Quote from point&click:
But just because something is difficult and requires such demanding actions as 'driving around' and putting their stupid,beaming faces next to a picture of a house doesn't entitle them to get such a huge commission.
Your post is so typical of many posts here on E.T.
Folks making statements when they haven't the slightest idea what they're talking about.
Most people - obviously including you - are completetly unaware of the cost structure of the industry, and of working as a Realtor.
You don't calculate the agent's costs of brokerage fees, errors & ommissions insurance, commission sharing, advertising and signage fees, taxes, MLS access fees, local Realtor association fees, state license fees, continuing required training, fuel and auto expenses, etc. etc. etc. etc. etc.
Every Realtor pays these fees. Which is why most don't break even, a few do well, and the average makes about 35K a year.
Probably very close to the statistics of independent traders.
In addition to the costs, you're on call 24 hours a day, scheduling and negotiating with brokers, lenders, banks, insurance companies, title companies, inspectors, termite companies, roofing companies, plumbers, buyers who lie, and sellers who are unreasonable. And...you are legally accountable to the state and to your client for any screwup.
And on top of it all, there is never a guarantee that your work will result in income, no matter how many hours you put into it.
