American style realtor

Tyler119

glasgowdan wrote: »

I suppose you think a free cuddly toy with a happy meal is a generous gift?

Of course she's not doing these extras for free... It's part of the job and bundled into her commission!

That is hardly a comparison and speaks to the intelligence that has been cultivated within you.

It amazing me that people are unwilling to see that there are people in the world who are generous. Perhaps the fact the lady was dealing with a bereaved family meant the balance between being an authentic person and doing business was put into balance. Not so long before we met this lady, her young son had been shot dead.

Still I guess people know more than me.

glasgowdan

Tyler119 wrote: »

That is hardly a comparison and speaks to the intelligence that has been cultivated within you.

It amazing me that people are unwilling to see that there are people in the world who are generous. Perhaps the fact the lady was dealing with a bereaved family meant the balance between being an authentic person and doing business was put into balance. Not so long before we met this lady, her young son had been shot dead.

Still I guess people know more than me.

Nobody is saying she's a cold hearted businesswoman. What's with the personal insults?

It's just that you have a very rosy view of something that's quite normal and she, and others, do the same for all of their clients, hence its part of their job!

sparky130a

Tyler119 wrote: »

https://i.imgflip.com/jrr1s.jpg

Thanks for that.

Tyler119 wrote: »

That is hardly a comparison and speaks to the intelligence that has been cultivated within you.

It amazing me that people are unwilling to see that there are people in the world who are generous. Perhaps the fact the lady was dealing with a bereaved family meant the balance between being an authentic person and doing business was put into balance. Not so long before we met this lady, her young son had been shot dead.

Still I guess people know more than me.

Oh come on. With each post your tale gets more and more ridiculous.

Tyler119

sparky130a wrote: »

Thanks for that.


Oh come on. With each post your tale gets more and more ridiculous.

Sparky I think I'm done trying to converse with you as there appears to be a wall of cynicism and mistrust.....I think Trump wants to rent that wall.

Tyler119

misswoosie wrote: »

You say buyers in the UK are used to not having to pay anything. That's the same in the US if they're only buying. You only pay fees if you're selling. Additionally, more people or going via the DIY routes. We sold 2 homes that way in the US. Cost us $99. We paid another $100 for someone to come and do the photos. We got listed on the MLS (Multiple Listing service-available for every state in the USA) and the major property search sites (zillow etc).
One of the plus points of having a buyers agent,especially if it's your first property purchase in that area/country, is that they set up all the viewings and you can view a lot more houses in a shorter space of time, maybe 5 or 6 in one day.The realtor will also usually know the area inc' schools ,commute times, healthcare etc etc very well. In this scenario that service won't cost you anything. Over here a lot of the people EA have working in their offices aren't qualified and know very little about anything. To add to that they often have people doing viewing who're just paid by the hour.

Thank you for the comment, and it is one I agree with. Our agent only charged a 3% commission with her paying some to the other side and having to pay the attorney firm to carry out the legal work. At the end of the day I questioned if it was worth her time, but she appeared very genuine in her desire to assist a bereaved family.

You are so correct about the realtors knowing everything about the properties they either take on or look at. I've had UK agents call me up and ask me what street the house we were viewing was on. I asked another what the local schools were like and he turned round and actually said, "is there a school close by???". Another Estate Agent charged a fixed fee to sell a house, pretty good deal considering what we asked for the house. First offer comes in a he desperately attempts to get us to accept 30k below the asking price. Stood my ground and was on him every day for viewings, few weeks later got an offer for what we wanted, and what was a fair price.

Pixie5740

Tyler119 wrote: »

Thank you for the comment, and it is one I agree with. Our agent only charged a 3% commission with her paying some to the other side and having to pay the attorney firm to carry out the legal work. At the end of the day I questioned if it was worth her time, but she appeared very genuine in her desire to assist a bereaved family.

You are so correct about the realtors knowing everything about the properties they either take on or look at. I've had UK agents call me up and ask me what street the house we were viewing was on. I asked another what the local schools were like and he turned round and actually said, "is there a school close by???". Another Estate Agent charged a fixed fee to sell a house, pretty good deal considering what we asked for the house. First offer comes in a he desperately attempts to get us to accept 30k below the asking price. Stood my ground and was on him every day for viewings, few weeks later got an offer for what we wanted, and what was a fair price.

