[pmoriarty]

It's been a really long time since I saw that movie, but to my memory only one of them (the successful one) was a scammer.

One scene that stuck in my memory -- SPOILER ALERT -- was when one of the agents, who desperately needed to sell because he hadn't been able to sell in a long time and his job depended on it, finally thought he sold a home to a couple he had spent all this time and effort on, only to find out they have no money and just like talking to agents.

That actually happens. People will just waste a ton of real estate agents' time, with absolutely no intention to buy.

Real estate agents just get constantly jerked around, lied to, and cheated. That's just a fact of life for a real estate agent. I would never in a million years want to be one because of how constantly you get screwed -- and don't even get paid for your effort.

[nrclark]

Isn't it kind of a self-inflicted problem though? As an organization, Realtors guard listings jealously, control access to house viewings, and bind themselves to clients with exclusivity contracts. It shouldn't be surprising their time gets wasted by people who are just window-shopping, because they're essentially standing in front of all the windows.

[pmoriarty]

Maybe it is their fault. In my opinion the entire business model is fucked up. If it was up to me, I'd charge for every single hour of my time, charge for advertising and any other money I spend towards selling the home (or build it in to my hourly fee), and charge a commission on top of that. But from what I understand an agent can't do that because it's against the law.

As for exclusivity contracts: agents don't just impose those on clients. The client can sell the home themselves if they want, it's called "for sale by owner". But if they want an agent to represent them, then yeah, the agent will act as their representative. Why shouldn't an agent get paid for their time when they act as the seller's representative -- even if the house doesn't sell?

It just boggles my mind how much free work agents do.

[nrclark]

Exclusivity contracts are also the norm for buyers.

[pmoriarty]

You don't have to have an agent as a buyer. Real estate listings are easy to come by, and you could just even drive around a neighborhood and stop in to any home with a "for sale" sign yourself.

But if you've hired an agent, why wouldn't you pay for their time?

While you're window shopping, they drive you around (or at least drive to the homes with you in their own car, paying for the car, maintenance, gas and insurance), they give you their advice on the homes and neighborhoods you see, answer questions about the home, about how the sale will go or any other questions you have about real estate, giving you the benefit of their years of experience in the industry.

They take time out of their life to give you rather than being with their families, or with clients who are actually serious about buying.

I honestly don't understand how someone could take all that from others without trying to compensate them for all they've given you.

[kthejoker2]

> It's been a really long time since I saw that movie, but to my memory only one of them was a scammer.

You really need to watch the movie again. Their entire operation is based on high-pressure sales. True hackers.

[pmoriarty]

I'll watch it again, and I'll be the first to admit that there are unscrupulous salespeople of all stripes -- maybe they're even the rule rather than the exception. But there are also honest salespeople who truly want nothing but the best for their clients, who refuse to cheat or lie, and who often get screwed by people who do.

I personally know very well one of these latter types, and just feel really bad for them because of how much shit they have to put up with, how much work they have to do for free, and because it's a really tough business to succeed in if you're honest.