Are Realtors Underpaid??

Consider the following parallels between these two groups of professionals:

–Both groups include highly skilled, highly trained individuals;

–Both are known to tackle cases with long odds and a high risk of failure;

–Notwithstanding the aforementioned risks, both get paid only if their client gets paid. If their client walks away empty-handed . . . so do they.

–Both can toil for months — if not years — on behalf of their clients, investing hundreds of hours of their time, and incurring thousands in out-of-pocket expenses, before they see a dime of compensation.

So who are these two groups?

Plaintiff’s attorneys bringing class action suits — and Realtors! (specifically, listing agents representing Sellers).

Unlike the former, whose contingency fees typically range from 25% to 33%, full-service Realtors typically charge a 6% – 7% commission. Which they proceed to split four ways (with their broker, the Selling agent (representing the Buyer), and the Selling agent’s broker).

Realtors . . . one of the great bargains left!

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.
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