Do you think part of that comes from realtors having to be licensed and the licence itself requiring you to have some kind of pre-licence education determined by the state, whereas in England anyone can just wake up one day and decide to become an estate agent without any kind of qualifications or training?

sparky130a

Tyler119 wrote: »

Sparky I think I'm done trying to converse with you as there appears to be a wall of cynicism and mistrust.....I think Trump wants to rent that wall.

Sorry mate, it's a public forum.

So to answer the "question".

No, it won't work here.

Tyler119

Pixie5740 wrote: »

Do you think part of that comes from realtors having to be licensed and the licence itself requiring you to have some kind of pre-licence education determined by the state, whereas in England anyone can just wake up one day and decide to become an estate agent without any kind of qualifications or training?

Yes I think you are right with that sort of thinking. It seems mad that the industry here in the UK goes on with little regulation in terms of having a system where it is guaranteed that Estate Agents have a minimum knowledge required to do the job.

Only 18 months ago I had an estate agent suggest renting out a property for 2 years and then reducing the asking price by the amount of rent paid and then the buyer they knew would need a smaller deposit as LTV would be lower. I pointed out that they would effectively had then been living rent free for 2 years while I paid tax on the income. His answer was, the house is sold eventually which is the main thing. I countered pointing out that he would receive no money until 2 years, which he replied, oh no we would manage the property for you as we don't do let only deals.

Needless to say I went with a different agent and the house was sold in a few months. As I said in a different post, the next agent wanted me to accept an offer of 30k lower than the house was worth. The house next door sold for 20k more than I was asking for. The difference being that they sold with a very recent new kitchen and bathroom.

I'm surprised there is no licensing board as it would generate income for a company and Estate Agents could be struck off for breaching rules.

It irritates me that dealing with an estate agent business usually means I have to deal with most of the office and information is never passed on properly. Being able to deal with a licensed agent would perhaps mean you only had to deal with a single point of contact.

I'm sure there a plenty of better ways though.

sparky130a

Tyler119 wrote: »

Yes I think you are right with that sort of thinking. It seems mad that the industry here in the UK goes on with little regulation in terms of having a system where it is guaranteed that Estate Agents have a minimum knowledge required to do the job.
Finally, we can agree on something..

Only 18 months ago I had an estate agent suggest renting out a property for 2 years and then reducing the asking price by the amount of rent paid and then the buyer they knew would need a smaller deposit as LTV would be lower. I pointed out that they would effectively had then been living rent free for 2 years while I paid tax on the income. His answer was, the house is sold eventually which is the main thing. I countered pointing out that he would receive no money until 2 years, which he replied, oh no we would manage the property for you as we don't do let only deals.

Great aren't they....

Needless to say I went with a different agent and the house was sold in a few months. As I said in a different post, the next agent wanted me to accept an offer of 30k lower than the house was worth. The house next door sold for 20k more than I was asking for. The difference being that they sold with a very recent new kitchen and bathroom.
I don't bloody blame you...

I'm surprised there is no licensing board as it would generate income for a company and Estate Agents could be struck off for breaching rules.
No arguement there...

It irritates me that dealing with an estate agent business usually means I have to deal with most of the office and information is never passed on properly. Being able to deal with a licensed agent would perhaps mean you only had to deal with a single point of contact.
Then you're using the wrong agents...

I'm sure there a plenty of better ways though.

Look, the fundamental point you're missing is regulation costs. And someone has to foot the bill.

And i'm sorry but i maintain your US agent did NOTHING for free. They really didn't.

Tyler119

sparky130a wrote: »

Look, the fundamental point you're missing is regulation costs. And someone has to foot the bill.

Each licensed agent would pay a yearly fee, like a members fee, to stay part of the licensing organisation. The fee could perhaps be somewhere in the region of £100. Add on the initial exam fee etc and each licensed agent could be required to sit an additional exam say every 3 to 5 years to check that they are keeping on top of whatever new regulation comes out.

I agree there would be a cost, but that cost could be reduced by some variant of this sort of idea.

The regulating body would need to be run by others than just ex estate agents as it would likely become self serving to only the industry and not the clients.