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"As a realtor, you get a huge, immediate payoff when the house sells." "immediate", except for the fact that you might have been working to find or sell the ho
by gnosis 16y ago
"As a realtor, you get a huge, immediate payoff when the house sells."
"immediate", except for the fact that you might have been working to find or sell the house for a year, and months to put the deal together.
This is assuming the house ever does sell at all, and you haven't worked for months or years to get absolutely nothing.
And it assumes that if the house sells you don't get cheated by your client and actually do get paid.
"You don't care about the price."
Except that usually real estate agents get a percentage of the sale price as commission.
Real estate agents also want to make their client happy so that they'll get recommendations and referrals from them in the future, and want to work with that agent again when they look to buy or sell another home.
- hapless 16y agoExactly, they get a percentage of the sale price as a commission. 1% of a $300,000 house is $3,000. 1% of a $325,000 house is $3,250. The realtor has $250 to gain from holding your house price as high as possible, increasing the amount of work he has to do. He has $3,000 on the line to sell it at the lower price, with less work. The rational behaviour is to sell as fast as possible, and damn the price.