I absolutely love being a realtor and representing people in one of the most important investments of their lives. A real estate transaction usually takes about a month to complete. It is simply not a situation of write the contract, sit back on our haunches and wait for all the green dough to come swimming in! There are timelines and tasks and even more negotiating in the case of an inspection. A realtor is tasked with the responsibility of looking out for their client's best interests and most of us are worth the commission that is paid. We are trained professionals and take our work seriously. It also is an occupation with a high turn around. It is not for the faint of heart, or one who doesn't realize the value of money or the value of a relationship. Those not dedicated to their profession usually fall out within a year. I've come to realize that many people think we are paid a salary. We are not. If we do not take a transaction to closing, we do not get paid. Not even if we're close. When the seller pays a commission, that fee is paid at closing. He doesn't dole it out to the realtor as he needs it for advertising and the such. Nope. Only pays for results. It's one of the reasons we deserve that fee. I hope you forgive me for the little tongue in cheek comparision of our profession to most other occupations. I certainly am not whining. I could easily go back to working in escrow but I'll tell you one of the reasons I don't. It's the relationship. There's a challenge finding a home that works for a client and there is not much more satisfaction than when my clients say to me, "This is the one. This is the home I want to live in."
Many People
Realtors
Paid
Hourly or Salary
Commission
Frequency
Regularly either every 2 weeks or monthly
ONLY upon closing
Paid Vacation?
Yes
No
Paid Sick Leave?
Yes
No
Paid Sat/Sun/Holiday?
Overtime
LOL (in our dreams)
Paid for expenses?
Usually
No way
Gas?
Usually some kind of compensation
Nope
Share your fees with boss?
In their dreams!
Absolutely one way or another
Get paid regardless of outcome?
If you worked it, they're paying you!
Blood, sweat, tears, gas, expenses...all down the tubes unless there is a SALE!
