Kak
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I do understand that, but it is the line of work they chose.Remember, realtors agree to work for free until a home is found or liked. If neither happens, nobody will pay the realtor for their time and effort. There's driving, setting up appointments for each house, gas, and after closing at least 20% of the commission goes to the sponsoring broker, and of course, we cannot forget Uncle Sam's share!
All working for free hoping the buyer will eventually close. Realtors already spending a ton of money with Zillow and other avenues to get leads and are already out of pocket. Redfin currently has what they call "Associate Agents" and all they do is open the door for their clients. Redfin pays those agents per door because they work part-time only. The concept already exists but it could be expanded and be beneficial for both the homebuyer and the realtor. Also, the App could include other vendors who will be needed in the process of purchasing a home such as loan officers, inspectors, and appraisals. Those would either pay a flat monthly fee or pay a fee per transaction because their services will be displayed on the App. The agent could also offer a kickback that not only will cover what the buyer spent for showings but then some. Also, people will be responsible for not wasting the agent's time and only request viewing for good potential homes and also making every effort possible to finalize the deal.
Honestly, @HoustonRealtor I feel entitled to shop all I want until I find the perfect property, even if that pisses off a realtor. It’s my money. It’s usually a larger than average investment. And… Ultimately, if a realtor stays with me until the end, they and their listing counterpart are responsible for 6% of inefficiency to my transaction.
I think of my choosing of a realtor as a gift. A couple of people who went to school for 3 months get to make tens of thousands of dollars off my real estate transaction for unlocking a few doors with a little gadget, speaking in adjectives, and spending some gas money in their leased G wagon. They should take me to a nice dinner while they’re at it.
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