Yes Fox Business Realtors Really Do Deserve Their Commission
Fox Business aired an interview that can be seen at tinyurl.com/ct9mst asking whether realtors owe anything to those hit by housing and should they make a fee or the same fee on homes sold in foreclosure or in a short sale that they or another realtor had only sold a few years ago during the housing bubble?
While the question elicited many angry comments by agents all over the country one must realize that this is merely a reflection of the general attitude of the public towards Realtors and brokers in general.Since real estate is such a large purchase for most people it seems that the natural view of those who charge for their services in finding and purchasing a home is one of suspicion.
These people see a Realtor charging a fairly large sum for their services.Sometimes this payment is very large from thousands to hundreds of thousands of dollars.So these people figure these Realtors must be making the big bucks.It seems especially galling when the real estate market is in the straits that its in making anyone earning money off of it seem like the very worst of vultures.
Yes Realtors do earn lump sums and some of them are very high.However out of this must come overhead for their business housing food and the proper care and equipping of their dependents.It is not just laughing all the way to the bank.And yes Realtors have to pay taxes on their income too.
If it snows and you shovel someones driveway for 10 does it make any sense that you should charge 5 the next time simply because its the same driveway?Dont you deserve some compensation for the work that you did?Just because you shoveled the driveway yesterday last week last year doesnt mean you dont deserve the same level of compensation.
Realtors dont get paid for selling houses or buying houses.They get paid for the time they spend searching for houses to fit their clients needs or finding buyers for their clients properties.They get paid for the hours they put in doing the paperwork that must accompany a real estate transaction.They dont get compensated for the time they spend on their cell or the Internet or in their car; that must come out of their pockets and hopefully be recompensed by their commission.
Fox Business is not featuring the right question.Its ridiculous to think that someone should work for free or reduced pay simply because they helped someone buy or sell a property several times.It would make more sense for Fox to ask Why are we blaming Realtors for the housing crisis when they werent the ones doing the lending or the buying?
About the writer: Search for the perfect Austin real estate at NewHomesMarketCenter.com. Explore all the neighborhoods of Central Austin including Bouldin Creek homes.
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