get shown last ?

The one where the agent makes no $$$ fsbo is great if you live somewhere with little supply and high demand in most places tho you will get less people seeing your house and overall less $$$.

Xenophage · 08-30-2005, 10:23 AM

FLAT RATE ... there are flat rate realators out there now that will charge about $1500-2K to list your house you have to do the open house yoruself. Real estate is going the way of stock brokerage. Fees are dropping. used to be you would pay $200 to trade a stock now its $7 same will happen to the overpriced real estate fees

sandman! · 08-30-2005, 10:29 AM

Quote:

Originally Posted by LegendaryLars

FLAT RATE ... there are flat rate realators out there now that will charge about $1500-2K to list your house you have to do the open house yoruself. Real estate is going the way of stock brokerage. Fees are dropping. used to be you would pay $200 to trade a stock now its $7 same will happen to the overpriced real estate fees

there are people in chicago doing mls listings for under 1k quite a few actually.

Houdini · 08-30-2005, 10:53 AM

In a hot market like California, where agents don't have much trouble selling, companies like http://www.helpusell.com only charge $9,995 flat rate and do everything that someone selling it for 6% is doing. In Santa Barbara, recently I read about two attorneys that partnered up and are selling homes for $9,995 up to $1 mil or 1.5% for homes over that. With a median price here of $1.2 mil, that's a huge savings. It's funny because other agents here are getting pissed at those two guys, even went so far as to try to get their real estate licenses revoked.

Morgan · 08-30-2005, 10:56 AM

My real estate agent has made about 60k from me the past couple months.

NaughtyAce · 08-30-2005, 10:57 AM

I know the typical charge in California is around 5 or 6 % so that sounds right.
2.5 or 3% to your agent and 2.5 to 3% to the Broker for the buyer.

BradShaw · 08-30-2005, 10:57 AM

If you want a good agent who will push your house, 6% is norm.

Agents will take clients to houses with the full 6% before your 4.5%. I agree, it sucks.

BradShaw · 08-30-2005, 10:58 AM

And keep in mind the agent does not keep all of it, they work for companies who take atleast 50% of the comissions.

Morgan · 08-30-2005, 11:00 AM

not to mention, my agent was the listing agent on both properties i bought.

Xenophage · 08-30-2005, 10:25 PM

Quote:

Originally Posted by Houdini

In a hot market like California, where agents don't have much trouble selling, companies like http://www.helpusell.com only charge $9,995 flat rate and do everything that someone selling it for 6% is doing. In Santa Barbara, recently I read about two attorneys that partnered up and are selling homes for $9,995 up to $1 mil or 1.5% for homes over that. With a median price here of $1.2 mil, that's a huge savings. It's funny because other agents here are getting pissed at those two guys, even went so far as to try to get their real estate licenses revoked.

Yeah when you work the excesses out of the market and kill peoples income, it tends to do that. Stock brokers were and are still really pissed at the comission structure and the interent for automating and simplifying and demystifying the process, but this is what is coming for real estate and nothing they can do will stop the inevitable drop in comissions.

KRL · 08-30-2005, 10:29 PM

Its just like when I charge 5% to broker a domain. You have any idea how many waste of time lookie lous I have to interact with to find that one buyer? Sometimes its 10 or more. That takes time. Time is money.

Then you get the people that take you through the process of buying a domain but never come through as they promised. That can really be a lot time down the drain.

Brokers are worth the money because its hard work and they get the job done professionally. End of story.

tony286 · 08-30-2005, 10:31 PM

let the agent make a living.

chaze · 08-30-2005, 10:35 PM

Quote:

Originally Posted by NaughtyAce

I know the typical charge in California is around 5 or 6 % so that sounds right.
2.5 or 3% to your agent and 2.5 to 3% to the Broker for the buyer.

Ya that's what he said.

I also have to factor he found the house I am in that went up 140k in just 12 months. And they got me a loan with no money down, no credit check, and no taxes.

So if it sales for $650 my opening price, I stilll make 110k for living in a sweet house in Orange County.

Next I think I'm going to rent for a year then when the bubble bursts buy again, maybe Long beach or Dana Point.

pussyluver · 08-30-2005, 10:41 PM

What if the bubble doesn't burst?

lazycash · 08-30-2005, 11:25 PM

www.ipayone.com

chaze · 08-30-2005, 11:33 PM

Quote:

Originally Posted by pussyluver

What if the bubble doesn't burst?

I'll be pissed.

I'm mainly selling for that reason.

08-29-2005, 11:43 PM	#1
chaze Confirmed User Industry Role: Join Date: Aug 2002 Posts: 9,752	Do real estate agents usually make this much? My agent said he would discount my fee to 4.5 that fucken 30g's to sell my house. Something don't seems right with that.

08-29-2005, 11:47 PM	#5
ronaldo Confirmed User Join Date: Jan 2002 Location: ICQ#: 272000271 Posts: 5,475	Where I'm from, that's $30,000 divided by 4. Your agent isn't gonna make 30k selling your house. The listing agent, listing broker, buying agent and buying broker all make 25% of that fee. So, unless he lists it and sells it, he's only making $7,500 less expenses. Last edited by ronaldo; 08-29-2005 at 11:48 PM..

