04/02/2024
You might be thinking this career as a Real Estate Agent seems like a walk in the park!’
All it takes is a few phone calls, showing 1 multimillion dollar house and you’re getting BIG paychecks - we wish ;)
Today I’m going to share a couple of realities about the Real Estate industry that you aren’t seeing on TV!
1. There is more to an accepted offer than the price – You’ll notice on some of these shows, all it takes is a phone call discussing the price the buyer is offering and boom, they have an accepted offer!
However, there is a lot more to an offer than the price. There are contingencies for the home inspection, financing, appraisal, closing dates, earnest money amounts, down payment, the list goes on!
That is why it’s so important to work with a buyer’s agent who can help walk you through each step of the process and set you up for a successful, accepted offer!
2. We’re not making the commission amount they’re showing you at the bottom of the screen – For starters, did you know the commission is split between 4 different parties?
If you’re doing the math in your head thinking if you buy a house for $X, my real estate agent would make X% – you’re probably wrong. That check is divided up between the listing broker, the listing agent, the selling broker, and the selling agent. So next time you think about asking your Real Estate Agent for part of their commission, think again.
We don’t look at multimillion dollar properties every day and wear 6 inch heels doing it – this one makes me laugh because it’s quite the opposite, actually.
We keep backup shoes in our cars to walk properties with lots of acreage; we are probably sweating or getting bit by mosquitos as we show homes during the hot Spring months (I actually carry bug spray & show houses that look like they’re from horror movies). But it’s a great career - promise!
What is something you thought was true about reality TV?
