Quote:
Originally Posted by Winsor_Pilates
There are brokerages that operate like this and do have very high standards of who they take on; continued training requirements, competence standards, annual reviews with each agent, business plans required on application etc.
Then there are others that take on anyone who will apply like you've mentioned.
The odd part is why anyone hires agents from the latter knowing they are with a company with such low standards of conduct and are charging the same commission is the other companies with high standards anyway.
That agent also keeps more of that commission because the higher standard brokerage charge their agents higher splits.
So by hiring the agents from joe shmoe realty, consumers are actually paying that agent more than the professional agencies and getting the lowest standards to boot.
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What is the % range of commissions that go to the brokerage? What other types of fees and expenses are incurred by the realtor.
What needs to be considered in the equation is how much work is put into working with clients that doesn't result in a commission. Our last move, our agent had to go through a four year process of looking and various offers that didn't complete before we finally found something. At one point we had nearly accepted job opportunities in another city and that house search here would have turned into a significant waste of their time and zero commission.
Selling realtor in Calgary is probably less risk, as long as it's with reasonable sellers, as things sell in a good timeframe here. Rare that listings will expire, and there isn't great need to do lots of advertising.