Whether you’ve worked with a real estate agent in the past or are planning to in the future, you likely have some ideas about real estate agents.
However, how much do you really know? What they do, how they behave, who they are, and even what their jobs entail aren’t so apparent from the mainstream perspective.
Because of this, most of what we think we know about real estate agents actually isn’t true. In fact, these real estate agent myths need to be debunked – and I’m up for the job. Let’s look at the truth behind these 3 common real estate agent myths.
Higher Priced Houses Generate Bigger Paychecks for Agents
You may have heard that expensive homes make agents more money.
Because of this myth, many sellers believe that agents only want to deal with high-priced luxury properties. It’s created the misconception that real estate agents don’t treat all of their clients equally and they are merely money-minded.
When you actually look at the numbers, the average commission made by the agent isn’t highly influenced by the property price. On average, a $5,000 price difference only equates to $75 in agent commissions.
Whether it’s an ultra-luxe property or a standard home, real estate agents care about all of their clients.
Real Estate Agents Are Never On Time
While everyone has their own business standards, it’s not true to state that all real estate agents are always late. Many people think that real estate agents are late to every appointment, but this isn’t the case.
Real estate is not a profession that expects and supports tardiness. In reality, that is an irresponsible agent who isn’t showing their clients the respect they deserve. That is a personal issue, not an industry one.
Agents Only Care About Sealing the Deal – Not How It Impacts Clients
Some people believe that real estate agents are all talk. It’s a common belief that real estate agents will say or do anything to get their paychecks and move a deal forward – regardless of how it may impact their client.
However, a good real estate professional is solely concerned with cultivating a profitable, safe, and fair deal for their client. Real estate agents should be honest and discerning when negotiating, representing, or discussing the transaction.
In reality, many of these myths are actually just red-flags you should look out for when working with an agent. If you feel like your agent is just saying ‘yes’ to everything and not really listening, you should look for another professional.
These insights will help you understand real estate agents and what they actually do.