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6 Comments on How Can Realtors Be Seen As Professionals
Hi Claire. I think it's because they see how much we make on the HUD and it shocks them. When you make $7,000 after showing someone 10 houses, they question how we earned that $7,000. They don't realize how many of our deals fall apart or we put in TONS of work and get a $2,000 commission. They don't know how much out of pocket money we spend. They just see that one number.
The public sees only money goin gout. Most sellers that have climbed the ladder of success understand the training and knowledge we have is also a big part of what is being paid for.
I think the Goldman Sachs head honcho was on the money when he pretty much said the same thing about the stock market business. Treat customers the way you would like to be treated and it will come back to you ten times over.
Buyers are "flaky" . . . comment a real estate "professional" made to me at one of my clock hour classes.
Unfortunately, the majority of agents I've met do see their clients as wilderbeast on the plains of the Serengetti. "Prey" that are to be hunted down, stripped of the carcass . . . only to move on to the next kill.
What you are describing in your post is commendable and a utopian world. Personally, I have yet to meet an agent that says anything other than . . . this is the best time to buy". When this industry truly puts the consumer first, is the time when consumers will see them as professionals.
LaNita - Excellent point. They see the big payoff but not all the hours put in that didn't materialize.
Vern - I hope you're right - most sellers can tell if their Realtor is working hard in their best interests.
Morris - the Goldman Sachs head honcho was right about that...
Harj - That's why I wrote this post - we have to put customers and clients first. By the way, I don't know if this is THE BEST time to buy but I have to tell you, historically speaking and professionally speaking, this is an excellent time to buy in most markets. Interest rates are extremely low and home prices have fallen. You can't time the market but I'd be comfortable jumping in now.
Hey Claire!
Some good points here but none of it will work without radical fundamental changes....
1 - Change the basic requirements to become a REALTOR. Mandatory bachelors degree in Real Estate studies as well as retesting every 2-4 years to keep our licenses. Just as attorney's "practice" law, REALTORS should "practice" real estate. It's ridiculous that anyone can take a 75 hour class, pass the state exam, pay $1000 in dues, and then be able to help people with the largest financial transaction in their lives.
2 - The state broker exam should be on par with the BAR.
3 - There should be a thorough background check and psych exam. Yes crazy people become REALTORS too. As a matter of fact I think this career attracts crazies. Claire, I bet we could rattle off at least 10 REALTORS who are unstable and wouldn't pass a psych exam!
3 - Raise local and national dues....5 times what they are now. This would pretty much get rid of all of the part timers. You know the ones who don't answer their phone or return calls because they have other obligations and put those above their clients needs. You don't see part time attorneys or doctors.
4 - Regulate advertising. The same way attorneys and banks are regulated. Some of the REALTOR advertising is not only dishonest but down right laughable...and embarrassing to all of us At last count Staten Island has not 1, not 2, not 3, but 4 different companies who all advertise that they are "THE #1 OFFICE IN STATEN ISLAND" and promote their "honesty". It's a joke. If you make a claim, you better be able to back it up or you are out.
We won't be seen as professionals without radical changes.