Question Details

Mark Weber &…, Real Estate Pro in Naples, FL

Is being a Realtor easy money?

Asked by Mark Weber & White Sands Realty Team, Naples, FL Thu Nov 4, 2010

All you have to do is push some papers and you make a commission check for $15 grand or more. Anyone can do that. A couple hours work for thousands. Realtors have the cushiest job around!

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Mark, you don't even have to push papers, except to stack them on the press and watch the money come out! WHEEEEEEEEE!!!
1 vote Thank Flag Link Thu Nov 4, 2010
Ha if only that were true!!
1 vote Thank Flag Link Thu Nov 4, 2010
I don't even wake up to do it. I wake up and the pile of money is just there. The 60 hours a week I put in with buyers and sellers and doing the research and arranging the appointments and negotiating and trouble-shooting and handholding and managing expectations and problem-solving and prospecting and following up and answering inquiries and educating and making appointments and pitching and showing my listings and taking my buyers around and writing ad copy and working with the photographers, to name a few tasks - that's just my hobby, for fun. Oh, and I do that all weekend too. And nights.
1 vote Thank Flag Link Thu Nov 4, 2010
Yeah, but I also have to take 14 hours of continuing education every 2 years. I'm mopping the sweat off just thinking about it...
1 vote Thank Flag Link Thu Nov 4, 2010
I have nothing to add...I just wanted to say this is the funniest thing I have read in a long time.
1 vote Thank Flag Link Thu Nov 4, 2010
I beg to differ, being a mortgage lender is the real kush job, all we do is email off a loan application and BLADOW! A FAT check hits our bank account with all kinds of extra 'kick backs' and bonuses too boot, everyone knows how easy it is to qualify and close a mortgage these days.
1 vote Thank Flag Link Thu Nov 4, 2010
I've never taken a couple hours to close a deal. 30 minutes, tops.
1 vote Thank Flag Link Thu Nov 4, 2010
Yep, easy peasy, money, it's a gas! Grab that cash with both hands and make a stash! I can tell you that Walgreens world is better than Milktopia, now that Shangri-La is full.
0 votes Thank Flag Link Thu Nov 4, 2010
Not only is it easy to make piles of money but I love the fact that I was given the keys to a new fancy (pick one: Mercedes, BMW, Lexus, Volvo, Vespa) the first day after I got my license. The only difficulty I had was eating enough cereal in order to collect enough box tops to submit with the quarter to get my license.
0 votes Thank Flag Link Thu Nov 4, 2010
Uhmmmmmmmm Tammy -- you're preaching to the choir here

:)

Hey - I had a hard day today - had my nails done!

Oh, and in my free time, I want to start a foreclosure cleanout business - that seems pretty popular online!
0 votes Thank Flag Link Thu Nov 4, 2010
BTW - love Kyle Hufford's answer below. I think I'll become a Mortgage Broker next week. They really have the cush job.
0 votes Thank Flag Link Thu Nov 4, 2010
Some of you really get it and some are very serious. I figure I work about 90 hours a week. Now that we must do social networking and SEO like we are doing right now on Trulia really adds to an already full day.

Truly this is the perception many people have of our jobs. If they only knew the work Realtors do for free when clients run them around for weeks and then don't buy or just wait the market out.

The only silver lining is that I can take my kids to Disney tomorrow through Sunday and I don't have to ask permission.

My work here in cyberspace, for clients and for my agents is done here - at least until Monday at 6:00 AM!
0 votes Thank Flag Link Thu Nov 4, 2010
Ooh, I feel like Rip Van Winkle. I just woke up and it's April 1st! LOL!
0 votes Thank Flag Link Thu Nov 4, 2010
Realtors have to abide by a strict Code of Ethics and Standards of Practice. They must take courses before they are allowed to join the National Association of Realtors and must take continuing education courses in order to retain membership. Real estate agents cannot legally use the name Realtor unless they have joined the National Association of Realtors. Some people mistakenly call Real Estate Agents "Realtors" without realizing what the designation means.

The main reason most people list their house as a For Sale By Owner (FSBO) is because they don't want to pay the broker a real estate commission. But what is entailed in this commission? Realtors provide a wide variety of services to their customers beyond selling the property. Typically a Realtor will list the property in the MLS and several other web sites on the Internet, place an ad in the newspaper or home magazine, send out for sale postcards and e-mails, design a property features flyer, hold an open house, put a for sale sign in the front yard, work with pre-qualified buyers, and negotiate the deal.

Time is of the essence and time means money. A Realtor will help in other ways as well. They can provide a free market analysis on the home which includes comparable homes already sold and homes currently on the market. A homeowner typically prices their home based on what they think their home should be worth. This pricing is based on very little accurate data.

A Realtor will take professional photographs and post them in the MLS. A Realtor will complete all of the necessary state required real estate forms. As a FSBO, do you know what is required and how to get these forms? A Realtor will add the listing to their web site, set up appointments to show the property, answer buyers questions, arrange for home inspections, help resolve issues prior to closing, attend final walk-throughs and lastly, attend the closing. All of these tasks can help sell your home at a higher price and therefore, helping to cut the costs of listing the home yourself.
0 votes Thank Flag Link Thu Nov 4, 2010
Is this a joke? Obviously it is because if you REALLY were a Broker you would know how much hard work goes into representing clients, it is SO much more than "pushing around some papers" and it is many many more hours than a couple-IF you're truly doing your job correctly and putting the best interest of your clients first..
0 votes Thank Flag Link Thu Nov 4, 2010
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