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Why are real estate agents so incompetent
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Date: May 2nd, 2025 6:31 PM Author: Shaky Hairraiser Background Story Business Firm I'm trying to buy a house - i toured it with the seller's agent and emailed her bullet points of my terms. I tell her I'm not represented by a buyers agent so that should be a savings to the seller under the new rules.
She responds the next day and she starts sending me an official "offer" on the state's realtor form. I work with her to check a box that she misses and then after a tremendous amount of back and forth, i sign the "offer."
She then comes back that the seller wants to counter on price. I'm like - wtf is this? I told you the fucking price 40 hours ago - why are we doing all this work if you didn't get a meeting of the minds on the most basic terms.
Then the next day she says the seller is going to go with a different offer.
This is the second time this has happened to me, where there is ZERO attempt by the seller agent to even ask or give me the opportunity to beat the other offer.
It's like these real estate agents think them doing these stupid forms is how they add value, and not trying to negotiate a higher price for their client when there's multiple interested parties.
Also, I'm 90% she never told her client they'd save $50,000 in agent fees by going with my offer. |
Date: May 2nd, 2025 6:35 PM Author: sable ticket booth The kind of people who become real estate agents are the kind of people who are too incompetent to do almost anything else (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899943) |
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Date: May 2nd, 2025 6:37 PM Author: Snowy kitty cat school (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899947) |
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Date: May 2nd, 2025 6:37 PM Author: titillating senate (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899948) |
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Date: May 2nd, 2025 6:52 PM Author: appetizing menage (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899980) |
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Date: May 3rd, 2025 12:13 AM Author: fantasy-prone coiffed jap (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900615) |
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Date: May 2nd, 2025 6:36 PM Author: aromatic lettuce lay we should give them 12% coming and going (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899945) |
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Date: May 2nd, 2025 6:37 PM Author: Snowy kitty cat school (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899949) |
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Date: May 2nd, 2025 6:40 PM Author: Shaky Hairraiser Background Story Business Firm Right - the best case scenario for why i should've paid one of them 3% is that there's a chance the selling agent mightve been friends with my agent and pushed my offer through. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899963) |
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Date: May 2nd, 2025 6:41 PM Author: Snowy kitty cat school (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899965) |
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Date: May 2nd, 2025 6:44 PM Author: contagious hyperventilating dilemma fat ankles sounds like you’re an amateur and went up against a pro and lost
you’re better off finding your own agent and cutting the fees in half than whatever you were trying to do here |
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Date: May 2nd, 2025 6:45 PM Author: Autistic immigrant doctorate for once, this guy has the correct answer. it's like retards have ESP with each other sometimes. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899968) |
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Date: May 2nd, 2025 6:51 PM Author: Stirring plaza CR.
OP isn’t the first person to try and take a run around these agents and lost. They will collude against you. |
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Date: May 2nd, 2025 6:54 PM Author: contagious hyperventilating dilemma fat ankles “I’m a big swinging dick with big monies and therefore I have leverage” is the worst strategy when dealing with proles who have asymmetric information (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899985) |
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Date: May 3rd, 2025 8:01 PM Author: bateful depressive chad (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901952) |
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Date: May 3rd, 2025 4:24 PM Author: mustard haunted graveyard I went around them twice but in both cases they were homes that had been on the market for months and I basically used the lack of buyer agent to make my lowball offers more tenable. And the sellers agents were desperate to move the homes so they played ball. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901661) |
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Date: May 2nd, 2025 11:49 PM Author: Fragrant brilliant site mother THIS. He doesn’t even realize it. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900577) |
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Date: May 2nd, 2025 6:53 PM Author: appetizing menage It's not incompetence as much as it is evilness (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899983) |
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Date: May 2nd, 2025 7:14 PM Author: Seedy Hall People Who Are Hurt It's as much stupid, don't sell them short (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900025) |
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Date: May 2nd, 2025 6:54 PM Author: Floppy sneaky criminal university isnt it 99% women and gays (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899988) |
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Date: May 2nd, 2025 6:57 PM Author: big-titted associate You wouldn't have saved the seller any money iirc. The seller's agent splits the commission with the buyer's agent. In your scenario she'd just keep everything. But she acted against her self-interest because you gave her the ick imo. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48899995) |
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Date: May 2nd, 2025 7:09 PM Author: contagious hyperventilating dilemma fat ankles (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900010) |
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Date: May 2nd, 2025 7:16 PM Author: swollen bearded community account pocket flask what happens if u just contact seller privately (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900027) |
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Date: May 2nd, 2025 7:24 PM Author: contagious hyperventilating dilemma fat ankles seller’s agent has a contract so they get paid anyways
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Date: May 2nd, 2025 8:30 PM Author: Shaky Hairraiser Background Story Business Firm I don't think this is true.
