w67thstreet would like to apologize.....

like it..esp that buyers make go to selling broker directly without having to pay a deal-impeding buyers broker

btw in general r.e. borkers function mostly as deal-impeders---even without consideration of what they do to transaction costs

No arguments here buddy. Why should sellers take all the hit? I think if you are giving your broker a guaranteed transaction, they should give a little... wasn't so many years when a $1MM transaction was unheard of.

Good luck brokers! you can thank shrimpie and jimhones (or whatever that 1400 sat/genius "key/turner" is)... thatz my new slang for borkers = > key turners, thatz sorta snazzy.

Oh Jimmy. Oh shrimpie.

"If you are feeling ballsy, (for u shrimpie/jimmy ballzy), take your "wish" number and add 4.5%.. thereby making your unit more price competitive, otherwise state 2.5% discount to buyers w/o brokers in your advertisement."

This part won't work, in fact I'll bet in the end, especially in a buyer's market, will work against you.

The most fun part about my job is that while I get to make fun of our friend with the Rolex, I have actually no vested interest in the outcome of the life of the good yacht and Porsche owner. So when I point out that our former TA from an Ivy League business school is a commercial landlord and a former residential landlord, or when I point out that the husband of the doctor cheated one of his own landlords (did you catch when the guy with the trust fund for his two children who came to America from poorer lands said he doesn't pay the last month's rent?), it's not because I'm trying to negotiate lower rent for myself from our little chihuahua / rottweiler mixed-breed, or because I have a rent dispute with yep yepper, or because I'm a broker who wants sell-side or buy-side business out of our hairy hemorrhoidal friend. I do it for the love of all of God’s creatures who aren’t pigs or shrimp.

I do it for MY love of all of God's creatures who aren't pigs or shrimp (note the exclusion for you).

Oh, I'm not making fun of you. I'm pointing out what you consider are your better qualities and like to talk about.

Shouldn't you be ignoring me, or did you ignore aboutready's advice?

PS, does it bother you that you come on to streeteasy to pick on brokers, and you end up switching topics to child molestation?

when the fuck have i ever said a porsche, yacht, rolexes, trust funds makes anyone "better"?

I don't know little doggie, maybe just about all the time?

shrimpie... iz this why you are so good at being a borker? Howz your reading comprehension... I am just shaking my head at your stupidity.... every month.. chk your bank account... your profession has seen better days and it ain't coming back... GOOD LUCK WITH YOUR GOD AND YOUR PEOPLE LOVING SKILLZ>>>>>>>>

doggie, I'm just asking you to explain your posting. It made no sense. I don't speak barking.

I'd pay $100 to watch you guys fight!

can we get any more in on this, lets roll up the prize money.

Um, getting back to OP and I think the more interesting topic....

What the Big Dogs actually do, and I mean a major developers of very large new apartment building, is when they want to move a property, they raise the broker's commission.

So I have a property on my website where the developer is acting as its own listing broker, and the buyer's broker commission they want to pay is 4.5%. The property is about $1.5 mil, the building is over 85% sold. They want a quick finish to this so that's what they're doing with their last couple of units at this price point. (For those who don't know, the usual is 2.5 to 3%. Most often 3%.)

Funny thing, I've been an agent for all of 6 weeks, and I have yet to hold a key in my hand that wasn't to my car or my own home.

But I have been working 7 days a week rewriting apartment advertising copy so it actually will sell the place; placing properties on a zillion websites; taking better photos for owners; helping buyers line up financing; helping buyers find attorneys; having coffee with a young couple in Brooklyn, explaining why they won't be able to buy that beloved co-op unit after all because the building's financials are so terrible; explaining the law about agency to FSBOs; researching prior sales and mortgage histories so buyers can make an informed offer; gathering P&L/cash flow reports on properties for a couple of interested investors; previewing some rentals so prospective tenants don't waste their time looking at junk; trying to get VA approval for a single unit so a veteran can take advantage of VA financing to buy her first home...and of course, showing apartments and taking a lot of phone calls and answering every email from potential buyers or sellers.

The work isn't at the showing. The work is everything leading up to the showing, and everything that happens after the showing. It's rather invisible, but it sure is time-consuming.

