Quote:
Originally Posted by #-3
I've only hire 2 realtors, but my from what I have seen in a hot market like Calgary,
When selling they help but they do not earn their money. I think on my last house if I am vary generous about the amount of time, the sellers agent made about $400/hour. And he gave me a $2000 discount on his services. Even with all their excusses of fees, advertising, customer acquisition cost...... Lawyers after 8 years of schooling charge about 1/2 with all of their overhead and expenses included. High specialized trades people with 4 years of schooling make 1/4 of that. Something is out of whack with that structure, for guys with 6 months of education.
When I purchased houses, I felt like it was closer to $100/hour. Which still seems high but not crazy, but I did not find them particularly helpful. The only real advantage they provided was the MLS listing about a day in advance of them hitting the internet.
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You can't look at it that way for realtors. Sure, for actual work per deal it may seem like they're overpaid, but what you don't see, is how much work they have to do to get clients in the first place. You don't just become a realtor one day, and the next day business is booming.
If realtors were paid by the hour, they'd all be broke, or there would be about 10 of them servicing the whole city. If it's so easy, perhaps you should quit your day job, do the 6 month course and you'll be rich within weeks! Realtors are important, don't discount that fact.