This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Search found 227 matches

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by silverman
Wed Jun 15, 2016 2:22 pm
Forum: Real Estate Talks
Topic: How much to pay realtor?
Replies: 50
Views: 16025

Re: How much to pay realtor?

Then change the commission on them at the 11th hour
You can't change the commission.
You have to pay whatever is posted on MLS the day the home was viewed
by silverman
Sat Jun 11, 2016 3:48 pm
Forum: Real Estate Talks
Topic: How much to pay realtor?
Replies: 50
Views: 16025

Re: How much to pay realtor?

Very useful. So what you're saying/implying is, if a seller wants to save money on commissions, is to offer the full buyers agent fee but get a break on the listing side from you. Right?
by silverman
Sun Mar 27, 2016 1:24 am
Forum: Real Estate Talks
Topic: How much to pay realtor?
Replies: 50
Views: 16025

Re: How much to pay realtor?

Pay her 7% and 2.5%. Buyers agent gets 46.5% of that
No wonder so many realtors drive luxury cars and wear Hermes scarves. :shock:
Hmm... I wonder why 80% of new realtors leave the business after two years
by silverman
Wed Mar 23, 2016 4:42 pm
Forum: Real Estate Talks
Topic: Industry standard for Realtor as a buying agent
Replies: 10
Views: 4550

Re: Industry standard for Realtor as a buying agent

The buyer might be paying the realtor the difference of what they can lowball and the market price.
There is no such thing.It'sillegal.
Is it greed to want to get paid for your work and recover expenses necessary to do your job?
Are you working for free?
by silverman
Wed Mar 23, 2016 12:06 pm
Forum: Real Estate Talks
Topic: Industry standard for Realtor as a buying agent
Replies: 10
Views: 4550

Re: Industry standard for Realtor as a buying agent

He may have a buyers agent contract with them. Most likely he would be charging them 3.22/1.15 approx.
by silverman
Tue Mar 15, 2016 6:24 pm
Forum: Real Estate Talks
Topic: Industry standard for Realtor as a buying agent
Replies: 10
Views: 4550

Re: Industry standard for Realtor as a buying agent

oli, you've got a lot to learn. Normally commissions are paid by the seller NOT the buyer. The realtor here, PV's buyers agent, as thinktom said, will try to negotiate a commission with the sellers, and if PV ends up not buying the house, he will try to list the place. Working with a serious buyer w...
by silverman
Fri Mar 11, 2016 7:36 pm
Forum: Real Estate Talks
Topic: private appraisal vs realtor appraisal
Replies: 16
Views: 7846

Re: private appraisal vs realtor appraisal

My tenant wants to buy my house for appraised value. In your experience, how off are private appraisals vs realtor?
Get 3 CMAs (Comparative Market Analysis) done by 3 realtors and the average is most likely the market value. Sell it for that.
by silverman
Wed Feb 10, 2016 11:37 pm
Forum: Real Estate Talks
Topic: How much is reaonable commission % for house sale in Surrey?
Replies: 4
Views: 3215

Re: How much is reaonable commission % for house sale in Sur

to me a $24,500 commission seems to be outrageous.
Don't forget the commission is divided between the listing agent and the buyers agent (the realtor who brings the buyer).
54% normally goes to the listing realtor ($13,230) and 46% to the buyers agent ($11,270)
by silverman
Sat Jan 09, 2016 6:27 pm
Forum: Real Estate Talks
Topic: TREB vs Competition Bureau on Real Estate Data (sold prices)
Replies: 65
Views: 27866

Re: TREB vs Competition Bureau on Real Estate Data (sold pri

economic barriers to competition.
With 9,000 realtors in the Lower Mainland competing for your business, hundreds of offices from full service & commission to partial service & commission, to flat rate offices, to 1% types brokerages... nope there is no competition at all.
by silverman
Sun Dec 06, 2015 1:22 am
Forum: Real Estate Talks
Topic: TREB vs Competition Bureau on Real Estate Data (sold prices)
Replies: 65
Views: 27866

Re: TREB vs Competition Bureau on Real Estate Data (sold pri

1) Even if the FSBO can save on the listing side of the commissions, Buyers are usually represented by a Realtor (because on the surface, it appears to be "free") so the FSBO will still need to pay the Buyer's agent. Yes the FSBO would still have to pay the buyers agent, but this is not too bad, co...
by silverman
Wed Nov 25, 2015 8:42 pm
Forum: Real Estate Talks
Topic: TREB vs Competition Bureau on Real Estate Data (sold prices)
Replies: 65
Views: 27866

Re: TREB vs Competition Bureau on Real Estate Data (sold pri

oli wrote: $ is $, not sure what you mean. Commissions have a listing portion going to the listing agent, and a selling portion going to the buyers agent. You can negotiate the listing portion all you want, it won't affect the sale for as long as the listing agent is willing to take the listing, but...
by silverman
Fri Nov 20, 2015 3:45 pm
Forum: Real Estate Talks
Topic: TREB vs Competition Bureau on Real Estate Data (sold prices)
Replies: 65
Views: 27866

Re: TREB vs Competition Bureau on Real Estate Data (sold pri

Can Realtors honestly say that the actual # of hours of work they actually put in is worth tens of thousands of dollars? Again, TOTAL amount of work and NOT the duration it spans. Prices are set by supply and demand, not by how much work is put in, unless it is hourly paid work. Besides, realtors a...
by silverman
Fri Nov 20, 2015 3:26 pm
Forum: Real Estate Talks
Topic: Unsolicited offers to buy from realtors
Replies: 8
Views: 6698

Re: Unsolicited offers to buy from realtors

I got a lowball offer of 20% under market value from Kit Matkaluk from VPG Realty. I replied to a form letter he'd scattered throughout the neighbourhood. ... They give me a chuckle. He may be working with potential buyers, it's a possibility, although not a probability. But at 20% less than market...
by silverman
Wed Nov 11, 2015 6:44 pm
Forum: Real Estate Talks
Topic: TREB vs Competition Bureau on Real Estate Data (sold prices)
Replies: 65
Views: 27866

Re: TREB vs Competition Bureau on Real Estate Data (sold pri

No, Austin I totally disagree with you, there is absolutely no obligation to have a site like realtor.ca available to the public. The CREA can take it down tomorrow if they feel like it. No anti-trust laws would have been broken. .. if someone came along and created a monopoly such that the only way...
by silverman
Sat Nov 07, 2015 2:13 pm
Forum: Real Estate Talks
Topic: The crash in oil prices...how is this affecting prices?
Replies: 1
Views: 11921

Re: The crash in oil prices...how is this affecting prices?

Maybe you shouldn't have said... you live in the best place on earth... nobody is going to talk to you.
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