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Date: May. 7, 2007
Tags: None
The current attack on Realtors came from the Sunday papers. (Just a note, one of the few groups to still advertise in the local paper are Realtors, yet we are constantly vilified in the press) A series of articles counseled that to be a savvy consumer is to negotiate hard on every point and dollar of realtor commission since the Agent is clearly undeserving of any compensation what so ever.
Oh yes. We certainly don’t deserve compensation for four months of work on your behalf. We certainly have a magic way of paying for our own insurance (cheapest is about $800/month), fronting cash for all the advertising fees, not compensation for car insurance and gas, upfront payment of fees and memberships, nope.
But I’ve noticed the same group being “hard” on commissions and negotiating everything in a sale are the same employees who picket a company when the annual raise isn’t big enough, or when insurance co-pay inches up to five dollars per doctor visit. The same people who are negotiators in a real estate transaction, squeezing the realtor for every dollar he or she may earn, then protest that their retirement at 90 percent pay isn’t enough. Realtor’s have no retirement, no pension and high co-pays for the ulcers we get dealing with the entitled working class.
Are you angry with the shoe sales person for earning a commission? Are you angry with the state government that willingly changes the requirements for education in order for another text book lobby to sell new (slightly different) textbooks? No, you think a couple of thousand for the privilege of working with wonderful you should be compensation enough. It’s not.
And, let’s discuss a recent article in the San Francisco Chronicle that stated it’s okay to pay a high commission to a realtor when the market is good, but when it’s bad, don’t pay them, make them work for nothing.
Just because you’ve come this far – here’s a hint. It takes more money and effort to sell a house in a buyer’s market. When all it takes is placing a sign outside your house to generate multiple offers, I’ll consider a reduction in commission.
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