Realtor ranks shrinking - Business

Realtor ranks shrinking - Business

There are 40 comments on the Honolulu Star-Bulletin story from Jan 28, 2009, titled Realtor ranks shrinking - Business. In it, Honolulu Star-Bulletin reports that:

It's tough to make the cut as a real estate agent these days. The rank and file of Realtors in the isles are diminishing as the real estate market slows down, and competition gets stiffer.

Join the discussion below, or Read more at Honolulu Star-Bulletin.

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Kaimukirich

Honolulu, HI

#22 Jan 28, 2009
you shoulda slapped some sense into that ungrateful daughter while you were having your 'chat'.

she sounds as bad as the daughter whose mother was kicked out of the nursing home over the holidays.
Fact of the matter

Huntington Beach, CA

#23 Jan 28, 2009
bigfoot wrote:
I'm a small business owner and was looking for a commercial real estate. The realtors I met in Hawaii are totally useless. Half of these realtors are waiting to snare the big fish/high profile tenants and ignores anyone else. The other half just want to unload obviously **** properties at high prices to collect their commission from the landlord or seller. Thank God for the recession!
As I had mentioned a month or so ago, this is a similar situation that I had encountered in the commercial rental arena in Honolulu awhile back after developing a business plan for my client. I had targeted the Ward Warehouse area for their business and had spoken with reps from General Growth about a possible location. But they wanted to go with a high profile name so Ben and Jerry ended up opening a location there. Now look what has transpired - Ben and Jerry is closing that location and General Growth has their own share of problems. I don't wish General Growth any ill feelings but I am waiting for the big hammer to drop on them soon. Just a note to Gen Growth - my client would still be going strong today if they had a location there!!!! And you can take that to the bank!!!!!
Fact of the matter

Huntington Beach, CA

#24 Jan 28, 2009
Kaimukirich wrote:
you shoulda slapped some sense into that ungrateful daughter while you were having your 'chat'.
she sounds as bad as the daughter whose mother was kicked out of the nursing home over the holidays.
The trouble with the Generation Y folks today is that they live in a "Me Only" generation. It is always about "me only"!! Not all of them, but a darn good number of them.
Geewhiz

Honolulu, HI

#25 Jan 28, 2009
Wow what horror stories...on a bright note at least my realtor was able to knock off 1% commission from the sale of my condo for a $150k profit =) in 2007.
I actually have to thank American Savings though for turning me down for a equityline increase to finance another property purchase. That forced me to sell my condo in 2007 instead of 2008....
Lesson learned is its about timing and a good realtor to sell your property at your interest not theirs.
rico

Lihue, HI

#26 Jan 29, 2009
i was listening to the rick hamada show this morning. richard crichio from help u sell was on as usual. rick hamada said, "i've got this list in front of me. a page and a half of sales between decenber 27 and january 27?? wow! people are buyin!"

rick hamada is ignorant. he doesn't know asses from elbows when it comes to oahu real estate. that page and a half he was referring to used to be three and a half pages two years ago. i was expecting a seasoned realtor like richard crichio to correct rick hamada and say, "people are not buying." but did he??? no. that ignorant realtor said, "thank you!!!"

jan 2008 there were 228 single family home sales. sales will be about 115 single family homes this jan. that means sales will fall about 50%!!!! that would be the biggest year to year drop (ever???)

and median price will fall 9% year to year to about $550k for $600 a year ago.

if january 2009 is the start of it, i hate to see what the rest of the year will look like. good luck realtors!

rick hamada and richard crichio... two clowns
It is not the company

Honolulu, HI

#27 Jan 29, 2009
former potential buyer wrote:
In mid 2008, I was interested in making an investment in Honolulu for a single family home. The real estate company that I had contacted was Prudential Locations. The agent that had worked with me at that time was offering just about everything to get me to fly there - including a few things that can't be mentioned here. The agent told me that buying a home in Honolulu was the best deal going because prices will always be stable. Even for loan purpose, the agent told me that although they mainly use Wells Fargo, she could get me a better rate with other folks she knows on the island. I asked her why is it that they would normally use Wells Fargo and she said that Wells Fargo was a heavy backer of Prudential. It was a non stop push for my business and telling me how a purchase by me would help her tremendously with her special need child. Anyway, I just felt that Prudential Locations sounded more like a used car sales organization and that really turned me off from dealing with them. I ended up going with an independent who did a whole slew of research and presented it to me to decide.
I agree. It is not the Company. It's the agent. There is too much hype with big real estate companies. I prefer independent agents with lots of years of experience under their belt.

