How Real Estate Agents Make Money..
How do realtors get paid? Well, the vast majority of Realtors get paid 99% of the time only when they close on the sale of a home. So that means that if someone is looking to purchase, sell, buy, or even lease a home, the Realtor only gets paid when they close on that transaction.
And this is important information for you to have because when you look to sell your home, you want to make sure you have a realtor that’s willing to invest a good amount of money in marketing and advertising…currently with this market, especially because even though they don’t get reimbursed with expenses, they know that’s kind of needed right now in order to get the home sold.
On the other hand, you want to make sure you have a good Realtor when buying as well, because that means that if they’re showing you tons of properties and you don’t have a good Realtor, they may influence you to purchase a home that’s not in your best interest just so they can get paid. That’s all I have for today, leave a comment below. And as always, close with Patrice.
This has been “How Real Estate Agents Make Money” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channel for all of your real estate tips, home tours and advice!
To schedule your free consultation to see if Patrice or if one of our realtors are the right realtor for you, buyers can schedule theirs here and sellers can schedule theirs here.
Bonus Tip: There’s a big difference between a real estate agent, realtor and real estate broker. Check out this short video to learn the difference. There’s also a small percentage of realtors that are employees but because they are paid a salary, they have less of an incentive on working to get your transaction closed once an offer has been accepted so there’s positives and negatives to both sides of this.