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The Housing Market Has New Rules. Realtors Are Evading Them.
2025 Apr 30, 1:43pm 253 views 9 comments
by EBGuy follow (0)
Comments 1 - 9 of 9 Search these comments
1
AD
2025 Apr 30, 2:01pm
AD
2025 Apr 30, 2:01pm
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And then you get a corrupt agent who is trying to take care of their friends (or someone who offers them a kickback), which may explain why they may block offers from the seller.
Another conflict of interest is they will block offers from RE agents that are not within their real estate company.
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And then you get a corrupt agent who is trying to take care of their friends (or someone who offers them a kickback), which may explain why they may block offers from the seller.
Another conflict of interest is they will block offers from RE agents that are not within their real estate company.
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2
WookieMan
2025 Apr 30, 2:58pm
WookieMan
2025 Apr 30, 2:58pm
AD says
This one is kind of a myth. Does it happen, yes. The agents are already giving away anywhere from 10-30% to the managing broker. They just want the sale. This only happens if you run the office, which is generally one agent in a location.
The problem is easy to solve. Make dual agency illegal with criminal fines and even jail time. That stops probably the biggest problem in real estate brokerages. It's not about commissions for one side or the other. It's when a listing agent cock blocks another agent/buyer to a double sided deal. Do away with dual agency and the problems in the real estate industry generally go away.
Another conflict of interest is they will block offers from RE agents that are not within their real estate company.
This one is kind of a myth. Does it happen, yes. The agents are already giving away anywhere from 10-30% to the managing broker. They just want the sale. This only happens if you run the office, which is generally one agent in a location.
The problem is easy to solve. Make dual agency illegal with criminal fines and even jail time. That stops probably the biggest problem in real estate brokerages. It's not about commissions for one side or the other. It's when a listing agent cock blocks another agent/buyer to a double sided deal. Do away with dual agency and the problems in the real estate industry generally go away.
3
AD
2025 Apr 30, 3:03pm
AD
2025 Apr 30, 3:03pm
WookieMan says
Your second sentence disproves your first sentence.
This one is kind of a myth. Does it happen, yes.
Your second sentence disproves your first sentence.
4
WookieMan
2025 Apr 30, 3:43pm
WookieMan
2025 Apr 30, 3:43pm
AD says
Not really. Regular agents want the cash, so they don't hide offers. One agent in the office is in charge and doesn't have to split it with the brokerage, they get 100% of the commission. So it's maybe 0.1% of brokers. So yes it's a myth, but does happen in a fraction of a percent of deals. Brokers want money.
WookieMan says
This one is kind of a myth. Does it happen, yes.
Your second sentence disproves your first sentence.
Not really. Regular agents want the cash, so they don't hide offers. One agent in the office is in charge and doesn't have to split it with the brokerage, they get 100% of the commission. So it's maybe 0.1% of brokers. So yes it's a myth, but does happen in a fraction of a percent of deals. Brokers want money.
5
SharkyP
2025 May 2, 8:16am
SharkyP
2025 May 2, 8:16am
The last 3 homes I have owned I sold myself. I offered buyers agent 2%. Everyone was happy.
6
WookieMan
2025 May 2, 8:46am
WookieMan
2025 May 2, 8:46am
SharkyP says
Agents just want the money. It's the active managing brokers that want the cash with dual agency because they don't have a split. You can make 2% on a deal, but 20-30% of that 2% is going to your managing broker. Money is better than no money. If you're working with the managing broker then watch you back. But that's only one broker in the office.
So hiding offers is not as common as people think. 80% of the agents if working full time might make $40-60k. And it's not consistent. It really is an awful job unless you're a networker and people like you. Otherwise it's close to fast food wages when your buddy or family member wants to buy or sell.
The last 3 homes I have owned I sold myself. I offered buyers agent 2%. Everyone was happy.
Agents just want the money. It's the active managing brokers that want the cash with dual agency because they don't have a split. You can make 2% on a deal, but 20-30% of that 2% is going to your managing broker. Money is better than no money. If you're working with the managing broker then watch you back. But that's only one broker in the office.
So hiding offers is not as common as people think. 80% of the agents if working full time might make $40-60k. And it's not consistent. It really is an awful job unless you're a networker and people like you. Otherwise it's close to fast food wages when your buddy or family member wants to buy or sell.
7
HeadSet
2025 May 2, 2:21pm
HeadSet
2025 May 2, 2:21pm
SharkyP says
I tried that with offering 3% to buyer's agents. No takers, as the realtors around here do not want to anger the brokerage houses that would rather collect listings. I was able to list at 4% though, with 3% going to the buyer agent.