The court ruling says buyer has to pay their own agent - can't come from the seller.
So now buyers are just signing contracts with agents and then the parties stipulate that the seller is paying.
I strongly suspect that they're colluding against people trying to actually change the sysem from the court order from the old system - which they are trying to de facto recreate with contracts and collusion. |
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Date: May 2nd, 2025 10:43 PM Author: big-titted associate I know nothing about this ruling but even if you have to sign some agreement up front it still probably comes out of the seller’s agent’s end at closing. It’s not like you’re expected to “pay” the buyer’s agent tens of thousands of dollars directly in a separate transaction. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900457) |
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Date: May 2nd, 2025 10:58 PM Author: Shaky Hairraiser Background Story Business Firm The new rule is that the seller can't determine the buyer agent commissions anymore - the buyer agent is supposed to agree with the buyer of the commission upfront.
I think you're correct that the end result is still that the settlement statement the seller pays this fee out.
But in my scenario, that line item would be 0. What is happening in practice is that it is still 3% and the seller just pays it.
I'm sure sellers agents don't want to start the precedent of that line item being 0... |
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Date: May 2nd, 2025 11:04 PM Author: big-titted associate The standard is like 6%, either sellers agent keeps it all or buyer and seller split it. For the seller it’s the same impact either way. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900491) |
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Date: May 2nd, 2025 11:12 PM Author: Shaky Hairraiser Background Story Business Firm You're thinking in the same way that the court ruled against (and the realtors are trying to maintain)
You're basically saying, "it doesn't matter if a buyers agent is getting 0% or 3% because the price is fixed" ...which is...price fixing.... |
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Date: May 2nd, 2025 11:36 PM Author: big-titted associate The fee splits are already basically standardized in a given market afaik. The "new court ruling" just forces them to put it in writing up front. it seems extremely inconsequential afaict (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900555) |
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Date: May 3rd, 2025 11:46 AM Author: contagious hyperventilating dilemma fat ankles I think it was always in writing up front. I think the main difference is that now they have to inform both parties explicitly that these fees are not fixed or mandatory, because before many just assumed they couldn’t negotiate them
OP seems pretty dumb ITT because he doesn’t seem to have any idea what the seller had agreed to pay with their agent, but he assumes that they would have “saved” $50k by going with him. he also doesn’t seem to know what the winning bid was or any of the terms |
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Date: May 2nd, 2025 8:32 PM Author: pink clown well curated (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900173) |
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Date: May 3rd, 2025 9:33 AM Author: learning disabled temple cumskin Then the agent should have been extremely motivated to get the deal done here for the double commission, including potentially reducing her commission which makes the outcome better for everyone involved (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900959) |
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Date: May 2nd, 2025 7:33 PM Author: Mind-boggling cobalt center Don't you submit an offer on a form before they can counter? I don't think that you just negotiate a price over the phone back and forth and then write the agreed to price on an offer form, especially if there are multiple bids, because you need the bids documented. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900063) |
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Date: May 2nd, 2025 7:37 PM Author: contagious hyperventilating dilemma fat ankles op literally wrote “I told you the fucking price 40 hours ago” and thinks this is how deals are done (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900074) |
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Date: May 2nd, 2025 7:40 PM Author: Mind-boggling cobalt center If he said that she was probably so stunned at his stupidity that she correctly steered the seller to someone else. I can't believe I'm defending RE agents. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900081) |
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Date: May 2nd, 2025 7:48 PM Author: contagious hyperventilating dilemma fat ankles you only have to see a few “normal” people engage in real estate transactions before you realize that agents would have to be created again even if they all disappeared today
RE makes most people act insane |
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Date: May 2nd, 2025 8:37 PM Author: Shaky Hairraiser Background Story Business Firm This is how deals are done in every other context.
