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Tweens and Teens
Reply to "Teen wants to be a realtor"
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[quote=Anonymous][quote=Anonymous]The average realtor makes very little money. The barriers to entry are low, but you have to pay for all your own expenses as well as pay a fee to your overall broker. Also, while realtors care about high prices (and the commission applied to those prices), they really care more about volume. Right now, and for the foreseeable future, the number of transactions is very low. Finally, there will be a bit of turmoil in the field since the 6% commission is in theory going to decline based on recent court rulings.[/quote] +1. People look down on realtors as morons because the barriers to entry are so low that there are a lot of terrible realtors out there. Also, arguably even the good ones are not worth a 6% commission. I think the business landscape is already changing as there are a lot of people that are using discount brokerages to get their homes on the MLS and handling more of the sale themselves to save money on the commission.[/quote]
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