The internet is a great source of information, but
regrettably it’s also a major source for misinformation. Lots of
claims about real estate agents can be found bouncing around the less
scrupulous sites, but what is true, and what isn’t? Plenty of
realtors make occasional mistakes, but often no successful realtor
will jeopardize their reputation by lying to a client or breaking the
As an experienced realtor
in Tallahassee Fl, a realtors reputation is worth more than any
commission, but there’s an even more important point: the feeling
one gets when helping a client sell or buy their home – and seeing
the look on their face. There’s nothing better about being an agent
than that! With that, here are three common and ridiculous myths
estate agents that shouldn’t give you anxiety
about hiring a realtor.
Real Estate Agents Make Big Bucks
This is a common myth, but the truth is that few
agents would do it just for the income. It’s much more about
helping people achieve their dreams than the money itself. Most
agents make less than $36,000 per year, and around half the agents
close no more than 4 deals in a year. Sadly, after paying all their
own expenses, many realtors are lucky to break even.
Discounted Commissions Save You Money
If you pay less commission, that’s more money in
your pocket, right? That’s not how it works in reality! The best
agents don’t offer discounts – they are realistic about their
expenses and spend what it takes to properly market your property.
Poorly advertised real estate tends to have the final selling price
substantially reduced, so a couple of percentage points in
“discounted” commission is wiped out. Market exposure and
familiarity with the local market is much more important than a small
savings in commission.
Agents Get Kickbacks to Undercut Your
This is one of the most absurd myths; since 1974,
it’s been illegal to accept any kickbacks from anyone involved in
the process. No real estate agent would put their license and
reputation at risk for this, much less face the inevitable lawsuit.
There are many other myths, but these three are
common. If you have questions about these or any other
misconceptions, please call Friendly
Real Estate Group LLC, a proud real estate agent
in Tallahassee Fl, at (850) 273-2520.