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How many other professionals work on contingency ALL THE TIME? A sincere look at the real estate business model
Before I begin, I would like to point out that this post may stir up a hornet's nest of activity and comments, or it could generate a lot of unity and agreement.  Since it deals with money and how we are compensated as Realtors and brokers, I am expecting the former.  Nonetheless, this is something that I have been thinking about a lot over the past decade or so, and I wanted to get it off my chest now.  Please understand that I am in no way about to suggest any type of commission fixing or anything else that could be construed as harmful to consumers or in violation of the Sherman Antitrust Act.
I have been selling homes full-time in the Austin area since January of 1997, and I have made a good living doing this.  Of course, there have been ups and downs (2008 was a notable down year, frankly), but overall I have enjoyed this business.  In fact, the only time that I can say that I honestly wonder if I'm doing the right thing is when I lose a client whom I have met with in person a few times.  Thankfully, this has become much more rare for ... more

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