04/10/2024
Lots of “REALTORS ARE OVERPAID” comments on social media, spawned by recent news. 📰📰📰
Let me give you a job description. How does this job sound to you? ❓❓❓
“Now hiring. Commission only. NO pay guarantees. Average pay around $56,000 per year but half of those hired will make $10,000 per year or less. NO benefits. NO healthcare. NO weekends off. 45 to 65 hour work weeks. Some weeks, or months, with NO pay. Use your own car to drive 100’s of miles per week. NO gas allowance. NO milage reimbursement. You pay for many of your own job tools, your education, extra training and your own association dues. You pay for most marketing. When payday comes, you deal with the IRS on your own taxes.” 🧑💼👩💼👨💼
Sounds like an amazing opportunity, right? Where do I sign up? 😳😬😳
These folks spend hours and hours with lots of home shoppers only to see the final result be “Thanks for all of the time and help but I I’m going to wait until next year.” 🙏🏼🙏🏼🙏🏼
If they are lucky, and do a really great job of follow-up, that buyer may come back next year and not end up using their cousin’s friend’s 4th step-mom, Helen, who just got her real estate license in February. 😬😬😬
Like most lenders, most realtors are on a stressful, endless rollercoaster ride. Up market, down market, up market, down. ⬆️⬇️⬆️
Many stick around because they love the job, the flexibility, and the opportunity to achieve financial freedom in spite of deals slipping out of escrow, buyers getting cold feet two weeks into a deal, home owners deciding they can sell their homes themselves, or having to dip deep into their savings until the next deal closes. 😳😳😳
The very best, like in all professions, can make a really great living but real estate commissions are negotiable. Always have been negotiable. 🤝🤝🤝
If you had a challenging experience, and feel like you overpaid, it’s probably because you didn’t try and negotiate or you didn’t do a great job finding a great agent. 🧑💼👩💼👨💼
Next time you buy, or sell, a house, pick a real estate professional. Interview them. Ask them what services they provide. Then negotiate a fair price for those services… no different than you would your lender, your painter, your attorney, your accountant or any other professional you hire to do a great job for you. 🥳🎉😃
