07-29-2011, 04:21 PM
And while we're at it, tie both the buyer and seller agent base commission to be a percentage of the median school teacher salary within the district where the sale occurs. That would help too. 
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That was funny!
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07-30-2011, 04:52 AM
I got my license in 1999 on Maui. Never worked so hard for so little in my life. Actually lost hundreds. Lots of hours sitting in an office, no pay. Lots of hours sitting in open houses, no pay. Lots of hours pouring over listings. Studying, CE courses. Ethics, what a joke, courses. Lots of hours showing people around spending my own money, gas, etc... no Pay. 8 months later, broke, went bact to Construction.
One Thing I can always be sure of is that things will never go as expected.
One Thing I can always be sure of is that things will never go as expected.
07-30-2011, 05:52 AM
quote:All my trusted current agents have been with me for 6-7 years, but I let go many agents very quickly during the years, they were gone as soon as I realized their primary motive was their own pocket. BTW, kimo is correct about the "ethics classes" and the "NAR Code of Ethics" they both are a joke. The long-time Chairman of the Ethics Committee of the Kona Board of Realtors (Tom Metz of Triad Management) had three RICO violations, fined more than $10,000 by RICO, and had his license revoked, yet he was the one preaching ethics. Another agent (Robert Ferrari of Ferrari Pacific Realty) also served on the ethics board with checkered RICO past. The "ethics" preached by the various boards and associations in the real estate business is a joke! Aloha, John S. Rabi, GM,PB,ABR,CRB,CM,FHS 888.819.9669 johnrabi@johnrabi.com http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!" (This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
07-30-2011, 07:32 AM
kimo,
You're not alone. I did the exact same scenario in California in the 1980's for eight years! Enjoyed the starving though. Dan
07-30-2011, 03:06 PM
quote:It's probably not very well known, but about 15% of all agents do 85% of the transactions. Most real estate agents don't make much money, and lots of real estate agents actually have full time jobs. Aloha, John S. Rabi, GM,PB,ABR,CRB,CM,FHS 888.819.9669 johnrabi@johnrabi.com http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!" (This is what I think of the Kona Board of Realtors http://KonaBoardOfRealtors.info)
07-31-2011, 04:44 AM
Thanks Guys. That makes me feel better. I did learn a lot about RE Law. Landlord tenant code. Other things that were helpful. All in all I'm glad I did it. It has helped me in my personal Real Estate transactions. Just to know the language was good during the closing process. My Mother is a successful Agent 40 years. It took her many years to actually make money. Now she has a following of investors that only use her. Nice place to be. She always says that the top 10% of realtors do all the transactions. And the top 1% get the all the big commercial sales and big expensive listings...Tough game.
One Thing I can always be sure of is that things will never go as expected.
08-01-2011, 04:25 AM
08-01-2011, 04:47 AM
Realestate agents or brokers, call them what you want. They are all in the business to make money. I recall one of them saying things like "there is no bubble", "this bubble talk is something the media cooked up to scare people" and "land in Puna is still dirt cheap relative to the rest of the island". That was back in 2006 so Caveat Emptor.
08-01-2011, 04:59 AM
been buying houses since he 70's in many states - Hawaii and Florida the most slippery to do business imho - watch your back
it's an island brah |
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