{Manhattan real estate agent.}

There is now a posting above by me that is out of context because of the deletion of one of w67thstreet's posts.

That's unfair, all on this topic should be deleted if any is to be deleted, but the original subject was raised by w67thstreet. It was disturbing to begin with:

"w67thstreet
why don't you just out yourself... that last post of doing God's work takes the cake. Does your god believe in falsely accusing someone anonymously of child molestation cause you don't happen to like their grammar?
It was Goodstein Mgmt on 47th st, called Becky myself and said would you mind if you took the security instead of the last month, you can have the super come up and check out the apt.... she said, " no problem, we do it all the time." GO FUCK your dried shriveled shrimp labia you gutless god fearing POS. 'YOUR' GOD IS NOT REAL, it's to make scared little shits like you accept death. It's how people like yourself make yourself feel better, if you believe in your god, then all the other "gods" are false gods... are you calling my god false? "

Note the second sentence in the first paragraph, which was disturbing:
I had responded,

nopigsorshrimp
"Does your god believe in falsely accusing someone anonymously of child molestation cause you don't happen to like their grammar? "
Actually, I've never accused you of child molestation. I've simply pointed out how within some of your postings I've seen you with a very close proximity to a mention of your "big" penis and mention of your 3 and 5 year old children. I do find that disturbing. But you are the first to mention child molestation. I learn something new about you every day."

and that puts in context the next posting which does currently appear above:
nopigsorshrimp
PS, does it bother you that you come on to streeteasy to pick on brokers, and you end up switching topics to child molestation?

and doing a bit of research this morning on Google Cache I found something I hadn't even seen live when it actually happened:
http://74.125.155.132/search?q=cache:b-7ff4UZuh0J:www.streeteasy.com/nyc/talk/discussion/14330-nopigsorshrimp-i-want-that-retraction-of-your-accusation-of-pedophilia-against-w67thstreet+nopigsorshrimp+w67thstreet

So let me be clear, I never accused w67thstreet of this, I merely pointed out that some of his posts that he made about within the past few days ago contained an all but uncomfortable proximity of his discussion about his penis and a discussion about his children. (It is likely that those posts by w67thstreet have now been deleted as they should have been.) I don't think that such discussion of such topics by w67thstreet is necessary and so I pointed that out in a similar manner to how I tend to point out other too frequent inappropriate behaviour, language and attitude of this individual w67thstreet. Truth of the matter is, w67thstreet is an anonymous poster, I have no idea who he actually is. I can only make my statements about him based on specifically what he's posted on streeteasy and nothing else. Maybe he should say less. Maybe he should clean up his language. Maybe he should rethink his attitude. Those of you who think he is funny should also reconsider what you've been encouraging.

Fluter: great post; although real estate agents are blasted a lot on this site, you gave a good insight into exactly what value a hard-working, dedicated RE professional brings to the table. Hope your post doesn't get completely drowned out by the noise of the firestorm that's currently raging on this thread.

"I don't speak barking."

lol, I'm going to use that one next time I get into an argument with someone who keeps shoutng!

Say you're sorry.....

i accept your apology.

wanderer, I'd take this fight w/o $... some things in life, you do for the sheer thrill

ericho, I can do the tights but not the make-up, u b joker. I'd as soon take an apology from Shrimpie as a member of the 3rd Reich.

Shrimpie, the only thing that caught my eye was your spelling of "behaviour".. I know the NYTimes social section reading lookers on like you, that think penmanship and grammar (esp. the king's english) somehow "makes" them superior. It's not your grammar policing that pisses me off as so much your "own" superiority complex, especially when you are a RE broker.

When I was growing up in nyc, a Residential RE broker was something a stay at home mom /dad (w/o a 6 figure sugar daddy or mommy) did to splurge on a $500 watch, handbag or lunches out w/ the ladies... it was NEVER NEVER A CAREER. Yeh, you had a taste of the good life.... got to spend some money and took some "RE" courses at the learning Annex, but howz all the running around and turning keys w/o the $$$$$$$$? Enjoy, you're too old to learn new tricks, your NYC RE / 401K is gonna pay out cat food annuities, and NOTHING on the horizon is gonna bring back 2007. Like they say "better to have had money once, then to never of had it in the first place."

