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>> Realtors are paid on commission which means that they want to transact high and immediately This is either naive or disingenuous. Do the math; realtors want

>> Realtors are paid on commission which means that they want to transact high and immediately This is either naive or disingenuous. Do the math; realtors want to close fast but don't really care about the price the way the buyers and sellers do. The commission difference on a significant gap is not worth losing the deal.

thinkmorebetter 2y ago
Also, a huge percentage of deal volume comes from referrals. Successful realtors don't become so without thinking long-term.
- greenfish6 2y ago
  Realtors still spend the majority of their time working on marketing themselves as opposed to servicing clients. "Referrals" is disingenuous because realtors spend so much time reminding clients of themselves - would this referral have occurred without that?
  - thinkmorebetter 2y ago
    This seems like a strangely cynical or naive perspective that just reinforces the anti-realtor messaging you think is injected by commenters. >50% of buyer agents are engaged through either referrals or repeat business. Are you not intending to use referrals as a customer acquisition channel?
greenfish6 2y ago
The math is that if the buyer Realtor convinces their buyer to bid a higher $, then they increase the probability that the buyer will get their bid accepted quickly. My own realtor convinced me to bid a price that the seller accepted in 30 minutes for my home - immediately == high.
poulsbohemian 2y ago
>The commission difference on a significant gap is not worth losing the deal. You get it better than the parent commenter... just this morning on a deal the other agent and I each agreed to chip in a bit to keep the deal together, even though the actual commission we will each receive is borderline not worth the effort. Real estate is a relationship business. We take care of clients they will come back and they will refer their friends. Yes deal flow is important, but just transacting high and fast is a good way to burn out both yourself and your clients.

thinkmorebetter 2y ago

Also, a huge percentage of deal volume comes from referrals. Successful realtors don't become so without thinking long-term.

greenfish6 2y ago
Realtors still spend the majority of their time working on marketing themselves as opposed to servicing clients. "Referrals" is disingenuous because realtors spend so much time reminding clients of themselves - would this referral have occurred without that?
- thinkmorebetter 2y ago
  This seems like a strangely cynical or naive perspective that just reinforces the anti-realtor messaging you think is injected by commenters. >50% of buyer agents are engaged through either referrals or repeat business. Are you not intending to use referrals as a customer acquisition channel?

greenfish6 2y ago

The math is that if the buyer Realtor convinces their buyer to bid a higher $, then they increase the probability that the buyer will get their bid accepted quickly. My own realtor convinced me to bid a price that the seller accepted in 30 minutes for my home - immediately == high.

poulsbohemian 2y ago

>The commission difference on a significant gap is not worth losing the deal. You get it better than the parent commenter... just this morning on a deal the other agent and I each agreed to chip in a bit to keep the deal together, even though the actual commission we will each receive is borderline not worth the effort. Real estate is a relationship business. We take care of clients they will come back and they will refer their friends. Yes deal flow is important, but just transacting high and fast is a good way to burn out both yourself and your clients.