Quote:
Originally Posted by DemolitionCat
So they're desperate enough to start sucking it up? That's good to hear, but what is the actual work worth even 2k in the first place? Hardly. Find a garbage man willing to download some forms and put up an ad on Craigslist and save yourself the additional $36k
|
It is really up to each individual Realtor how they want to structure their commission fees. They have the option of working for a brokerage that offers a lower commission fee structure, or working within their own brokerage rules and revising how they structure their commission fees to deviate from the standard 7%/1st hundred thousand, 3%/balance of sale price.
It was my own personal decision to work for a brokerage that offers a discount in the commission fees when I first started in this business. What happens on most deals I do is I end up taking a huge pay cut and leaving the cooperating agent with his full share of commission (on homes I list).
Some Realtors out there do like to criticize discount brokerages and I have heard many say "Discount Brokerages=Discount Quality" - Which couldnt be farther from the truth.
When I see or hear comments like that, I can kind of commiserate with Demolition Cat and see why he percieves the industry the way he does.
However, I digress, I dont think Demolition Cat truly realizes the work involved in listing a house, or the work involved being a buyer's agent.
It is alot harder than you think. Prior to entering the industry I thought it was easy too! However you never know until you are immersed in it and working around the clock and still not getting paid for your efforts!
If you think Commission Fees are too high, than vote with your wallet and use a Realtor that operates on a different commission fee model, or try and negotiate the commission fee with a Realtor or you have the option of using welist.com and doing everything yourself.
Or better yet, put your house for sale on kijiji and see how many flakes and tire kickers you attract.
The fact that most of the homes out there are still listed by Realtors (Full Commission brokerages) leads me to believe the vast majority of sellers out there still believe Realtors add value and are not over-paid for their efforts.
The bottom line is, all Realtors should not be lumped into one group. There are 5,500 Real Estate agents in the City of Calgary, theres bound to be some good ones in there
