this post was submitted on 01 Jul 2024
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3% (as customary is 6%, split evenly to each realtor) of 485100 is about 15k
So a few hours of emails and phone calls is somehow $15k worth of work?
They probably had 50 other clients also during that time. Some of them pan out and is the 15k payday. Ultimately they only need to sell (or buy) like 10 houses a year to make a better living than you likely have. Less than 1 a month.
Do you think a house gets sold every day, or that everyone ends up buying? Or that they even get that $15k as take home?
The industry around home sales is absolutely gross, but the broker is taking a cut here. Not all real estate agents are brokers, in fact most are not. On average, most agents are making as little as $60k/yr and as high as $100k/year, region dependant. Average is going to be around $85k. Above that $100k mark is the top quartile, and above $130k-ish is going to be the top 10%.
It's not as lucrative as you think it is.
Please point me to where I said "every day". Pretty sure I said "less than 1 a month". Far from "every day".
Uh...
Never said take home either. But if I make 1 sale a month... and I get 15k out of that sale... and after everything is done, walk away with HALF... 7.5*12 = 90k... That's STILL MORE THAN MOST PEOPLE. My point has literally not even close to changed.
And? If your pulling those numbers from BLS or similar sources... You're missing the fact that all of these realtors work under LLCs and that the 60-100k is take home. Which ignores that the LLC owns the car they drive, the cell they use, the miles they drive, etc... My own LLC does the same thing. I take home 80k, my company pulls in 160k, but a good chunk goes to operating costs and the rest sits in the company to grow it(or if contracts dry up, the continue operating until I can obtain new ones). They're doing the same shit. They have access to the added funds.
Duh? Those that make more than one sale a month! Almost like I already addressed this.
It's exactly as lucrative as I think it is. And all your "Arguments" to change my opinion fall flat at best. Show me realtors who only make 1% or less per home they sell (keep in mind that this is still "JUST" $4,951 per home on average) and I'll shut the fuck up. Until then you're wrong. And if you're going to tell me that I've said something I didn't say again... I'm just going to block you.
And BTW...
https://www.homelight.com/blog/how-many-homes-does-a-realtor-sell-a-year/
So my "One sale a month" was dead on accurate.
And it also turns out in that same link... the BLS data would be severely tainted by one simple fact...
Clearly, you should be in real estate immediately. It's obviously super easy, and with your math that's super accurate and in no way an understanding far separate from reality, clearly you'll be a multi-millionaire within a few short months.
Good luck!
Ah yes, you misrepresent a bunch of shit that I said.. I call it out... and even back most of it with evidence. You turn into a child and run away. Congrats!
Mine didn’t get anywhere near that much and I think she earned every penny of it.
I tried to go at it without one at first and I know exactly how hard that was, I have no doubt that she earned every penny of what she got.
Also is it illegal to tip a realtor or mortgage loan officer?
Because they both refused the money I tried to tip them very quickly and firmly.
In some states it's illegal and in some others just highly discouraged to tip your realtor. A top to your mortgage loan officer would probably look like a bribe. Not sure outside the US though.
That’s understandable but a shame at the same time.
They both worked really hard for me, so far as them being the ones to text me after 5 about something
Why would you tip your realtor or loan officer?
Because they both did a kick ass job for me, to the point of working outside business hours to answer all my questions
They realtor doesn't get all of that $15k. I forget the actual numbers but the company they work for gets a chunk as well as other people. Yes, there is a $15k commission but that's not all going to the agent.