The last 3 homes I have owned I sold myself. I offered buyers agent 2%. Everyone was happy.
I tried that with offering 3% to buyer's agents. No takers, as the realtors around here do not want to anger the brokerage houses that would rather collect listings. I was able to list at 4% though, with 3% going to the buyer agent.
8
AD
2025 May 2, 4:38pm
AD
2025 May 2, 4:38pm
HeadSet says
its tough selling For Sale By Owner (FSBO) in Panama City Beach with the way Central Panhandle Realtors Association (CPAR) runs things here, essentially running the town along with St Joe corporation
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SharkyP says
The last 3 homes I have owned I sold myself. I offered buyers agent 2%. Everyone was happy.
I tried that with offering 3% to buyer's agents. No takers, as the realtors around here do not want to anger the brokerage houses that would rather collect listings. I was able to list at 4% though, with 3% going to the buyer agent.
its tough selling For Sale By Owner (FSBO) in Panama City Beach with the way Central Panhandle Realtors Association (CPAR) runs things here, essentially running the town along with St Joe corporation
.
9
WookieMan
2025 May 3, 11:03am
WookieMan
2025 May 3, 11:03am
AD says
It's possible. You might have to pay some fees to get on sites or just market it yourself. Build a website which is trivial now. Print up a for sale sign with some graphics making it look like a brokerage. Phone number. QR code for the runners and dog walkers.
HOA's would be the only bitch if they don't allow signs. Word of mouth is a biggie. People knew we were building and we had people messaging and even calling us (somehow) if they could buy our house. Gave my mom a deal so she could be closer, plus no broker. We had multiple offers verbal and messages just from word of mouth.
Problem with FSBO is dealing with people if you're in a popular spot. If you can do a sign and list it on a few sites you'll get 10 calls message a day unless you price way high. Price it accounting for no commission and you'll undercut the market, but still net the same technically.
Disliked my dad, but he did have a brilliant idea as an attorney. Not going to name the website but he tried to get it going. ® Lobby is strong though. Since he did RE closings his business from that was cut in half. Realtors wouldn't use or refer him anymore. He hated realtors and they hated him. Would do deals I worked on and the other broker would be like "John Doe" fuck that guy. You mean my dad... lol.
its tough selling For Sale By Owner (FSBO) in Panama City Beach with the way Central Panhandle Realtors Association (CPAR) runs things here, essentially running the town along with St Joe corporation
It's possible. You might have to pay some fees to get on sites or just market it yourself. Build a website which is trivial now. Print up a for sale sign with some graphics making it look like a brokerage. Phone number. QR code for the runners and dog walkers.
HOA's would be the only bitch if they don't allow signs. Word of mouth is a biggie. People knew we were building and we had people messaging and even calling us (somehow) if they could buy our house. Gave my mom a deal so she could be closer, plus no broker. We had multiple offers verbal and messages just from word of mouth.
Problem with FSBO is dealing with people if you're in a popular spot. If you can do a sign and list it on a few sites you'll get 10 calls message a day unless you price way high. Price it accounting for no commission and you'll undercut the market, but still net the same technically.
Disliked my dad, but he did have a brilliant idea as an attorney. Not going to name the website but he tried to get it going. ® Lobby is strong though. Since he did RE closings his business from that was cut in half. Realtors wouldn't use or refer him anymore. He hated realtors and they hated him. Would do deals I worked on and the other broker would be like "John Doe" fuck that guy. You mean my dad... lol.
A landmark settlement was expected to disrupt how real-estate agents are paid. This is how that didn’t happen.
Michael, it’s gotten a little bit wild. I’ve spent the past year following this very closely, talking to agents, talking to industry insiders. Remember, the 6 percent was split 50/50. So usually the seller and the buyer’s agent would each get 3 percent. I’ve heard stories of agents who, in listing photos, are putting three cookies on the kitchen table as a sign to a buyer’s agent, if you bring a buyer, you’ll get 3 percent, which means they’ll get their 3 percent also.
...
During a showing, or even in the listing photo, there’s a movie playing, but it’s a movie that has three in the title, like “The Three Amigos.”
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Yeah, some of them are much more old fashioned. We’re talking emails, phone calls, texts. Some of them are really tech savvy... She just said, OK, you can’t go on the MLS... And she’s created a landing page that other agents can use... It enters all the homes they have for sale into their separate non-MLS site, compiles their data, and includes the commission.
Wonder if the NYTimes will have to fix this in their transcript?
The word realtor. Yes, it is a trademark of NAR. So you can only use it if you are a member of this group. And they have a lot of members, 1.5 million. They have more members than there are houses for sale in the US. So we’re talking a very big, very powerful group.