08-30-2005, 01:48 AM	#12
ffmihai keep walking... Industry Role: Join Date: Jun 2002 Posts: 7,177	why did you not negotiate it? __________________

08-30-2005, 01:54 AM	#13
phonesex Confirmed User Join Date: Mar 2005 Location: Phone Sex Pays! Believe it! Posts: 3,437	Chaze, I'm a real estate agent in California. Make sure the buyers agent, the one representing the buyer, is getting at least 2.5%. It will be listed in the MLS. Selling a home is not a simple task. Many people believe that we Realtors don't do much but that is not the case. There is a lot that goes on in the background. In Los Angeles, our files become 2 inches thick once a property is sold and that only includes real estate contract, disclosures, etc. Hopefully you have a good agent from a reputable company which will market your home in the MLS, Newspaper, other agents, etc. Selling your home yourself might save you some $$$ but in this country where a third of the yellow pages are attorney, it would be best to allow professionals to handle it giving you the peace of mind. __________________ Phone Sex Pays Make $1.50 a minute! CLICK HERE TO SIGN UP NOW

08-30-2005, 02:10 AM	#15
PrintAdult Confirmed User Join Date: Aug 2005 Location: Skype - PrintAdult Posts: 845	It ranges from 3% - 6% usually. Do not sign exclusive for more then 30 days. __________________ http://PrintAdult.com PrintAdult V.2 Is Ready to Serve you for all of you Web Development and Printing Needs. AOL: PrintAdult ICQ: 348-008-895 Call Toll Free: 1.866.OK.Adult

08-29-2005, 11:45 PM	#2
shife So Fucking Banned Join Date: Dec 2004 Location: Texas Posts: 341	If you want your house sold with in a week then yes if not I would just do it yourself.

08-29-2005, 11:46 PM	#3
Gottis Confirmed User Join Date: May 2004 Location: VIP NO ID Posts: 1,746	Yea they do. Depends on region, type of object and shit of course

08-29-2005, 11:49 PM	#7
ricks Confirmed User Join Date: Oct 2004 Posts: 924	It's 6% normally around here.

08-29-2005, 11:49 PM	#8
Azlord Confirmed User Industry Role: Join Date: Dec 2003 Location: City... City of Satan Posts: 2,651	it's usually 3% for the selling agent and 3% for the buying agent. 6% total going out. If he is selling it, and also bringing in the new buyer he gets 6%. If he lists it on MLS and another agent finds it and brings in a person to buy, they each get 3%.

08-30-2005, 01:45 AM	#11
knought Confirmed User Join Date: Aug 2005 Posts: 316	Yes they do...especially rush sales! If that was mine I would probably done it myself!

08-30-2005, 02:12 AM	#16
fl_prn_str Confirmed User Industry Role: Join Date: Aug 2004 Location: Tampa, FL Posts: 5,736	yeah they do make that much.....very competitive business and when the bubble breaks (home sales) they wont be moving as much. there are also a lot of differences from an agent and a broker- A real estate agent is a person licensed by the Department of Real Estate to handle real estate sales. A broker, also licensed by the State, is the person who may own a real estate company or who has overall responsibility for the agent's actions. The agent or broker will have had to take real estate courses and pass an exam before he or she could have become licensed to practice.

08-30-2005, 02:45 AM	#17
emthree Dialer Kingpin Join Date: Jun 2003 Location: New York Posts: 10,816	phonesex - so how much profit is on a typical sale for you, roughly? __________________ • Sell Patches & Pills •

08-30-2005, 04:42 AM	#18
Why MFBA Industry Role: Join Date: Mar 2003 Location: PNW Posts: 7,230	my grandpas house just sold for 152k and he only kept 146. so thats about 4.5 isnt it?

08-30-2005, 06:50 AM	#19
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	It's 7% standard here. Usually if you have a seller's agent they split the cost. But as others have said, the agent doesn't get all that.

08-30-2005, 07:29 AM	#20
steffie Confirmed User Join Date: May 2002 Location: Somewhere in the Mountains, far far away Posts: 2,422	5% is pretty standart where I live. My advice don't negotiate to much with the Realtor. Sometimes I even kick them back 1% if they sell the house at full price within 1 month. I guess it just depends how fast you want to sell and where you are located __________________ Partying since '96 and not going anywhere Anna's Dorm

08-30-2005, 07:36 AM	#21
zentz Confirmed User Industry Role: Join Date: Nov 2003 Posts: 8,053	some do, some dont __________________ Programs that owe me money ---- Epassporte.com ~ $2700 \| Protraffic.com ~ $2600 \| XonDemand.com ~ $3000 Email: [email protected]

08-30-2005, 07:41 AM	#22
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	agents here take 6-8%

08-30-2005, 08:22 AM	#23
yys Confirmed User Join Date: Aug 2001 Posts: 1,922	Shit man, I've never seen a real estate broker charge more then 3% here. I sold a place a few years ago through a Re-Max team and they only charged 1.5% if it sold within 30 days(which it did), 2% 31-45 days, 2.5% 46-60 days and 3% max after 60 days.

