Before I joined the business, I had no idea who was really behind the desk at two of the homes we bought. At the time we bought a condo in an exclusive neighborhood in Bellevue and another single family house in Issaquah, we were asked if we had an agent with us. Many consumers on a regular basis are asked the same question when visiting new construction homes. However, many don’t realize who is sitting behind the desk at those sites manning or rather “working the desk” that many prospective buyers may visit on their way to learning more about the new community. (more…)
So, commissions are a funny thing in the Real Estate business. It’s the reason why there are thousands, if not millions of agents in the business and what makes the business honestly function. Without them, how would you motivate anyone to work 16-20 hour days to literally do what’s needed to find you the home you wish.
The going rate when I was in the business was 3% on both the selling and buying sides. So, a licensed agent (more…)
And they also care about their 5 to 10 other clients. In some cases, they care about 20-30 clients at one time…and let’s not forget their 200 to thousands of past clients and other potential clients they’re marketing to for their daily bread. Agents MUST look out for their own interests because too many people distrust them, find another agent who is just as excited, if not more to earn their business or in many cases think they can do the work of the agent by themselves.
One of the reasons why I got out of the business is because I felt like it was too tough balancing the interests of all clients equally. When a client was trying to buy an $80,000 condo and another one was trying to sell at $950,000 waterfront home…who do you think I would probably end up perking up a little more when the phone calls? I was one of the few out there at the time who tried to give just as much attention to the $80,000 client that I did to the Million dollar client as well. However, to be frank, (more…)