{"id":1185,"date":"2007-03-21T09:10:18","date_gmt":"2007-03-21T16:10:18","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1185"},"modified":"2007-05-13T19:51:20","modified_gmt":"2007-05-14T02:51:20","slug":"how-to-waste-45-minutes-of-your-life-2","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1185\/how-to-waste-45-minutes-of-your-life-2\/","title":{"rendered":"How to Waste 45 Minutes of Your Life"},"content":{"rendered":"<blockquote><p>Every crazy person that works with us, we go crazy for them.<\/p><\/blockquote>\n<p>I finally got around to listening to the latest installment of the <a href=\"http:\/\/redfin.com\">Glenn Kelman<\/a> show, a video podcast by Robert Scoble (and <a href=\"http:\/\/blog.sellsiusrealestate.com\/redfin-real-estate\/redfin-ready-to-rock-the-real-estate-industry\/2007\/03\/19\/\">posted on Sellsius<\/a>). In all fairness, it wasn&#8217;t a complete waste of my time. I was able to learn or deduce the following important things:<\/p>\n<ul>\n<li>Glenn may have skipped math class. He states that the average agent sells 8 homes in a year, yet &#8220;most (Redfin agents) do that many transactions in a week&#8221;. I seem to recall, and I will be generous here, that he told <a href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1012\">me<\/a> that Redfin has approximately 300 transactions under their belt. I also seem to recall that there are 52 weeks in a year. Simple division; try it yourself.<\/li>\n<li>Glenn cuts &#8220;commission refund checks&#8230; every day&#8221;. I seem to recall that there are 365 days in a year. More importantly, and assuming this wasn&#8217;t a figure of speech, if he is actually cutting checks versus offering a credit in escrow, I must assume that there are a bunch of 1099&#8217;s flying in the direction of the buyers. Given that I am not a tax guy, I could be wrong.<\/li>\n<li>Robert Scoble&#8217;s house was SPECIAL. (No way!!!) As an example of just how special it was, he tells us <em>twice<\/em> that it sold for more than the Zestimate. We are all familiar with the power and the accuracy of the Zestimate, so enough said.<\/li>\n<li>Robert Scoble&#8217;s house sold for what it did only because a family friend represented him. A family friend is naturally more concerned with protecting his interest than, say, a professional agent who is detached and therefore completely objective and who relies on the satisfaction of clients to generate referrals, a solid reputation, and future income.<\/li>\n<li>A Redfin agent will &#8220;negotiate 1% better than another agent&#8221;. We are reminded that this is because the other agent makes more when the buyer pays more. This factoid is not substantiated by Glenn, so let me help. On a $500,000 home sale at 3%, let&#8217;s assume the agent sees 70% of the total commission (after office promo fee <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1185\/how-to-waste-45-minutes-of-your-life-2\/#more-1185\" class=\"more-link\">Read more<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Every crazy person that works with us, we go crazy for them. I finally got around to listening to the latest installment of the Glenn Kelman show, a video podcast by Robert Scoble (and posted on Sellsius). In all fairness, it wasn&#8217;t a complete waste of my time. I was able to learn or deduce [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5,27],"tags":[],"class_list":{"0":"post-1185","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","8":"category-redfincom","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1514,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1514\/refin-discovers-earth-it-was-wetter-than-we-were-expecting\/","url_meta":{"origin":1185,"position":0},"title":"Redfin discovers Earth: &#8220;It was wetter than we were expecting&#8230;&#8221;","author":"Greg Swann","date":"June 6, 2007","format":false,"excerpt":"You just can't make this stuff up. Redfin's Glenn Kelman:At lunch with Cynthia and a local real estate baron, we heard about a new tactic for getting a deal on a property. Rather than offering a lower price, ask the seller to handle closing costs, which can run up to\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11122,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11122\/redfin-coms-glenn-kelman-comes-to-scottsdale-to-beard-the-mls-lion\/","url_meta":{"origin":1185,"position":1},"title":"Redfin.com&#8217;s Glenn Kelman comes to Scottsdale to beard the MLS lion.","author":"Greg Swann","date":"February 1, 2010","format":false,"excerpt":"Redfin.com CEO Glenn Kelman is in Scottsdale today and tomorrow for the MLSCOVE Conference, a gathering of MLS executives from all over the country. Glenn made time for Cathleen and me this morning, buying us breakfast and regaling us with stories of the not-always-smooth path Redfin is traveling. In real\u2026","rel":"","context":"In &quot;Marketing&quot;","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1473,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1473\/could-anything-be-sleazier-than-redfin-ceo-glenn-kelman-how-about-the-tennessee-association-of-realtors\/","url_meta":{"origin":1185,"position":2},"title":"Could anything be sleazier than Redfin CEO Glenn Kelman? How about the Tennessee Association of Realtors?","author":"Greg Swann","date":"May 25, 2007","format":false,"excerpt":"The Tennessee State Legislature is trying to outlaw real estate commission rebates -- guess at whose behest? Little Pink Houses has the dirt. Jonathan Dalton has the dudgeon. Technorati Tags: disintermediation, real estate, real estate marketing, Redfin.com","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1031,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1031\/redfincoms-ceo-glenn-kelman-what-if-the-parasites-had-to-eat-the-parasites\/","url_meta":{"origin":1185,"position":3},"title":"Redfin.com&#8217;s CEO Glenn Kelman: &#8220;What if the parasites had to eat the parasites?&#8221;","author":"Greg Swann","date":"February 10, 2007","format":false,"excerpt":"It's been a Redfin week for us. Kris Berg recorded her podcast with Glenn Kelman last week and I spent much of my spare time this week dealing with it. Allen Butler dealt with the audio quality, and then Cathleen and I went through the recording, pulling out apposite quotes\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18015,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18015\/overnight-news-glenn-kelman-redfins-white-male-ceo-again-pridefully-sides-with-the-forces-who-will-just-as-pridefully-exterminate-his-children\/","url_meta":{"origin":1185,"position":4},"title":"Overnight News: Glenn Kelman, Redfin\u2019s white male CEO, again pridefully sides with the forces who will just as pridefully exterminate his\u00a0children.","author":"Greg Swann","date":"March 31, 2021","format":false,"excerpt":"Continuing his quest to be real estate's leading champion of the forthcoming anti-Ant genocide, Redfin's Glenn Kelman yesterday jumped onto the pandering-to-aggrieved-Asians boxcar bandwagon. As I've pointed out before, racism is a terrible idea for both Asians and Redfin, none of whom have any excuse for their dalliances with bigotry.\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1012,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1012\/podcast-with-redfincom-ceo-glenn-kelman-were-looking-for-nerds-living-in-nice-houses\/","url_meta":{"origin":1185,"position":5},"title":"Podcast with Redfin.com CEO Glenn Kelman: &#8220;We&#8217;re looking for nerds living in nice houses&#8221;","author":"Kris Berg","date":"February 8, 2007","format":false,"excerpt":"Last week I had the pleasure of meeting with Redfin CEO Glenn Kelman and his Senior Communications Director, Cynthia Pang. Let me begin by saying that I waltzed into my local Starbucks anticipating a date with the devil. While I exited no more enamored with their business model, I have\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1185"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}