Princetonbabe/Fluter, look I appreciate the fact there is indeed some footwork that needs to be done, but 6% on $1MM is $60K. Your take as a lister is $30K. A new recruit in the marines taking bullets to the head gets $30-$40K, the young ones keep re-upping to Iraq bc battle wages are not taxed. In fact, in the bubble era it was not unheard of for a soldier to go to war to save for a home and come back and realize that house just got $100K more expensive, so off to WAR he went and came back in a casket.

So, great fluter... it's hard work slaving away at a laptop at Starbucks for hours on end, but pls 6% on a $1MM "home." You need to speak to Shrimpie... cause I can't justify 6% on a $1MM above unit...

doggie, it looks like somehow you calmed down after one of the classic mental meltdowns I've seen on streeteasy. Don't worry though, I have it saved. And it's not bad for someone who claims to be so in control over his destiny, aiming to be the best husband, best father, best businessman, …

Your broker math is all "blah blah" to me. I'm not a broker. You can think I am or think I'm not, I'm indifferent to what you think as I'm just doing this "for the sheer thrill." But I find this logic you express interesting: the brokers make too much money, but the commercial and residential landlords, ... what? But clearly your issue with broker commissions is self-serving as a property owner. Nothing wrong with having a self-serving point of view. That's business. But you do it in such an odious way. Holier-Than-Thou You Are. The first post on this discussion would be Exhibit A if there weren't dozens and dozens of other posts of yours that came first.

So you think that I think I'm superior. Because I point out that you brag constantly about yourself. How have I bragged about myself? What kind of watch do I wear? How much money do I have saved? What is the occupation of my significant other? Do I have any luxury vehicles? What obstacles did I overcome that I still insist on talking about to this day so I can get a pat on the back? What can I do athletically that impresses? How good are my private parts?
You don't know. Because I've never said anything about any of it.

Lastly, you talk about brokerage commissions in context of U.S. Soldiers in Iraq.

I'm trying to fit into the timeline of your life, at approximately age 39, when you served in the military? We know about college, your Ivy League MBA, your time in investment banking. Your days as a residential landlord. Your days as a commercial landlord. All of that you talked about. When were you in the military? When did you risk your life for our Country?

Shame on you for analogizing our Soldiers in harms way to your selfish economic causes and for your outsize ego.

is it me or does this advice seem extremely dated and obvious? flat fee MLS listing service has blossomed all over in the past couple of months 2.5% or even 1%, whatever you feel like listing. not a fan of brokers myself, save sleeping with some (many) of 'em.

ps everyone has at least 1 broker buddy to avoid paying the miniscule $300 to list on flat fee MLS. if you're good in bed, he'll list it for ya free, and he has incentive to tack a $1mm property sold on his resume, albeit no commish.

Rclavi good point...was waiting for actual advice.

Have you ever used any of the MLS sites? Have been going back and forth with it but haven't had time to research which is best. Thanks.

doggie is back to his old self.
Here's a recent rant:

w67thstreet
10 minutes ago
ignore this person
report abuse Wherez that can of whoopazz?

Modern - I have 3 cars in the household. My turbo logged 900 miles in the last 9 months. I'm a commercial RE investor, with a track record of doing deals and am ALWAYS looking. I can't stop being a "business" person. My accountant gave me a choice of designating a car for business... I chose TT. As i said, in my prior career had lots of dealings with corporate types. Sponsored and took part in corporate junkets.... you don't know tax cheating till you've been around little banking MDs fighting over the Concorde or 1st class....those are little beeeytchess.... I fear NO audit and sleep well every nite.

Here a question, if Jenna Jameson buys vaginal cream cause she's got a yeastie? is it work related or personal use, and let's say for argument sake she got it 30% from husband and 70% from doing movies? Should we have a forensic vaginacologist to determine the source of yeast? I'd love to be in that IRS audit.

