Calgary real estate prospects

[Buster]

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It’s funny how most on here call Realtors idiots but most successful Realtors make at least 5x more than your average Engineer, Geologist, or IT tech.

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This is exactly the point I'm making. If an idiot can make 5x an engineer, then there is by definition an inefficiency in the model that has not yet been exploited. Nobody has figure it out, despite much discussion. But every year I hear about realtors doing less, not more (virtual tours and zooms visits?). So at some point I think the dam will break.

[89coupe]

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This is exactly the point I'm making. If an idiot can make 5x an engineer, then there is by definition an inefficiency in the model that has not yet been exploited. Nobody has figure it out, despite much discussion. But every year I hear about realtors doing less, not more (virtual tours and zooms visits?). So at some point I think the dam will break.

Back to your passive aggressive behaviour.

Why do you assume the Realtor making $500 to a million plus a year is an idiot?

[suntan]

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Who is the “idiot” who hired him?

Hmmmmm

What's your point?

[89coupe]

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What's your point?

Two idiots don’t make a right.

[suntan]

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Two idiots don’t make a right.

So my friend is an idiot?

Please tell me, how the fuck are people supposed to differentiate between good and bad realtors?

Such professionalism too, calling your customers idiots.

You fucks truly are used car salesmen.

[Buster]

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Back to your passive aggressive behaviour.

Why do you assume the Realtor making $500 to a million plus a year is an idiot?

Aren't comp structures for realtors all the same? So an idiot makes the same as a non-idiot for a given volume.

[89coupe]

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So my friend is an idiot?

Please tell me, how the fuck are people supposed to differentiate between good and bad realtors?

Such professionalism too, calling your customers idiots.

You fucks truly are used car salesmen.

I’m sorry, but if I’m hiring someone to handle the biggest transaction of my life, I’m making damn sure they know what they are doing and who is doing it.

It’s called an interview process.

I don’t hire someone without interviewing them and seeing their credentials.

That goes for anything of value in life.

[suntan]

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Aren't comp structures for realtors all the same? So an idiot makes the same as a non-idiot for a given volume.

Some idiot realtors do eventually get weeded out.

Although I consider it mostly a game of luck.

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I’m sorry, but if I’m hiring someone to handle the biggest transaction of my life, I’m making damn sure they know what they are doing and who is doing it.

It’s called an interview process.

I don’t hire someone without interviewing them and seeing their credentials.

That goes for anything of value in life.

So he's still an idiot?

[88CRX]

Will Smith was acting!

[killramos]

Real Estate brokers stem from an antiquated system where there was an inequality of RE information between the general public and the broker community ( union? Whatever you want to call their cool kids club ).

Most of that informational gap evaporated a long time ago, and continues in that direction. The cost of entry to undercut a realtor today is reasonably low.

Buster is correct that this is a market that is ripe to be arb’d downward. It has happened to most other transactional brokers in other sectors. It would be ignorant to claim immunity from this.

As an incumbent of that system, it would behoove you to understand this and your forward plans should focus on cost reduction and/or differentiation as a defensive strategy to protect your margins. Rather than passive aggressive humble brags while you hide your head in the sand which seems to be your preferred method. Hopefully you realize that your candour is obviously off putting, odd for a role that so significantly relies on like ability. Doubling down on this seems like a bad strategy.

This is pretty basic stuff.

[suntan]

The problem is that any cost structure that results in the realtor getting less compensation means that the house will be shown far, far less.

Because Fiduciary Duty(tm)

[Buster]

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The problem is that any cost structure that results in the realtor getting less compensation means that the house will be shown far, far less.

Because Fiduciary Duty(tm)

this is only true if buyers believe that they need a buy-side realtor. Which they don't.

[suntan]

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this is only true if buyers believe that they need a buy-side realtor. Which they don't.

89coupe's getting mad now.

[you&me]

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Real Estate brokers stem from an antiquated system where there was an inequality of RE information between the general public and the broker community ( union? Whatever you want to call their cool kids club ).

Most of that informational gap evaporated a long time ago, and continues in that direction. The cost of entry to undercut a realtor today is reasonably low.

Buster is correct that this is a market that is ripe to be arb’d downward. It has happened to most other transactional brokers in other sectors. It would be ignorant to claim immunity from this.

As an incumbent of that system, it would behoove you to understand this and your forward plans should focus on cost reduction and/or differentiation as a defensive strategy to protect your margins. Rather than passive aggressive humble brags while you hide your head in the sand which seems to be your preferred method. Hopefully you realize that your candour is obviously off putting, odd for a role that so significantly relies on like ability. Doubling down on this seems like a bad strategy.

This is pretty basic stuff.

Really good post.

I'm genuinely curious about the bolded...

[killramos]

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Really good post.

I'm genuinely curious about the bolded...

Go ask an investment bank what their cut has been to sell an energy asset over the past 5 years compared to 10-15 years ago.

Just one example.

[2Legit2Quit]

Not Calgary area but a buddy sent me this listing, the more I look the more I laugh and ask what the fuck

https://www.realtor.ca/real-estate/2...blindman-ridge

Beyond it being dated why the fuck would you want your house like this?

[suntan]

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Really good post.

I'm genuinely curious about the bolded...

Stockbrokers are basically extinct.

Retail stores - those are all brokers.

Cabs. Utterly destroyed due to ride share.

[Buster]

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Really good post.

I'm genuinely curious about the bolded...

There are many examples of disintermediation in the B2C space. (Dell, Apple, amazon etc)

Examples in the C2C space: Uber, kijiji, ebay, etsy, in some ways youtube/instagram/podcasting

[XylathaneGTR]

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Auctions don't need to be expensive.

coupe basically acknowledges that that's basically what he is facilitating. Any time an agent says it "sold for XXXX over list!!!", they are basically acknowledging that the market is establishing the price, and their expertise on the matter of pricing is irrelevant.

Hey, knock it off with your passive-aggressive critiques! 89coupe is the Lebron James of RE.

Edit: I really enjoy how 89coupe interprets a conversation about his profession and the value it brings to society as a personal attack against him, discourse =/= passive aggressive takedowns (granted, he has people like me shitposting and raggin' on him all the time).

[suntan]

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Not Calgary area but a buddy sent me this listing, the more I look the more I laugh and ask what the fuck

https://www.realtor.ca/real-estate/2...blindman-ridge

Beyond it being dated why the fuck would you want your house like this?

This will sell easily. It's not even expensive.