Re: your education - Posted by eric-fl
Posted by eric-fl on July 30, 2003 at 15:31:06:
Speaking as one agent to another - it would be nice if we lived in a perfect world and all agents who listed properties at full price also provided full service. You, and I, and most others on this board, also know this rarely happens. What I’ve always told people is, the real thing a real estate agent gets paid for is making the transaction comes together - making sure the deal “gels”. When I do have a buyer, or seller, it’s ME on the phone to the mortgage broker about the underwriting paperwork, it’s me who calls the title company to find out if they’ve gotten back the termite & survey in time, it’s me who goes over every item in the HUD-1 before closing to make sure there are no unpleasant surprises (at least not for my client).
As you can probably surmise, I don’t do much agent representation. Because, providing this of service, on the number of listings that would be required to make a decent (50k+) living at it, is nearly impossible. I can do it on a part-time basis, because I only do a few here or there, and with that little going on, I want to ensure that I get my commission check. Sure, you can hire assistants, but then you need to list even more so they can pay for themselves, and so on. It’s why I still work full time in I.T., even though I hate it - it’s not what I get paid in total, it’s what I get paid per hour worked. Most agents, don’t get paid all that much for each hour they work, AND they also offer shoddy service. Most agents do nothing but place the house in MLS anyway, so many savvy sellers correctly think, “why pay full price?” As someone who’s been both the agent, and the customer of other agents, I have to admit, I see their point.