The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (6762)	11/13/2002 10:18:02 PM
From: Doughboy	Read Replies (1) of 306849

"It takes TIME TIME TIME" Hope you don't mind my jumping in on this argument. I usually just lurk on this discussion but I just had to respond to the tripe that a realtor paid by the hour would have unhappy customers. Absolutely not! Let's say you're paying a 6% commission on a $400,000 suburban home. The agent is splitting a commission of $24,000. Assuming we pay the realtor the outrageous sum of $100 per hour (remember, realtors don't even have to college degrees; they just take a test that an idiot could pass with about a week's worth of study). At $100/hr., the realtor would have to spend 120 hours to sell the home. That's three full-time 40-hour work weeks. I'd like you to tell me whether you really believe that a realtor spends anywhere near that time, on average, on a sale. Face it, the real reason that realtors are able to hold the line on the 6% is because of a monopoly on the MLS and the collusion by brokers. Their time is finally coming, and I can't wait until the realtors go the way of travel agents and other dinosaurs.

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