realestate.com.au outrages price increases
- Thread starter eKwatee
- Start date
Dave, most agents will provide the basic listing on the RE sites for free...as far as I am aware across nth bris prob 70% of them will charge for putting the property up as a feature property and Guaranteed top spot.
the low turn over agencies tend to provide these for free, but high listing agencies won't as the cost becomes prohibitive...remember there is 5 or 6 sites that you property should be on nowadays and all that costs.
the low turn over agencies tend to provide these for free, but high listing agencies won't as the cost becomes prohibitive...remember there is 5 or 6 sites that you property should be on nowadays and all that costs.
all good mate, you just may have been lucky and got a few who paid for all.
as for sites, a good agency will usually run...
re.com
domain.com
myhome.com
agencies own website
franchise group site - as applicable
homehound.com
and any number of minor sites and specialist sites for developments and commercial etc...such as realcommercial, forsite etc.
cheers
as for sites, a good agency will usually run...
re.com
domain.com
myhome.com
agencies own website
franchise group site - as applicable
homehound.com
and any number of minor sites and specialist sites for developments and commercial etc...such as realcommercial, forsite etc.
cheers
And, it's a tax deductible business expense.
Is this provided that the person browsing doesn't specify their own criteria?
eg. Sort by PRICE, 2 BDROOM, 1 CARSPACE.
Which are free as well
In all honesty, how many "serious" house hunters look at anything other than those 2 sites and re.com and domain?
Dave
In terms of work done, in a sellers market the Conveyancer does much more work than the Agent in selling a home. Really, you are paying for a name and network under which you sell your house, and access to the RE internet site. I guess you have to weigh it up as to whether the Name is worth the price you are asked to pay.
I thought it was interesting a few days ago where RE Agents in Adelaide were complaining about how much, because of the increase in the price of homes, stamp duty people were having to pay, and then later, Land Tax. Yet not one squeak that because of those very same factors, their commissions in sales had also risen very nicely.
I thought it was interesting a few days ago where RE Agents in Adelaide were complaining about how much, because of the increase in the price of homes, stamp duty people were having to pay, and then later, Land Tax. Yet not one squeak that because of those very same factors, their commissions in sales had also risen very nicely.
Precisely! You're not paying them purely for their time; you're paying for access to their network, and their expertise. It doesn't matter how few or many open houses they do; you're paying for them to achieve a result.
they're not free...the agency has to pay for them...nothing is free in this world. Most franchises provide for upgrade options on their corporate sites as well - similar to the way re.com does with feature properties etc.
I agree REA & Domain get prob 80-90% of the hits easily, but exposure is exposure...
re Bayview and investor888's remarks - they may be tax deductible business expenses, but you still have to close contracts to get paid commissions to be able to pay for the sites and then claim them back. That piddly 20 dollar increase is big when you apply it to volume sales as it applies to every house put up as a feature property...in a tight market an extra few hundred dollars in expenses per month can really hurt!
Most people forget that commissions that agencies (as opposed to agents) get paid gets split in several directions on every sale - the actual in the pocket earnings on each sale are only a couple of percent of the total commissions. Real Estate overheads are enormous - and particularly in Queensland where commissions are capped to 2.5% of the sale price, the amount to be divided isn't all that much.
The last stats i saw said something like over 80% of sales people in Queensland earn around 30K a year - hardly worth getting out of bed for, especially when you consider the hours and overheads an individual agent has to carry.
$30k = 80%
Says something about the caliber of the agents let loose on the public.
Dave
$30k = 80%
Says something about the caliber of the agents let loose on the public.
Dave
and that, my friend, is something with which I whole heartedly agree!!
you can get a salespersons certificate after completing a two day course in Qld for a couple of hundred dollars...to be fully licensed takes a hell of a lot longer and a couple of grand to do. i don't know the breakdown but i would hazard a guess to say that maybe only 20-30% at most of all agents in qld are fully licensed.
There are changes in the pipeline to make it a lot harder, but we all know how long Captain Bligh takes to do anything and it won't be retrospective.
$30k = 80%
Says something about the caliber of the agents let loose on the public.
