Myths About Realtors

By
Real Estate Agent with Century 21 Fusion
https://activerain.com/droplet/SGl

There are a lot of myths about Realtors out there and we receive a lot of bad press and unfair attacks from a lot of people. I'm here to de-bunk some of the common myths about real estate agents.

1. Realtors do very little work in order to make a lot of money - The average Realtor does NOT make that much money and can't be considered anything other than middle class. If a Realtor were to work out their hourly wage, it comes out to very little.

2. Realtors never tell the truth - Almost every Realtor I know is an honest, hard working person who will be upfront and honest in every situation. There is no industry that doesn't have a few bad eggs in it, but Realtors are just as honest, if not more honest, than every other professional industry.

3. Realtors charge commissions to do the same thing I could have just done myself - Again, this is simply not true. Realtors are professionally trained to sell your home, have far more knowledge about local laws, the market, the process and are there to help and protect you. Why do people feel that they are just as knowledgable as a Realtor about selling a home, yet go to a lawyer for help with law, go to a doctor for medicine and go to an accountant for accounting? Check out my articles about working with a Realtor to buy your home and working with a Realtor to sell your home.

4. Realtors don't care about their clients - Realtors do care very much about their clients, I place my clients' needs ahead of me receiving a paycheck.

5. Anybody can become a Realtor - While it may not be the most difficult process in the world to become a Realtor, there is an examination and training process that is required. Beyond that, you won't last long in real estate if you are not educated, honest and hard working. So while any one could probably get a real estate license if they want to, to survive in the business you must act as any professional business person would.

Be sure to check out http://www.saskatoonrealty.com, my personal website if you are looking for a Saskatoon Realtor that fits none of these myths above! Feel free to add any to the list that you think the general public is thoroughly convinced of and need to be de-bunked.

 

 

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Re-Blogged 9 times:

Re-Blogged By Re-Blogged At
  1. John G. Johnston 03/24/2013 07:23 AM
  2. Kathy Schowe 03/24/2013 08:07 AM
  3. Debbie Reynolds 03/25/2013 12:40 PM
  4. Joe Spake 03/25/2013 11:32 PM
  5. Lenn Harley 03/25/2013 11:55 PM
  6. Kathleen Daniels 03/26/2013 01:26 AM
  7. JEANNIE JARRETT 03/26/2013 08:15 AM
  8. RhondaHeaslip NanaimoRealEstate 03/28/2013 09:47 AM
  9. Gloria Todor 04/04/2013 06:42 AM
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Rainer
298,462
Momentum Realty
North Orange County CA Real Estate Specialists - Yorba Linda, CA
Orange County CA Real Estate Agent

Great post, Susan! These are all very true misconceptions about Realtors, and they can be frustrating, especially when you know in your heart that you have the best intentions possible and you are a good person. It's unfortunate that so many unprofessional and unscrupulous people got into our business in the boom years! As they say, one bad apple...

Hope you're having a good week!

Gina

Mar 26, 2013 09:38 AM #117
Rainmaker
393,501
BILL CHERRY
Bill Cherry, Realtor - Dallas, TX
Broker & Wealth Coach

We don't do nearly enough to weed out the bad eggs.

That's primarily why we have a questionable reputation as a profession.

Mar 26, 2013 10:33 AM #118
Rainer
14,150
Angelica Williams
DeLuca Real Estate - Monterey, CA
Angelica Williams

Great post! Many people don't understand all of the costs Realtors put out to help their clients, or all the time we put in!  I don't stop working or taking phone calls at 5:00pm, I will talk to a client, lender, etc. at 9:00pm if they call or email me. 

Mar 26, 2013 01:52 PM #119
Rainmaker
762,573
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I like your #113 post.  Yep, that is way more accurate.  Looks like my husband and my desk and how we look during and at the end of the day :-) Kasey

Mar 26, 2013 04:05 PM #120
Rainmaker
831,932
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Susan, great post!  We agree and hope all the buyers and sellers out there read it!

Mar 26, 2013 08:14 PM #121
Anonymous
Jo Anne Lorensen

You should encourage feedback from clients, good or bad. I think Buyer's Agents have a hard job. However we are trying to sell and have had out home listed with two different top notch realtors. 

Neither one communicated with us unless it was some automated thing. We had to ask for information, updates, or any personal contact. List and forget was our experience.

We stressed that communication was important to us. Unless we had a showing, we heard nothing for weeks. Even showing feedback is automated. We had to initiate meeting with our realtors. We had to initiate suggestions for marketing and promoting our home beyond the standard MLS and the automated feeds to various websites (which did not seem effective). All their marketing was automated, requiring no effort on their part. 

They had no suggestions for us. Our home is beautifully staged, spotless and priced correctly (per the realtors). And still for sale.

Mar 26, 2013 10:47 PM #122
Rainer
311,408
George P. Cruz Sr.
DR Horton - Port St Lucie, FL
PSL FL CDPE, TRC, CIPS

Thanks for a great post...

