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Rainmaker
3,403,592
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think they do as well, but they don't know all of the work we actually have to do, they only know what they see.  If they have ever worked in the industry or know someone close that has, they usually know what we have to do.

Nov 21, 2014 10:44 PM
Rainmaker
2,806,095
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes, I think most people do.  I think the biggest reason for this is that they think the agent keeps 100% of that amt and they don't realize there is 50/50 split w/ buying/selling agent as well as a % going to a brokerage.

Also, they don't think throught the risk/reward.  Realtors generally don't get paid until end of transaction (while they need to pay expenses along the way) and if they it doesn't close, they don't make anything.

Most don't get either of these concepts until they are explained.

Nov 21, 2014 08:32 PM
Ambassador
1,297,790
Jason Crouch
Austin Texas Homes, LLC - Austin, TX
Broker - Austin Texas Real Estate (512-796-7653)

Gita Bantwal - I agree wholeheartedly that it's up to us. I do wish there was more information on a national level or some support from NAR on this topic.

Gabe Sanders - You're probably right.  :)

Nov 22, 2014 02:26 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Many consumers have no idea how we get paid. It is upto us to educate them at the initial appointment. 

Nov 22, 2014 01:19 AM
Rainer
279,648
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

That is true of any professional... lol!

Apr 15, 2018 09:26 PM
Rainer
80,093
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

If they think we are over paid they don't understand what we do and the liabilirty we are exposed to when working on a real estate transaction.

Nov 24, 2014 12:25 AM
Rainmaker
1,280,348
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Jason~ What say that yes, most consumers believe we are overpaid. #1 because they don't know exactly what we are doing to earn that paycheck and #2 they don't understand our costs.

Nov 22, 2014 03:23 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think they think we are overpaid when working on their transactions.  I don't think they care about others.  

Nov 22, 2014 02:25 AM
Ambassador
1,297,790
Jason Crouch
Austin Texas Homes, LLC - Austin, TX
Broker - Austin Texas Real Estate (512-796-7653)

Brian England - Good points.  As I mentioned to Debbie, I think it's up to us to educate our clients and potential clients.

Nov 22, 2014 12:14 AM
Ambassador
1,297,790
Jason Crouch
Austin Texas Homes, LLC - Austin, TX
Broker - Austin Texas Real Estate (512-796-7653)

Debbie Gartner - Agreed on all points. It's up to agents and brokers to educate the public. I kinda wish NAR would do more on this as well.

Nov 22, 2014 12:14 AM
Ambassador
5,217,296
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Most people have no idea what it takes to run a business.

Jul 19, 2019 09:53 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I think they think it is a lot of money but have had clients say it was worth it and should be more.

Jul 09, 2018 04:34 PM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not really

May 14, 2018 06:07 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

We are paid for what we work! Overpaid? No way!

Sep 11, 2017 11:08 PM
Rainmaker
6,372,924
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The scammers think that real estate people are rich. The public has us in the same category as used car salespeople. They do not care what we earn. And, the average income for REALTORS is very low.

Nov 26, 2014 07:33 AM