Apr
19
Debunking real estate myths
Posted by 1aubrypa under For Buyers, For Sellers, General Information
Commission: Your agent does not get the full commission. That commission is shared between the 2 companies involved with the sale. Sometimes it is divided by 4 to include 2 brokers and 2 agents.
RE/MAX: each office is independently owned. If there are two RE/MAX offices in your community, one has nothing to do with the other.
Agents attend closings to get their checks: First of all, if that were true, why is that a problem? Secondly we really attend the closing to be there for our client in case something were to come up that needed clarification. The realtor is also requested to sign a verification of commission at some title companies. Your agent is there for YOU.
Realtors work 24/7: we are available 24/7 but we rarely work those kinds of hours. Because we work at our own pace we can take off a couple of hours here, a couple of hours there. We probably all work more than a 40 hour week, especially if we really like what we do, like me. But I do take care of myself with time off.
Good agents are rich: We sometimes have very large commissions….but we sometimes have very low commissions. In most cases the agents pay for signs, lock boxes, ads, internet access, dues and fees to the brokers, office rental and so much more. The net commission reported to Uncle Sam at the end of the year would surprise most people.
Realtors only look out for themselves: Not true. How well we do in the long run is directly related to the service we perform. We have a fiduciary responsibility to our clients and are held to a standard. A large part of our business is done via referrals.Clients that feel their agent acted responsibly in protecting their interests are happy to give their friends that agents name. If you see that an agent is successful, he/she is looking out only for his/her clients.
There are other myths out there but these are the more common ones. Can I debunk your myths about realtors?


For lack of much activity in this market I have decided that open houses are a must. Not only does my seller look upon this activity as another opportunity to sell his home…and any activity at this point in this economy is good, but it keeps me going and puts me in touch with any potential buyer that may be out there!
I am rarely political..but today, I need to stand up and say…good job America. Good job in seeing the virtue and promise of this new President. We have all in the past spoken of the flaws in our political machine. The corruption of the person and their office alike. The waste and spending that goes on in Washington…the selfish, what’s in it for me elected official. How many times have we all voted for someone we really believed in only to be disappointed by their later actions?
Comments (0)