The average Realtor in NC made $34,000 in NC in 2019. the 6% commision does not all go the the one Realtor. 3% goes to the listing agency, 3% goes to the buying agency. Then after that split, each Realtor has to split the 3% with their perspective aganecy. My agency split is 75/25. My agency makes $25 for every $100 I make. Thats not a bad split considering most agencies are 60/40 or 50/50.
Keep in mind a listing agent also has to pay for your advertising. The MLS is not cheap. Nor is having professional photographers come in, and do drone videos. I get professional signs made for every listing. Not just a for sale sign. I drop $250 on a custom sign for your house.
I research deeds, easements, right of ways, septic permits, surveys and 2 dozen other legal filed docs for my clients. I also make sure they are protected every step of the way and not bullied into something the law says they do not have to do. I schedule all inspections and are there with every inspector so you can go about your work day. Do you know what the laws say about inspection reports? what you do and what you dont have to have repaired? Do you want to rely on the other side agent telling you? Having the "other side" agent advise you on how to proceed is spectacularly stupid. That agent does not represent your interest at all. Their #1 priority is their client. Not you. Thats like having an attorney represent both sides. Would you allow that if you went to court? hell no.
An offer to purchase is 12 pages long, filled with legal jargon. Not to mention addendum's you will need for different property types, and loan types. I research HoA's and covenants to make sure everything you have and plan to do is ok and approved. I submit plans for building codes. I call city planners office.
Being a Realtor is a lot like being the conductor of a large orchestra. We make sure all moving parts flow and happen. We make sure the lenders, inspectors, underwriters, closing attorneys, paralegals, deeds office all have what they need to make sure your closing goes smooth and no surprises. Without that conductor, its chaos and a mess. the left hand doesnt know what the right hand is doing.
I didnt get into real estate for the money....yes the money is good if you stay busy and close 24 transactions a year. I chose real estate for quality of life. I am my own boss. I do not punch a time clock. I take off when I want. Take vacations when I want. Work from home. I never miss a holiday or special occasion with my family. We do have agents in our office that rock out 60 transactions a year and make $50k a month. It makes me want to puke.
If any of you decide to represent yourself, please reach out to me with any questions, concerns or worries you have. I will do my best to research your states laws and give you the best advice I can. Dont be one of my horror stories i tell people.
Keep in mind a listing agent also has to pay for your advertising. The MLS is not cheap. Nor is having professional photographers come in, and do drone videos. I get professional signs made for every listing. Not just a for sale sign. I drop $250 on a custom sign for your house.
I research deeds, easements, right of ways, septic permits, surveys and 2 dozen other legal filed docs for my clients. I also make sure they are protected every step of the way and not bullied into something the law says they do not have to do. I schedule all inspections and are there with every inspector so you can go about your work day. Do you know what the laws say about inspection reports? what you do and what you dont have to have repaired? Do you want to rely on the other side agent telling you? Having the "other side" agent advise you on how to proceed is spectacularly stupid. That agent does not represent your interest at all. Their #1 priority is their client. Not you. Thats like having an attorney represent both sides. Would you allow that if you went to court? hell no.
An offer to purchase is 12 pages long, filled with legal jargon. Not to mention addendum's you will need for different property types, and loan types. I research HoA's and covenants to make sure everything you have and plan to do is ok and approved. I submit plans for building codes. I call city planners office.
Being a Realtor is a lot like being the conductor of a large orchestra. We make sure all moving parts flow and happen. We make sure the lenders, inspectors, underwriters, closing attorneys, paralegals, deeds office all have what they need to make sure your closing goes smooth and no surprises. Without that conductor, its chaos and a mess. the left hand doesnt know what the right hand is doing.
I didnt get into real estate for the money....yes the money is good if you stay busy and close 24 transactions a year. I chose real estate for quality of life. I am my own boss. I do not punch a time clock. I take off when I want. Take vacations when I want. Work from home. I never miss a holiday or special occasion with my family. We do have agents in our office that rock out 60 transactions a year and make $50k a month. It makes me want to puke.
If any of you decide to represent yourself, please reach out to me with any questions, concerns or worries you have. I will do my best to research your states laws and give you the best advice I can. Dont be one of my horror stories i tell people.
