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by astura 529 days ago
>A good realtor has knowledge of current values in the local market, issues to look for throughout the transaction, which services will be needed and who can be trusted to provide those services.

Even if a "good" Realtor actually knows these things (and they don't, even though most think they do), you can't trust anything they say because they have misaligned incentives from you. So what service am I paying for, again?

And if only .001% of Realtors are "good", what does it even matter? You're not likely to be able to find a "good" one anyway. And if I do how do I verify they are "good?" You can't. And you straight up can't change your mind about who you are working with midway through the process, you sign a contract.

If I want home buying/selling services I should be able to pay a fixed fee (either per service or per hour) and get those services on the open market (and pay for them even if I don't close). Them demanding 6% of the value of my house is straight criminal. As is, the buyers agent works for the seller, because that's who is paying them.

>My understanding is that licensing the has since tightened

You're wrong. Even if they have tightened, any dingus can still get a real estate license.

Real estate agents are the house version of used car salesman.

2 comments

Incentives should be aligned because you will use that agent again if they do a good job for you. Not all realize this, but repeat moves (every 5-10 years) and referrals are how good agents make their money and both mean that they need to be trustworthy.
> And you straight up can't change your mind about who you are working with midway through the process, you sign a contract.

You don't have to, those contracts are optional. They will threaten to not represent you, but if you are a well qualified buyer, this is something you can force without much risk.

The more well qualified buyers refuse, the more normalized working for clients without contracts will be