Fine Homes In Columbia, SC

Ever wonder how a Real Estate Agent/Broker is paid? 

Most of us work as Independent Contractors for Real Estate Brokerages.   This type of arrangement means that you set your own hours and you are paid a commission when a transaction closes.  So, you are not charged for by the hour for the time your Real Estate Agent spends talking to you, sending you available listings from the MLS, showing you properties, and counseling you.  Your agent is only paid when the transaction closes and the checks are issued to the Brokerage.   Then and only then,  your agent is paid whatever his/her contractual agreement is with his Brokerage.    Real Estate is one of the few professions that you get the benefit of the counsel, expertise, and time without paying when services are rendered.

Ever wonder why your Realtor wants you to sign an Exclusive Agency Agreement? 

Have you ever thought how you would feel if a prospective employer said to you, “Well, you go to work and after you do your job, I will decide whether or not you would be paid?”  What do you think your response would be?   It is safe to assume that your answer would be no way no how is that going to happen.  If you want to hire me, then I will perform my duties in exchange for a predetermined wage.   So, when you expect a Realtor to spend their time counseling you, advising you, showing your properties, and giving you the benfit of their knowledge and time without completing an Agency Agreement you are basically doing the same thing.  The Agency Agreement is your agreement to hire the agent to do a job.    Certainly, like any employer you have the right to interview agents and decide which one is the best fit for you.