|
I also have an updated view on realtors in general, specifically in the North Van detached market under $2M.
Selling agent:
Pros -- Ridiculously easy money. Get a listing and watch the offers pour in. Sell it in a week. Make $25k in commision. Barely lift a finger except make a brochure and plan some viewings.
Cons -- It's very hard to get listings. Supply of homes is low and supply of agents is high, so just getting a listing is not easy. You need a strong brand and word-of-mouth. Newbies fresh out of school would have a hard time breaking in.
Buying agent:
Pros -- Lots of buyers out there, so it's relatively easier to get clients. The high cost of homes makes the commissions more than decent ($20k let's say). And the inventory is so low that you're not really doing any "digging" to find homes. Just setup the viewings your client asks you to and then prepare the offers.
Cons -- With multiple offer scenarios, the odds your client's offer wins are low. So the commission isn't as easy.
I see how much money some of theses mofos are making compared to the work they do and it's crazy. But now I also realize it's not as easy as one might think.
|