Quote:
Originally Posted by Dan02
Problem is real estate commisions that we have now were setup when housing values were significantly lower and it took some effort on realtors before both buying a selling. It wasn't uncommon for listings to expire and the realtor lose moeny. Now a days it entirely different and the realtors are really trying to cash in.
As someone said for a 500k,its only 11.5k realtor(double if they do both sides), involved in 12 transactions a year, 138k. Keep 60% as read in another thread is 82.8k. The few realtors i know could do that with their eyes closed. I think the commisions definately need to be revisited in the wake of the vast increase in the prices of housing in Calgary.
The last realtor we had was completely worth the money though. Probably took us through close to 50 houses before we found the one we wanted(made a offer on one after about 30 houses but were unsuccessful) and they got just over 8600 for their troubles.
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That's exactly why I want to be an agent. Prices go up, it gets easier to sell and your pay shoots through the roof since it's all % based.