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nestork nestork is offline
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Mickey:

Tell your friend that he's going to starve to death doing that job.

The initial offer of a $300 gift card may be an attractive one, but most people are going to realize that what that means is that they're obligated to sell their house through that particular agency, and could get screwed. If that agency realizes that the seller is FORCED to sell through their agency, that agency could decide to set it's rate at 10% of the selling price of the house instead of 7%.

Besides the real estate agent is SUPPOSED to work for the seller, but in my experience, most real estate agents don't have sufficient income to wait for a better deal for the seller. They encourage the seller to sell at any price that's offered so that they can get their commission on the sale NOW. In a few months other real estate agents are going to smell that the guy is ready to sell, and they'll be circling him like hungry wolves too. So, every real estate agent is anxious for the seller to sell simply so that he can get his piece of the pie before it goes to someone else.

And, real estate agents don't do anything that's worth the 7% commission they collect. A seller would be better off to use that 7% to do a major improvement in the house (like replace iron supply piping with copper piping or PEX) and sell it on a Comm-Free basis than just let a real estate agent take that piece for nothing.

Maybe talk to your friend and impress upon him the wonderful opportunities that may be in his future if he embarks on a career as an assistant manager trainee for the Southland Corporation which operate tens of thousands of 7-11 Convenience stores in the continental USA alone. At least then he'll get a pay cheque every two weeks.

Last edited by nestork : August 23rd 14 at 02:27 AM