There's literally only 6 toggles on their fucking form. I told her the terms we were willing to do for each toggle.
Why on earth would i need to wait for her to put it in her special REALTOR software for her to tell her client?
Literally here is the system you think makes sense:
"Me - Purchase price is X, depoit is Y, we need this contingency but not that contingency, they can pick the closing date, inspection period is Z days."
Then she goes into her special REALTOR software and spends 2 hours drawing up an "offer" with that, i have to sign it.
Then she goes to her clients and says, "Okay i just got the offer, "Purchase price is X, depoit is Y, we need this contingency but not that contingency, they can pick the closing date, inspection period is Z days."
And then when her client counters, they write up another counter offer that they sign with different terms
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Oh and btw, not only would my way of just negotiating a term sheet of the 5 terms save us hours, it saves the seller $50,000 in realtor fees.... |
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Date: May 3rd, 2025 3:05 AM Author: contagious hyperventilating dilemma fat ankles explain how you think your offer would have saved the seller $50k (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900700) |
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Date: May 2nd, 2025 8:33 PM Author: Shaky Hairraiser Background Story Business Firm "Don't you submit an offer on a form before they can counter? I don't think that you just negotiate a price over the phone back and forth and then write the agreed to price on an offer form, especially if there are multiple bids, because you need the bids documented."
Now you're thinking like a real estate agent.
Why would you NEED to do this inefficient process? Why would you need a "bid documented"?
There's no other contracting process in business as stupid as this one. It's just realtors justifying their existence. |
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Date: May 2nd, 2025 8:41 PM Author: Mind-boggling cobalt center You are bidding on a home that had other bidders. In order for the owner to decide, they have to see the bids. The bids must be written. This is basic stuff.
You apparently approached this thinking that the sellers agent was supposed to negotiate a deal price with you personally on the side and to the exclusion of all the other buyers (who were submitting written bids) and which you had no idea were higher and lower than yours.
Why would the owner just agree to a deal with you and ignore all these other written bids and handicap themselves like that? Why would you expect the agent to just work out a verbal deal with you for a final price when there are other bids to be seen? |
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Date: May 2nd, 2025 10:11 PM Author: Shaky Hairraiser Background Story Business Firm Your scenario isn't applicable here. The house had been on the market 3 weeks.
I get that if they're trying to get multiple bids in by X date.
But also, even in that scenario, why wouldn't the agent go back to the second highest bidder and go - the top bid is Y - do you want to top it?
