Skip Navigation
StreetEasy Logo

Too many realtors

Started by George
almost 5 years ago
Posts: 1327
Member since: Jul 2017
Discussion about
The US has more realtors than homes for sale. While many "realtors" are part-time, inactive, vacation property managers, or doing only rentals, it is amazing that somehow they still can charge 6% on a sale in such a competitive market. https://www.morningstar.com/news/dow-jones/202103211527/new-realtors-pile-into-hot-housing-market-most-find-it-tough-going
Response by Krolik
almost 5 years ago
Posts: 1370
Member since: Oct 2020

Even more mysteriously, many manage to charge 6% while not adding any value. Other than driving up to the property with a key.

The typical Staten Island or Queens listing agent's answers to any question is one of the "Seller told me so", "Your attorney will figure this out during diligence", and "I don't know". Picks up phone and answers emails sparingly once every few days.

Ignored comment. Unhide
Response by 30yrs_RE_20_in_REO
almost 5 years ago
Posts: 9878
Member since: Mar 2009

Way worse in NYC.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. How much is this apartment worth today?
    25 Comments
  2. Why Are More Millionaires Renting?
    139 Comments
  3. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments
  4. ALDIs coming to Hells Kitchen
    30 Comments
  5. 35 Sutton Place...coming soon
    81 Comments