Realtor® is to Real Estate Agent as Mercedes® is to Car
Johnathan Miller at the Matrix linked to this article last week. The article basically describes the NAR's excuse for why real estate brokers rank last on a poll of most prestigous occupations.
"Recently, some journalists reported results of a Harris poll in which real estate agents were perceived as one of the least prestigious occupations in a list of 23 professions. Too bad they didn’t include Realtors® on the list.
Realtors® are distinct from real estate licensees. In addition to completing mandatory quadrennial Code of Ethics training, Realtors® also have access to educational opportunities and training in real estate specialties that are not available to other licensees. NAR’s Public Awareness Campaign educates consumers about these and other distinctions, and after nine years, the campaign’s effects are evident.
posted by Little_Silvered at 9:01 PM
5 Comments:
In 1997, the 6% commission on the $250,000 house was $15,000. In 2005, the 6% commission on the same house, now $500,000, was $30,000. The skill set and amount of work never changed. The only difference is double the money and that is priceless.
Are they still charging clients 6%? I thought most brokers had lowered their commissions. I have a friend who sold her home last year and the broker only charged her 4%.
Only 4%!
The 4% commission on a $500,000 sale is $20,000. 4% on the $850,000 sale is $34,000.
Explain the differences in skill set and work load to justify the $14,000.
skill set??? All they do is open the front door for you.
Realtor® is to Real Esatate Agent as Incredibly Big Liar is to Liar.
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