Radical change in any direction is good news???

[Steve Horrillo]

One result of a bursting RE bubble could be a radical change in
marketing: More streamllined with lower commissions for RE sales
agents. High commissions in the 5-7% range may be justifiable when
"irrational exuberance" drives prices up in a bullish RE market and the
seller has profits to draw from. Actually, many in the mortgage and
real estate business have done very well over the past few years. I'm
talking about the serious, established, professional realtors ... not
the novice part-timers. The idea that a bearish RE market would be good
for realtors is ludicrous. Art

It can't get any worse. You're obviously not a Realtor. What's been
happening is the sheeple hear in the media that the market is "so hot houses
are selling themselves." So they sell it FSBO. For the first time ever
discount brokerage franchises have actually had some success penetrating the
market.

Being that selling is like going "from the frying pan into the fire" most
sellers have been holding, refinancing their appreciation and fixing up the
house as a substitute for selling. Which makes for many more buyers than
sellers. It's easy to find buyer to show houses but good luck finding one
they like and can afford. My best friend has been "an established" realtor
for the past 18 years. Go many awards and top in sales mostly as a buyer's
agent. Her business gradually dwindled from and average 25 closings a year
to 7. She was able to put two kid's though college. The last few years she
barely has been able to pay her own bills. I've trained realtors for the
past year and I'm being told by old-timers it is the worst it's ever been.
--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=
http://BrokerAgentTraining.com http://over100percent.com http://HipFSBO.com
http://eLOWn.com


All the best,

Keter Pardes
(reply to me here I don't read my email)

[Steve Horrillo]

You have been reading too many Newsweek articles - most of
which are written by reporters who don't know what they are talking about.
The rapid rise in real estate prices and media hype has caused numerous
sellers to try it on their own, or go to discount brokers - after all,
every
one knows that full service realtors are greedy.

Why is it that the media (almost) always prints negative or misleading
articles about Realtors? There's a few good one's like the USA Today 2003
article, but for the most part these idiots are leading people to the
slaughter. Meanwhile rather than boycotting the media, Realtors waste their
money advertising in these rags. Is it that sophisticated investors are
doing a heavy amount of press releases to assure the public remains
unprotected? Are the owners of the newspapers (or the owners of the owners)
who are most probably heavily into investment, trying to play these people?
Or are they simply just telling the public what they think will interest
them?
--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=
http://BrokerAgentTraining.com http://over100percent.com http://HipFSBO.com
http://eLOWn.com


All the best,

Keter Pardes
(reply to me here I don't read my email)