HousingPANIC Stupid Question of the Day

Would you use a realtor if they worked for an hourly wage, versus trying to steal your money by taking a percentage of the sale?

If so, how much per hour do you think their work is worth? (you know, unlocking those lock boxes, printing things off the internet, pointing out the granite countertops...)

Open Thread: Have you ever bought or sold a home without a REALTOR? Tell us about the process here

Since REALTORS are dinosaurs, never to be trusted or used again, this thread is about For Sale By Owner, Zillow, real estate lawyers, google, craigslist, discounters, getting your home on the MLS for cheap, Redfin, buying foreclosures, and anything else regarding buying or selling a home without the six percenters.

Never again Americans. 6% REALTORS and the NAR are toast.

Oh, man, this won't be fun at NAR HQ. 60 Minutes report tonight "6 Percent". Goodbye realtor profession. Goodbye 6%.

Someone please record this in the US and post to youtube or dailymotion and I'll post here.

You can watch Leslie Stahl's reporter's notebook now - I guess the report is going to be on the 6 percenters vs. the discount and online brokers (like Redfin)

"The commission is a fraction of what the traditional agent charges"

Lots of blah blah blah coming from the six percenters, and probably the NAR spinmeisters.

Now I wish 60 minutes would do a show on the housing crash, mortgage brokers, the corrupted Congress, mortgage fraud, bogus appraisals, CDO's and the rest of the mess. But hey, it's a start - the six percenters and the laughably incompetent NAR are the low hanging fruit.

Six Percent

Realtors’ sacrosanct commission rate of 6 percent may be in jeopardy due to emerging online competition from Internet real estate sellers and buyers. Lesley Stahl reports

Ladies and gentlemen, as predicted, I give you Google Housing (Beta)

Oh, man, is this could change the world... My only question for Google is what the hell is taking so long? Could this be more in their sweet spot?

Goodbye ramen eating real estate clerks. Goodbye zillow.com (who Google will buy anyway) . Goodbye Century 21. Goodbye "Mega-Producer" Russ Shaw. Goodbye Re/Max. Goodbye 6%. Goodbye MLS.

And hello Google Housing!

Hello REALTOR disintermediation. Hello efficiency. And hello world - Google Housing will destroy realtors and estate agents around the globe (finally!)

Note - this is only a beta - but should give you a sense of what's to come. Want a tip? Don't be against Google.