Dave
Then why do they all drive BMW cars. I think maybe that $30K has a lot of deductions added, just as in negative gearing.
Nice post.
A sales agent does a lot more than just the work on their current listings, and despite what some people think it is more than just rocking up at the open home and opening a door...
Also there is lots of stuff that you wont see any $$$ for soon or in some cases ever. Putting together market opinions for people who aren't really looking to sell but need it for refinancing, divorce settlements, restructuring etc etc. Doing these can take hours every week with no direct income.
When charging a sales comission that is the agency income.... other things that the agent does not related to that sale are also covered by their comission... not to mention overheads that the agency pays.... franchise fees, office rent, power, computers, phones, cars. Like Urban Cowboy says the agent actually receives a very small percentage.
well that is possibly the biggest generalisation i have seen in ages...
and on this forum there are plenty.I have never owned a BMW or other luxury brand...though a nice 530d would be awesome.
come to think of it - there are very few agents I know driving luxury brands and the ones that I know that do (i have worked nth bris for a fair while and know most of them) are independently wealthy or the business owners - most of us are in small cars to help with petrol bills. lets have a poll!! agents on this forum - how many drive a luxury car versus everyone else here and lets have a look at the %'s.
but to push the issue - so what if they do!!!!!!!!!!!!!!!!! does being an agent preclude you from driving a nice car now for fear of being branded a hypocrite or a shyster...maybe they have forgone some other things in life to get a nice car - of maybe they have just saved for it!!! good heavens no, that wouldn't be right!
how ridiculous...
Well I have seen a number of agents in cars (in SA though) that are much much better than what I can afford and I earn more than $35k. My point is that $35k a year doesn't include lease payments on cars etc. So $35k to someone who is able to write off things like this is much different to Joe Blow on an assembly line.
i take your point pushka...but at 35k per year you're not paying massive amounts of tax anyway so having significant write off's won't help much.
and when you take into account things like clothing (suits) and other required fare that isn't deductible and you are behind the eight ball. At least assembly line person gets clothing and safety equipment provided - we get nothing.
deductions still don't recoup the total cost of the exercise either...you only get part of the costs back. I drove 26,000km last FY - all the deductions in the world will not cover the cost of the car, maintenance, fuel, tyres etc...
thinking deductions solve everything is false economics.
and when you take into account things like clothing (suits) and other required fare that isn't deductible and you are behind the eight ball. At least assembly line person gets clothing and safety equipment provided - we get nothing.
deductions still don't recoup the total cost of the exercise either...you only get part of the costs back. I drove 26,000km last FY - all the deductions in the world will not cover the cost of the car, maintenance, fuel, tyres etc...
thinking deductions solve everything is false economics.
Wow. Don't think I read about the part where your home sold for more than the reserve price? Whinger.
This thread was started to highlight the excessive increases by re.com, I point out that these increases have not been a 1 off, 24 months ago the costs of the "feature property" feature was $60.00 in 24 months this has been increased to $95.00.
The subscription fees and other fees have also increased considerably during this period.
re.com have a virtual monopoly on internet real estate advertising, you have to be on re.com - this is the only site you need to be on - its the biggest - its the best - and its the price agents have to pay.
There are no winners in this, all costs are passed onto the vendors, and in fact re.com provides agents with glossy brochures to give to vendors highlighting the important of having their property with a border around it.
re.com has chosen possibly the worst time to increase the rates.
This thread was started to highlight the excessive increases by re.com, this thread has turned into an opportunity to bash agents.
The subscription fees and other fees have also increased considerably during this period.
re.com have a virtual monopoly on internet real estate advertising, you have to be on re.com - this is the only site you need to be on - its the biggest - its the best - and its the price agents have to pay.
There are no winners in this, all costs are passed onto the vendors, and in fact re.com provides agents with glossy brochures to give to vendors highlighting the important of having their property with a border around it.
re.com has chosen possibly the worst time to increase the rates.
This thread was started to highlight the excessive increases by re.com, this thread has turned into an opportunity to bash agents.
they usually do...
