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Arcanlaw

Advice

  • (5 Contributions,
  • 0 Best Answers,
  • 3 Helpful)

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Commission Sharing from Realtor

Answer

At $10 an hour a $500K sale would put you in at about 1500 hours, or about half a year working full time.At $50 an hour a $500K sale would mean you're putting in 300 hours, or over 37 FULL DAYS of work!!And this is only at 3%.  Find a good rebating agent, don't buy the "we do so much work for you behind the scenes" angle.  BS.

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Commission Sharing from Realtor

Answer

Real estate agents are almost never worth the full commission they charge.  On a $500K house, who in their right mind would give someone with no qualifications besides a simple REA course $15K for a few days of work?  Ridiculous!!  Find a qualified agent that will rebate you some of that commission - more often than not they will even be a better agent as they understand the scam that is standard commission structure in real estate and are willing to work for (more) honest pay.

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Please update incorrect sale price

Response

Thank you for your help, I now see in the list of transactions the correct amount and date (11/2003 for $140k).However, at the top of the page it still shows:Last Sold: August 04 2004 for $124,000Will this get updated at some point?  Also, out of curiosity does the zestimate take last sale amount into consideration?Thanks,John

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Please update incorrect sale price

79 Joanie LaneAmherst, NY 14228Dear sirs - I have emailed zillow about this incorrect transaction three times over the past several months.  This property was last sold on 11/18/2003 for exactly $140k.  The incorrect listing of a sale amount of $124k is negatively affecting our sales efforts.  This information is publicly available at http://www.amherst.ny.us/govt/it/cpi/cpi_basic.asp?mnu_swissbl=1422890271800002001000++++&btn_submit3=Submit+Address   I would appreciate this record being updated to reflect the accurate sale.Thank you very much for your attention to this matter,John

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