 

 

 

 

 

 

 

 

 

Mar 26, 2013 10:58 PM #123
Rainer
171,858
Randy Bocook
Keller Williams Coastal Area Partners - Richmond Hill, GA
Selling Coastal Georgia

I have found that if I explain to my sellers exactly what the commission is and what they get for that commission, then they aren't as likely to think we make a ton of money for not a lot of work. Us Realtors do sometimes get a bad rep for things that just aren't true.

Mar 27, 2013 12:45 AM #124
Rainer
8,040
Rebecca & Michael Straley
Go Straley Group of eXp Realty & Go Straley Seminars - Stafford, VA
Go Straley "MAKE IT HAPPEN!"

Thank you for stating the TRUTH... one thing to add..even still!  is most REALTORS are also very involved in community, government leadership and the church or other chairites OR ALL OF THE ABOVE.  REALTORS are involved with others and have a desire to be active and make the world a better place.  Maybe it's the outgoing nature necessary to meet and greet and provide a service to strangers that also, makes REALTORS become aware and interact with the GREATER GOOD!

Mar 27, 2013 12:46 AM #125
Rainmaker
451,904
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

All so very true.  Still the average person does not believe us when we state the obvious, because they SEE only the BAD apples.

Mar 27, 2013 01:39 AM #126
Rainer
8,211
Helena Bigler
Century 21 Arizona Foothills - Phoenix, AZ
GRI

I agree with #106.. An honest person with good ethics will be true to their own nature no matter what their profession or status. And those who are dishonest and unethical will behave that way whether they pay to use the REALTOR(R) title or not.

I would like to think that as a realtor will do what's right for our client and that will reflect on you as a realtor with a moral character. Although most people think as it mention above its what define us as a real estate agents. We have to let them know and show to our client that we are here for them.  (  within reason of course. )

Mar 27, 2013 07:16 AM #127
Rainmaker
2,979,402
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I've said for many years that part of the reason the public believes these myths is because many realtors tried for decades to keep what they do close to the vest. We need to always be educating our clients about how we work and why and what we do for them. The more they understand the more they appreciate us.

Mar 27, 2013 07:47 AM #128
Rainmaker
686,609
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

It's a tough competitive profession. If you take it seriously, you work hard. And there are a lot of up-front costs and certainly work before we get paid. And many times deals fall apart and then we don't. It's not for the faint of heart.

Mar 27, 2013 01:51 PM #129
Rainer
295,383
Paddy Deighan JD PhD
TimeshareLawyers.pro - Vail, CO
Paddy Deighan J.D. Ph.D

WOW, this blog had so many great comments and funny jokes!!! I enjoyed this immensely so thank you for sharing this blog!!!

Mar 27, 2013 05:04 PM #130
Rainmaker
367,116
Dana Hollish Hill
Hollish Hill Group, Keller William Capital Properties - Bethesda, MD
Lead Associate Broker
I often wish that it was a little more difficult to become a real estate agent, but as an associate broker working in three small states, I have so much continuing education every two years that I know only a very serious agent would jump through all the hoops we do to stay licensed. It is amazing to me that people still think they can sell their homes themselves. I don't think Ive had a single buyer who feels comfortable walking through a home when the seller is present and trying to point things out to them.
Mar 27, 2013 10:35 PM #131
Ambassador
711,569
Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

#1 seems to be the most blatant myth. Now that we are in a seller's market again, we see the advent of those 'do-it-yourself' brands.  The business has gotten more complex and more litigious. Most of us who work for brokerages are required to have another agent list our house if we are selling, and yes, we pay that agent.  There are so many pieces of the equation that a consumer doesn't know or understand. I recently had a past client call me to help him sell his house to his tenant, and the tenant had separate representation. When it was all said and done, both sides were very happy they didn't attempt it alone. 

Mar 28, 2013 05:12 AM #132
Rainer
99,064
RhondaHeaslip NanaimoRealEstate
RE/MAX of Nanaimo - Nanaimo, BC

Bang on...What can I say? Amazing that more people don't know this about us. So glad you wrote this article.

Mar 28, 2013 09:41 AM #133
Rainmaker
662,099
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Love the read today, thanks for sharing.

So true what you have said in your blog today.  

Thank you,

 

Patricia Aulson/ Seacoast NH & ME REALTOR

Apr 01, 2013 09:59 AM #134
Ambassador
1,876,637
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Susan, a lot of these myths come from the bad apples in the agent barrel. I like how you have debunked each of them to us. Thanks for that.

Apr 04, 2013 06:45 AM #135
Ambassador
1,239,945
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Susan,

Great post and you did seem to cover remarks I have personally heard. I have had sellers call and try to pick my brain but don't want to pay a commission. Then later call and say they are being sued as they didn't disclose items or give out mandatory reports and their excuse......I didn't know. Now they want me to help. Sorry you will have to deal with this yourself as I just sell real estate and am not an attorney. The 6% commission doesn't seem like much now when you are looking at hundreds of thousands of dollars now. Better hire an attorney.

Apr 07, 2013 12:56 AM #136
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