08-30-2005, 08:40 AM	#25
sfera Confirmed User Join Date: Aug 2005 Location: ICQ: 248877409 Posts: 8,597	they usually get 6% here in PA

08-30-2005, 08:48 AM	#26
Dalai lama Strength and Honor Join Date: Jul 2004 Location: Europe Posts: 16,540	30k sounds too much depending on how much the house is worth __________________ A program you can trust. Gallerybooster Run multiply TGPs of 1 script

08-30-2005, 08:49 AM	#27
EroticySteve Confirmed User Join Date: Mar 2005 Location: The Sunshine State Posts: 4,365	The deal with Realtors. If the market is hot you don't need them. They just put it in the MLS and if the market is hot it will sell itself if inventory doesn't meet demand. However, in a slower market they usually do the same thing dump it in the MLS. Very few agents actively sell, it's all passive sales bullshit and you're paying for them to put it into the MLS. Rip up that contract. Spend $500 to have someone put it in the MLS for you and do a FSBO. You're leaving a lot of money on the table. I only buy and sell FSBO. It's just too easy to sell a house. __________________ You deserve to make more money. I'll help you do that. Our affiliates earn up to $3/email or $107/sale email steve <at> eroticy.com - icq 290153464

08-30-2005, 08:54 AM	#29
DaddyHalbucks A freakin' legend! Industry Role: Join Date: Feb 2004 Location: Las Vegas, Nevada USA Posts: 18,975	Damn straight! How do you think your Realtor affords his Mercedes? I am sure it would be embarassing for you if he drove up in a Chevy. ;) __________________ Boner Money

08-30-2005, 10:23 AM	#32
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	FLAT RATE ... there are flat rate realators out there now that will charge about $1500-2K to list your house you have to do the open house yoruself. Real estate is going the way of stock brokerage. Fees are dropping. used to be you would pay $200 to trade a stock now its $7 same will happen to the overpriced real estate fees

08-30-2005, 10:53 AM	#34
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	In a hot market like California, where agents don't have much trouble selling, companies like http://www.helpusell.com only charge $9,995 flat rate and do everything that someone selling it for 6% is doing. In Santa Barbara, recently I read about two attorneys that partnered up and are selling homes for $9,995 up to $1 mil or 1.5% for homes over that. With a median price here of $1.2 mil, that's a huge savings. It's funny because other agents here are getting pissed at those two guys, even went so far as to try to get their real estate licenses revoked.

08-30-2005, 10:56 AM	#35
Morgan Too lazy to set a custom title Industry Role: Join Date: May 2002 Location: Corona Del Mar, CA Posts: 10,520	My real estate agent has made about 60k from me the past couple months. __________________ PornstarPlatinum.com \| TransErotica.com

08-30-2005, 10:57 AM	#36
NaughtyAce Traffic - Protect Content Industry Role: Join Date: Aug 2003 Location: San Diego Posts: 1,482	I know the typical charge in California is around 5 or 6 % so that sounds right. 2.5 or 3% to your agent and 2.5 to 3% to the Broker for the buyer. __________________ Publisher manager http://Leads.TrafficHaus.com [email protected] Looking for Sales Support! - Contact Media Reps Looking for Traffic - Go to TrafficHaus.com Looking for Ad Block Prevention - Go to ReviveAds.com Looking for Copyright protection - Go to DigiRegs.com Looking for Video Marketing Software - Go to Partner.TrafficHaus.com

08-30-2005, 10:57 AM	#37
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	If you want a good agent who will push your house, 6% is norm. Agents will take clients to houses with the full 6% before your 4.5%. I agree, it sucks. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

08-30-2005, 10:58 AM	#38
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	And keep in mind the agent does not keep all of it, they work for companies who take atleast 50% of the comissions. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

08-30-2005, 11:00 AM	#39
Morgan Too lazy to set a custom title Industry Role: Join Date: May 2002 Location: Corona Del Mar, CA Posts: 10,520	not to mention, my agent was the listing agent on both properties i bought. __________________ PornstarPlatinum.com \| TransErotica.com

08-30-2005, 10:29 PM	#41
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Its just like when I charge 5% to broker a domain. You have any idea how many waste of time lookie lous I have to interact with to find that one buyer? Sometimes its 10 or more. That takes time. Time is money. Then you get the people that take you through the process of buying a domain but never come through as they promised. That can really be a lot time down the drain. Brokers are worth the money because its hard work and they get the job done professionally. End of story. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

08-30-2005, 10:31 PM	#42
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	let the agent make a living.

08-30-2005, 10:41 PM	#44
pussyluver Clueless OleMan Join Date: Mar 2003 Location: ICQ - 169903487 Posts: 11,009	What if the bubble doesn't burst?

08-30-2005, 11:25 PM	#45
lazycash Troll Patrol Industry Role: Join Date: Aug 2002 Location: Local Socal Posts: 15,214	www.ipayone.com __________________ "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams.. Its crazy..." VenusBlogger