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> I'm just talking about house flipping Realtor here - if you are house flipping, you are in a unique category and not really a member of the general public. Y
by poulsbohemian 3y ago
> I'm just talking about house flipping
Realtor here - if you are house flipping, you are in a unique category and not really a member of the general public. You should either get your real estate license (if you believe you are able and willing to market property yourself) or you should find a dedicated agent partner with whom you have a negotiated rate. But also consider that as an agent, my out of pocket costs to market your example property could easily be $1000, plus my brokerage (assuming I'm affiliated and it isn't my own brokerage) also is taking their 40%+ cut of my commission, so I'm not making nearly as much as you think -- which is why especially on a house priced at the lower end of the spectrum I need to keep my commission % higher.
- neeleshs 3y agoCommissions are fine, they are transaction overheads. This doesn't still justify taking a 40% cut on any upside I have when I upgrade my house. This is not necessarily targeting an individual broker, but the system as it is set up right now, with no real innovations happening.