How Realtors Get Paid…You know, don’t you???

You know, don’t you? I mean everyone knows how REALTORS get paid, don’t they? Or, should I say how they don’t get paid? I believe that is one of the things we fail to realize – how would they know?

Most people know that REALTORS are 100% commission, right?

Most people know that if there is No production – No paycheck, right?

Most people know that when there is a $10,000 commission involved in the transaction; that REALTOR doesn’t walk away with $10,000, right?

Most people know that that same $10,000 is split between both Broker offices, right? That leaves $5,000, right? Most people know that that $5,000 is now split between the REALTOR and the Broker at a pre-determined ratio, right?

Most people know that if the REALTOR is a five million dollar producer, they didn’t make $5,000,000, right?

Most people know that if the REALTOR drives you around looking at houses, spends time researching properties for you, etc., and you buy from a REALTOR at an Open House or a For Sale by Owner, your REALTOR did all that work for you for free cause remember – No production – No paycheck, right?

Remember, your REALTOR does this to feed their family not because its fun to look at houses – lots and lots of houses. Your REALTOR works at real estate just as you do at your job. Would you want to work for weeks only to find out your employer decided to pay someone else for your work?

You get it, right?

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Published in: on August 6, 2010 at 1:30 am  Leave a Comment  
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