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False assumptions about real estate agents

 

Last updated 8/18/2022 at 9:43am

Realtors do a lot of things for free since they do not charge by the hour and only make money when deals close.Village News/Metro photo

FALLBROOK – Driving nice cars, looking at homes all day, and going to fancy lunch meetings – ah, what a sweet life a real estate agent has, right? Hate to break it to you but these stereotypes are far from reality. Today, we debunk some common assumptions about real estate agents.

They make huge commissions

Your agent isn't pocketing that money all to himself to spend on a new car or a holiday trip. To illustrate, say, that the home is listed for $500,000. The total commission is shared between the buyer's brokerage and the seller's brokerage –the divided funds are then split between...



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