Redundant Posts by Brokers

Useless ticks. They do the work of an average secretary yet expect to be paid like investment bankers. Its all wrong. I can buy $1MM in stock for a $25 commission and I have to pay these bozos $60K. Why not a flat fee that represents a fair mark-up over actual costs and chase all the prospectors out of the wild west RE gold rush?

yes, i've seen alot of firms list the same place plus or minus 10-20k. It's a bit strange but thats nyc for you.

agree with all posters! so why doesn't any politicians try to change the law? do they have ties with these brokerage companies?

>>so why doesn’t any politicians try to change the law?<<

cause they are busy working on world peace!

Well maybe they think it's best to leave it to the free markets. So in this case, another company would come in and offer the same services with a lower commission or maybe a flat fare. Problem is free markets are also susceptible to monopolies so once in a while these cartels need to be broken up.

I'm just a silly ho, waiting for your call! Isn't that enough for you?!

Listen very carefully all of you. We "The Brokers" do the job that you "the paying client" cannot afford to do. Wether is because your too lazy to do the research yourself, or you are too busy or you just don't have the brain.
You "Hired" somebody because Obviously you need somebody. Nobody made you do so, or have they?
And let me ask you something: What do you know, about my job? Would you know where to start? Do you have a clue about the ammount of training that we go through every week to be on top of the market, use the latest tools, be efective with information, be fair according to fair housing laws. Do you have any idea the amount of hours that we spend at the office doing the research for you?

Later we call you with all the info resumed into too lines, to make your life easier, because that's why you hired me. So then you can afford to say "Oh these bozos"

Thank you

Poster above: I believe the original poster was questioning the validity of the percentage paid to brokers. While I don't necessarily agree that the percentage is too high, I do believe that the percentage commission system lends brokers towards only showing or encouraging buyers to purchase more expensive apartments, therein raising their own income at the expense of the buyer.

Hey poster #8, are you retarded? It's two not too... dumbass, with all that education you should be able to put together a coherent sentence without spelling errors. By the way, I am a broker.

I don't blame anyone broker for trying to make the highest commission possible, we have to understand that working on commission isn't exactly a walk in the park unless your one of the city's top brokers. If a broker goes without making a sale for 3 or 4 months, they have no money for anything, it's not pleasant to go without a paycheck for that long and not knowing how much longer it will be until you receive another one, maybe we should all be a tad more sympathetic. But, I am definitely NOT saying you should buy something just so the broker makes money, I really think that broker's should receive some type of regular pay, something like a waiter would earn. Less than minimum wage because of tips. By the way, I am NOT a broker.

If you don't wanna pay 15% to rent, then rent a no-fee apt.
If you don't wanna pay 6% to sell, then don't use a broker. Or use that firm which charges 3% (can't remember their name). I sold my last place on my own, for that reason.
Buyers don't have to pay any of this (although some would argue that it's factored into the offering price). I think it's funny how people act like they're forced to buy/rent a particular place when there's always stuff available, if you look around.

To "broadwayron" and post 8: I don't have a problem with using a broker but I do have a problem when all brokers demand they be paid 15% for buying something I searched on craiglist. Same goes for selling, why does every broker want 6%? Obviously, all the brokers are in cahoots just like the airlines and saudis with the oil.

The truth is you don't need a broker to rent an apartment. You just have to go through a large management company with their own leasing office.

You don't have to use a broker to sell an apartment. However, MANY studies have shown that people who sell their homes "by owner" ultimately get a lower price for their home.

It's your choice. Arm yourself with the facts, learn your options, and do whatever suits you.

"why does every broker want 6%"
Regardless of what they want, they don't always get it. Look at Foxtons (the one I forgot about in the prev post)... they get 3%, from what I've seen in the past.

Foxtons sucks, they provide NO SERVICE besides their crappy website. You have to work your own open houses, take your own pictures, ect. You might as well save that 3% and make your own website for your house that doesn't look like crap!

To that broker, it is very easy to pass and obtain a real estate license. It doesn't take a genius! Even my 7 year old can pass that multiple choice test. As far as training... what training? Some BS! You have the MLS service in your internet access -- oops.. it take 1000 hours to be trained to use it.. yeah right.. as far as housing laws... remember... you are not a lawyer... therefore, it is illegal for your company and you to even express, interpret, or state the housing laws to your clients. I dare you to start interpreting housing laws and see what happens.

As far as marketing, what a BS is that... woo hoo.. you need 100s of hours of training to use the programs. La la la... you will be hearing from you within the next few months as I will try to get city council members to address the unfair practices of brokers. Watch and learn