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"Real Estate agents provide an entirely 100% superfluous service". While I definitely agree that the amount of money realtors get for selling a home is ridiculously high, the above statement is definitely NOT true (and I've sold several homes through a realtor). Realty is often a more risky business than people think. People often only focus on the houses that sell quickly, not the ones that sit for a long time. A realtor can invest many hours in selling a home and get nothing if it doesn't sell. I had a home on the market more than a year (and it was a fairly new, nice home at a reasonable price, it was just a bad time to sell). We gave up, and if it had not been for a deal that came up a short while later, my realtor would have gotten nothing for that year's worth of effort (I had negotiated commission with her originally, due to her selling the home I was originally interested in, and I re-negotiated commission on the second deal). Again, I'm not saying that the commissions aren't too high -- they are. And it is a lucrative business if you want to spend all of your weekends and evenings showing houses. Personally I think it's a good short-term career for young people who are single. Money isn't everything, and I would not even consider doing the job as a married person. Also, not all realtors are made equal. There are a lot of them that put as little effort as possible into selling your home, and just hope that realtor.com listings will get them a buyer without putting much into it. However, the best realtors do put work into selling your home, and their network and ability to find buyers is of value. I just don't think it is worth what they charge for it. But, then again, given the hours/days they have to work, I guess I'd want to be paid very well if I was doing it. In some ways it is a bit like doctors (talking about in the U. S. here) -- it takes a long time to go through med school, and many come out up to their necks in debt, so by the time they are done with residency they feel they have earned the high fees they get paid (and/or they just need them so they can get out of debt and finally be profitable). Of course the medical profession is a complicated mess, so there's more to it than that. |