Realtors are taking a hit

Oatmeal

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I've went through multiple realtors and still don't have a house. 99% of them use it as a side hustle when it requires way more energy than they're willing to put into it. They just be looking for instant cash outs instead of building relationships. It's a reason why alot of failed/retired sex workers and fake influencers get into it. :martin:
 

CopiousX

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that profession has always been strange. Mystified how some folks do it as their main. too many people are already doing it.
I've never done it myself but it looks like networking. It's commodity work and salesmanship.

If you have a pretty big social circle and you told everybody you were a realtor, then the minute they needed to buy a house or sell a house they probably come straight to you.

This networking is the real selling point. I say it's commodity work because every realtor is basically doing the exact same thing and playing with the exact same listings. So they differentiate theselves by selling their relationship value.
 

⠀X ⠀

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Hasn’t that always been the case? Anyone can become a realtor. Not everyone can get people to list their houses or to come to them to buy one.
 

King Poetic

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A lot of these people just jumped into the business without knowing the ins and outs of the business and its a quick hustle for them

My girl cousin is real good with real estate where she and her husband buy homes, fix them up and sell them for good profit

I went with them one time because they wanted to show me how these people are clueless about real estate and they was right,,, a lot of these chicks couldn’t tell u shyt about the property compared to legit agents
 

ItsPeople

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When I saw a thin line between love and hate I wanted to get into real estate. If I had stuck to it my face would be on the billboards by now. I would have cornered the market.
 

MegaTronBomb!

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Orlando used to have really good content, but once he started volume uploading i checked out.


But unlike the rest of these pandemic profiteers, Realtors were able to hide how bad they were doing with motivational videos and lifestyle content.....if they weren't quietly scamming.
 

skyrunner1

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Realtors have always been a cycle business, its just during covid things boomed soo crazy the fall off was inevitable.. We got up to like 700 agents at one point.. We still have a decent amount of that but much more are struggling or just moved on to next trend honestly, whatever that is today (I guess day trading?) The agents that were there pre pandemic are still doing good but there are 2 markets I see right now forming and going in opposite directions down here in south florida, The really high end stuff (lets say 1 mil+ but 5 mil+ makes more sense) since new year has taken off again (wasnt bad before either) the market for that down here is insane but even tho number wise that can carry a market, transaction wise there are only soo much available. (Around 250 for really high end last year and in first qtr we might be pushing 200 :whoo:)

The regular market needs an adjustment but hasnt really had one and is very stagnant. Last year I had a few rehab projects and having been thru cycle and knowing not to get caught holding ball made adjustment down on all prices to get sold, people are still delusional and dont want to take that 10% haircut to get a deal done and buyers on sideline dont have to move unless favorable to them (which is the right move to me).. I still think that market is 15% over inflated but people smarter than me keep saying prices wont go down so I think we kick the can down road some more in 2026 unfortunately, I dont think I will do any new projects this year unless its a complete no brainer but that means someone else is willing to do it for more maybe to just keep their crew busy.

The biggest issue in that market tho is they sold out to Zillow and now have to eat out of their hands, that industry is essentially on the clock like all other industries basically. Im just tryna stack until the call comes.. :francis:
 

chineebai

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Realtors make like 6% commission to show people houses and list them. If you have a house that is desirable, you can just sell it yourself. Lawyers do 95% of the work anyway.
 

Strapped

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We have too many realtors in the United States & they are wasting money on laws to benefit them . They are the one's pushing states & the feds to restrict corporations from buying properties
 
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