What's the utility of an agent who is just presenting you with the offers? |
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Date: May 3rd, 2025 9:05 PM Author: passionate alpha tattoo I don't know what the practice is in other places, but I've bought three houses in NY and sold two and I don't think I've ever submitted or seen a written offer (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48902067) |
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Date: May 2nd, 2025 8:44 PM Author: Mind-boggling cobalt center "Why would you need a "bid documented"? "
Because when the sellers agent goes back to one of the buyers and says they have a higher bid (yours or another, it doesnt matter) and now we need everyones last best and final, and someone submits a higher bid and gets the home, they can see the bids to ensure that the seller actually did have those other bids and it wasnt a fraud. |
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Date: May 3rd, 2025 8:07 AM Author: Hateful church Also because people flake on bids at an incredible rate. You need it in writing because people will say all kinds of shit on the phone and it’s not enforceable. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900839) |
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Date: May 3rd, 2025 8:59 PM Author: passionate alpha tattoo You think these "bids" (actually offers) are enforceable? (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48902058) |
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Date: May 2nd, 2025 10:15 PM Author: mahogany zombie-like corner affirmative action real estate agent isnt a "job", its a subsidy program for umc wives (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900396) |
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Date: May 3rd, 2025 8:20 AM Author: Irradiated Bistre Sweet Tailpipe Parlour It’s more like the bimbo wives of prole contractors or the local yokels and village people. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900850) |
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Date: May 3rd, 2025 10:05 AM Author: big-titted associate Some posters just like saying umc. And I doubt people agents can go near Elite RE. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901018) |
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Date: May 3rd, 2025 8:48 AM Author: Snowy kitty cat school (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900891) |
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Date: May 2nd, 2025 11:13 PM Author: Out-of-control locus She never gave them your offer, found someone else who bid less but gave her the full 6% or had their own agent who will return the favor in the future.
So, yea, she’s a total dummy for not following the spirit of the court order. |
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Date: May 2nd, 2025 11:31 PM Author: cerebral peach potus Ur fuckup was "I don't have an agent so that'll save the sellers money" when you should have said "I don't have an agent so I'd like to engage you as dual representation." And of course being an obnoxious jew. Chill whites in rich suburbs are not gonna put up with that megajew nonsense when they have alternatives.
Yes it's all inefficient fraud ... but you can either rage about that on xo while missing out on houses you want or you can accept it as cost of doing business. |
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Date: May 2nd, 2025 11:48 PM Author: Fragrant brilliant site mother She doesn’t respect you because you don’t have a buyers agent (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900575) |
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Date: May 2nd, 2025 11:51 PM Author: Fragrant brilliant site mother Thread DID NOT go as OP expected (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900581) |
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Date: May 3rd, 2025 12:29 AM Author: Shaky Hairraiser Background Story Business Firm No one has articulated 1 thing the real estate agent is supposed to do for $50,000 other than it being an industry grease payment.
She checks boxes on a contract and she fucked that up. |
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Date: May 3rd, 2025 8:38 AM Author: Fragrant brilliant site mother She sold her client’s house to someone who wasn’t you - sounds like she did a great job.
U: homeless |
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Date: May 2nd, 2025 11:56 PM Author: claret ceo den if you aren't poor buying real estate isn't that hard, you just give somebody money for their property and yolo, this is 100% a result of you trying to jew people down because you are stretching (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900592) |
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Date: May 3rd, 2025 7:44 AM Author: pink clown (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900834) |
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Date: May 2nd, 2025 11:57 PM Author: mildly autistic high-end parlor What’s 6% of 6 million (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48900595) |
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Date: May 3rd, 2025 11:07 AM Author: pink clown another jewish number (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901123) |
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Date: May 3rd, 2025 9:39 AM Author: Indecent idea he suggested i always expected real estate agents to be smart, aggressive wheelers and dealers trying to chase dollars.
when i actually had to deal with them i quickly discovered they are lazy morons who check some boxes and mostly care about photo shoots.
if you eventually discover a good one, treat that relationship like gold.
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Date: May 3rd, 2025 10:17 AM Author: contagious hyperventilating dilemma fat ankles 20/80 rule is very much in effect there (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901039) |
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Date: May 3rd, 2025 2:44 PM Author: Fragrant brilliant site mother It’s one of those professions that is 90 percent driven by the business cycle and 10 percent effort. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901539) |
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Date: May 3rd, 2025 2:45 PM Author: marvelous insecure stain it's not that they're incompetent, it's that most of them are scammers/liars/fraudsters. (http://www.autoadmit.com/thread.php?thread_id=5719729&forum_id=2#48901541) |