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On avg they make $24.18/hr, so $25-40 would actually be a pay bump. https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm https://www.bls.gov/

On avg they make $24.18/hr, so $25-40 would actually be a pay bump. https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-...

Broken_Hippo 7y ago
Not only that, but an actually hourly rate would allow folks to have more financial security. Unfortunately, folks in a range of sales positions can have weeks without pay if they don't sell anything. This is especially bad with car and house sales - thousands one pay period and absolutely zero the next.
- sliken 7y ago
  Had a friend doing real estate for awhile. The owner knew damn well which were the easy sales and which were hard, slow, and/or required a ton of work. As a result a few favorite agents made a ton of money, drove luxury cars never more then 2 years old, and worked minimal hours. The large majority of the agents made minimal money and had to fight of the scraps.
  - pram 7y ago
    The glengarry leads are for closers only.
    - chongli 7y ago
      That’s one of the best movies of all time! Somehow I knew it would come up as soon as we started talking about real estate agents.
  - rchaud 7y ago
    > As a result a few favorite agents made a ton of money, drove luxury cars never more then 2 years old, and worked minimal hours. > The large majority of the agents made minimal money and had to fight of the scraps. This mirrors the structure of the broader economy so in a perverse way, it makes sense.
sliken 7y ago
Heh, yes that's what they get paid. As usual, it's the middleman that makes all the profit. So the profitable thing is to own the real estate agency, then you pay the agents as little as possible and charge customers 6% as you exploit the network effect.
aquadrop 7y ago
That's because most of those hours are inefficient A lot of time spent coordinating meetings and walking with people showing the things they could see/read themselves. In most cases you only really need realtor at the very end, after you spend lots of hours seeing or showing homes, and now it's time to make the deal. It's not 1980s anymore, you can use internet to search for places yourself or to advertise your property yourself. If you remove those inefficient hours, there should be 5x less realtors but they might earn more and do better job.
- pixl97 7y ago
  And those 5x less realtors will pay far higher taxes to pay for UBI.

Broken_Hippo 7y ago

Not only that, but an actually hourly rate would allow folks to have more financial security. Unfortunately, folks in a range of sales positions can have weeks without pay if they don't sell anything. This is especially bad with car and house sales - thousands one pay period and absolutely zero the next.

sliken 7y ago
Had a friend doing real estate for awhile. The owner knew damn well which were the easy sales and which were hard, slow, and/or required a ton of work. As a result a few favorite agents made a ton of money, drove luxury cars never more then 2 years old, and worked minimal hours. The large majority of the agents made minimal money and had to fight of the scraps.
- pram 7y ago
  The glengarry leads are for closers only.
  - chongli 7y ago
    That’s one of the best movies of all time! Somehow I knew it would come up as soon as we started talking about real estate agents.
- rchaud 7y ago
  > As a result a few favorite agents made a ton of money, drove luxury cars never more then 2 years old, and worked minimal hours. > The large majority of the agents made minimal money and had to fight of the scraps. This mirrors the structure of the broader economy so in a perverse way, it makes sense.

sliken 7y ago

Heh, yes that's what they get paid. As usual, it's the middleman that makes all the profit. So the profitable thing is to own the real estate agency, then you pay the agents as little as possible and charge customers 6% as you exploit the network effect.

aquadrop 7y ago

That's because most of those hours are inefficient A lot of time spent coordinating meetings and walking with people showing the things they could see/read themselves. In most cases you only really need realtor at the very end, after you spend lots of hours seeing or showing homes, and now it's time to make the deal. It's not 1980s anymore, you can use internet to search for places yourself or to advertise your property yourself. If you remove those inefficient hours, there should be 5x less realtors but they might earn more and do better job.

pixl97 7y ago
And those 5x less realtors will pay far higher taxes to pay for UBI.