30yrs.. I've got 4 words for you. "CAT FOOD"

As to your parking question, I like Tower 67 garage as it only allows monthlies and I don't have to deal with a parking lot full of Jersies getting their fill if Aida. Insurance, funny enough, I just got my bill for my $20MM personal umbrella policy. Section D subpart ii, third paragraph states I shall have on all motor vehicles and motorboats liability insurance of $1MM for my umbrella to be binding. FYI, even though I am 40yo w/ a 6yo and 4yo I carry NO life insurance, but just a $20MM umbrella insurance... why would that be? 30yrs... oh why?

Look, I'm getting tired of your pseudo "smarter" than thou, more experienced than thou, smoke jacket wearing little prima donna "persona" you like to portray on SE. Let me ask you something that's bugging me at the moment. You've been in NYC RE for 30 yrs in the greatest re-birth and renaissance of NYC in its history and then the greatest RE bubble in its history. My father came to NYC in 1977(so about the same time), a immigrant without a HS education, no english skills (still can't read or speak it well), with 3 kids in tow, a housewife and $2000.00 in his pocket. I was younger, but you and I grew up in NYC together, the bx burning, crack/aids epidemic, MTV, re-birth of the city, internet boom, 9/11, NYC RE bubble. You were older, were in NYC RE, saw 100s of LT cases, involved in many flips, many sales, come from a family of RE, all the while turning down offers from large brokerages cause they couldn't pay what you thought you should be paid. Donald made billions, Macklowes made billions, Kushners made billions and my dad (let's call him daddy monkey) is 10x richer than I and hasn't had to work in 15 yrs (me just 7yrs).

Given all this, I would think a person such as yourself wouldn't be sharing an office with a RE borker's desk abutting yours in the waning years of your career. If I had no kids, and was in my mid 50's, I'd be traveling the world with my wife never looking back.

So put your smoking jacket on, roll down the blinds, get your 35mm Linda Lovelace movie projector going and pop some popcorn.

Oh, yeah... four words.
FUCK YOU.

P.S. since 1989, Porsche has galvanized its unibodies and gives a 10 yr rust warranty. My car is 3 yrs old, I'm covered.

arguable the most bubbilicious gr

w67thstreet
about 12 months ago
ignore this person
report abuse I've been thinking, it seems i haven't really given any "real" advice to sellers. One could argue I've actually "just" been a voice of the buyers and a hater of the residential RE brokerage industry. So to that end, I am giving sound advice to the "unintentional" sellers in this bear market.

1) If you have a listing (greater than $1MM) that has been pulled and are about to re-list, why don't you get an additional 2% jump on your other "home" sellers in the market. Here is how: 1) invite a member of each of the large brokerages and one or two smaller firms (ala Madlin "aka crooked neck") for a little coffee. It'll be very cozy, you, your wife, 5 brokers dying of starvation and lack of a Hawaii vacation in the last 18 months. You lay out the following brokerage schedule. 4.5%. 2% to seller and 2.5% for buyer's broker.

If you are feeling ballsy, (for u shrimpie/jimmy ballzy), take your "wish" number and add 4.5%.. thereby making your unit more price competitive, otherwise state 2.5% discount to buyers w/o brokers in your advertisement.

2) for sellers of units above $2.5MM, I'd go 4%, 1.5% to seller and 2.5% for buyer's broker.

3) for sellers of units above $5MM, I'd go 3% .... 1% to seller and 2% to buyer's broker.

Good luck on your sales, and please video-tape the reaction of the assembled "professional" brokers out there.

Final note, I believe there is a belief that some brokers welcome this market correction and wish it would go back to the same old same old, the "more experienced" brokers would like to eat their own and get rid of the riff raff... well here is your chance to shine new minnows in the NYC RE market... when a seller does this beauty contest, like an Oligopoly the major firms won't budge.. (for awhile at least).... but I guarantee you the back-stabbing nature of the business and the current hunger pangs will bring out the "best/worst" in them... happy sales to you! Good luck, and no 2004 prices will just prolong the agony.

Hugs and kisses to my brokers!

w67thstreet
about 8 weeks ago
I just took a dump. Yes now there is some content on this thread! Go metamucil!

http://streeteasy.com/nyc/talk/discussion/22013-dont-you-get-the-feeling-that-this-fall-

http://streeteasy.com/nyc/talk/discussion/22928

Apology accepted.