Since: Sep 08

Pampanga, Philippines

#28 Jan 29, 2009
Let's break it down Average price of a home on Oahu is $600,000.00 at 6% is $36,000.00 So with a little reserch and some leg work you put that money in your pocket. Or you can just give it to the realtor and his family for sitting in your home on Sunday for 4 to 5 hours and drinking coke while you go shopping and spend money that you don't have. PS Sell it yourself I did it's easy. GOOD LUCK
Gwen

Lakewood, CA

#29 Jan 29, 2009
Kaimukirich wrote:
you shoulda slapped some sense into that ungrateful daughter while you were having your 'chat'.
she sounds as bad as the daughter whose mother was kicked out of the nursing home over the holidays.
Wanted to, but some folks they move to the mainland and have busy lives there are forget they have parents. No worries we include her in all of our holidays and get togethers. She has the most fun, when my husband treats her to go with them to a Warriors game at Aloha Stadium. She lives on a fixed income, so of course we feel very sorry for her.
For Christmas, the daughter sends her a box of See's candy, WTF? And her son sent her a bathrobe, wow, that was her big Christmas gift. Hell she considers her son, her Grandson. We will be taking her to the mainland for his graduation this June. We called her daughter to see if they have time for her since they live in Pasadena, they were going to try to "carve out some time" to have dinner with her. What a family!
Gwen

Lakewood, CA

#30 Jan 29, 2009
It is not the company wrote:
<quoted text>
I agree. It is not the Company. It's the agent. There is too much hype with big real estate companies. I prefer independent agents with lots of years of experience under their belt.
I think agents are paying airfares and putting folks up in hotels to get the mainland money here. Hell we do not want then here. All they do is complain and try to change things.
roflmao

Paia, HI

#31 Jan 29, 2009
Realtors are just the fancy version of the used-car salesman... just looks at the ads that post their photos like some kind of high school club. I bet most are now working sears, macys, or nordstrom.
Kaimukirich

Honolulu, HI

#32 Jan 29, 2009
Gwen wrote:
<quoted text>
Wanted to, but some folks they move to the mainland and have busy lives there are forget they have parents. No worries we include her in all of our holidays and get togethers. She has the most fun, when my husband treats her to go with them to a Warriors game at Aloha Stadium. She lives on a fixed income, so of course we feel very sorry for her.
For Christmas, the daughter sends her a box of See's candy,****? And her son sent her a bathrobe, wow, that was her big Christmas gift. Hell she considers her son, her Grandson. We will be taking her to the mainland for his graduation this June. We called her daughter to see if they have time for her since they live in Pasadena, they were going to try to "carve out some time" to have dinner with her. What a family!
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you comin' home son?
I don't know when, but we'll get together then son,
You know we'll have a good time then
Gwen

Lakewood, CA

#33 Jan 29, 2009
Kaimukirich wrote:
<quoted text>
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you comin' home son?
I don't know when, but we'll get together then son,
You know we'll have a good time then
I know I thought the same thing too. So sad but I bet they can not wait until she passes away, as they already asked if we would be interested in buying her house. Not kidding. I hope the old lady lives to be 100 to piss her kids off! LOL!
alice

Honolulu, HI

#34 Jan 29, 2009
Many realtors are not committed to the field and leave quickly when things get tough. The true pros hang in there.
Cary Richards

Everett, WA

#35 Jan 29, 2009
Hi everyone,
Cary Richards here in Seattle. I'm happy to say I'm an ex Realtor. I wasn't just one of those part time dabblers either. I successfully sold Residential real estate for over twenty five years and also did some developing. NBC just tonight had a story on the national news about how Seattle had for years been resistant to the real estate slow down, Now However, with the layoffs at Boeing, Starbucks and Microsoft and the overall state unemployment rate going up Plus one of our two newspapers in town that has been publishing since the civil war getting ready to go under,
Bleak is not a strong enough word for it. There are some Realtors who are hanging in there. I applaud them and wish them well. As for me I just found that after 25 years it was just sucking my will to live.
What am I doing your ask, I've started an Internet Marketing business and I'm having the time of my life!
I tell everybody the same thing. If you think this is just a little downturn, think again. Things are going to get a whole lot worse before they get better.
Cary Richards,
The Marketing Mentor Institute.
www.marketinginst.com
homeless

San Diego, CA

#36 Jan 30, 2009
mike wrote:
not all realtor's are bad. a knowledgeable and quality realtor is extremely useful and will save you money and hassle down the road.
Please let us know when you find one!
homeless

San Diego, CA

#37 Jan 30, 2009
roflmao wrote:
Realtors are just the fancy version of the used-car salesman... just looks at the ads that post their photos like some kind of high school club. I bet most are now working sears, macys, or nordstrom.
Hey, this one agency (East Oahu Realty?) had an ad where ALL of them were dolled up babes (almost like advertising for an escort service) with one token guy in the group. Look for East Oahu Escort Services soon.
Ted Nugent Nation

Honolulu, HI

#38 Jan 30, 2009
homeless wrote:
<quoted text>
Hey, this one agency (East Oahu Realty?) had an ad where ALL of them were dolled up babes (almost like advertising for an escort service) with one token guy in the group. Look for East Oahu Escort Services soon.
----------
You're talking about Primary Properties. Hit em' up if you like asian women who try to look/act 15 years younger.
alice

Honolulu, HI

#39 Jan 30, 2009
alice wrote:
Many realtors are not committed to the field and leave quickly when things get tough. The true pros hang in there.
very true
mogulese

Honolulu, HI

#40 Jan 31, 2009
Ted Nugent Nation wrote:
<quoted text>
----------
You're talking about Primary Properties. Hit em' up if you like asian women who try to look/act 15 years younger.
It was worth it, one gave really good bjs for a milf...
Huh

San Diego, CA

#41 May 3, 2009
Ripoff

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