5 False Assumptions About Real Estate Agents: What You Need To Know
Aug 16, 2022

When it comes to real estate agents, there are a lot of false assumptions floating around. Do you need a real estate agent? Do they keep the entire commission? Let’s get the facts straight. Buyers and sellers often enter the market with misconceptions about real estate agents: how they work, how the process works, and the relationship.

Some people think that real estate agents are all-powerful and can get them the best deal possible. Others believe that real estate agents are only necessary for buying or selling high-priced homes. This article will debunk five of the most common false assumptions about real estate agents!

You Don’t Need a Real Estate Agent.

The truth is, you can sell your home on your own without a real estate agent. Many homeowners are excited by ​​saving commission money, but selling your property on your own can be quite a challenge when you are new to the business. Hiring an agent will save you a lot of hassle and stress and give you peace of mind throughout. They will be able to easily distinguish legitimate buyers, negotiate on your behalf, and filter out all the legal jargon that comes with this type of transaction. You’ll feel more confident selling your home, knowing your agent has had countless successful sales. They’ll be available to answer any intimidating questions and go over all the final details.

Real Estate Agents only care about selling for the commission.

When you hire a real estate agent, they go beyond selling you a home. They will also ask about your long-term goals and help you find the right type of home for your way of life. Do you like to live in the suburbs, with green spaces, and within a family community? Or would you prefer to live in the city’s heart, close to public transportation lines and with a view of the skyline? Or would you like a combination of both? A real estate agent has excellent knowledge of different neighborhoods and will work with you to find the perfect home to fit your lifestyle.

Real estate agents make a lot of money.

A prevalent myth is that real estate agents earn well because they sold an expensive house, which gave them a large commission. A little-known fact is that agents split the commission with the buyer’s agent. After this, the brokerage may also take a cut depending on your real estate agent’s arrangement. Not to mention, agents pay their marketing expenses. Video tours of the property, social media, websites, digital marketing, print materials, and open houses are their responsibility, and they also cost. Real estate agents keep a fair commission.

Real estate agents will do anything to make a sale.

Real estate agents do not have a good reputation for saying or doing anything to make a sale because that is the only way they receive their commission. While some agents may exhibit this type of behavior, most agents have an incentive to adhere to a code of ethics with their clientele. Why? Because real estate is a social and referral-based job, and no client wants to send their friends and family to a pushy salesperson who will manipulate them into making a sale.

All real estate agents are the same.

No two real estate agents are the same as any sales job. They may work for the same brokerage, discuss the properties they have sold, and deliberate on the housing market; however, these agents are entirely different. Each has a distinctive presentation style, sales approach, and creative skills. One agent may focus more on organizing the property, while another puts more energy into their social media presence and marketing materials. As in any industry, you want to find the perfect agent when you buy or sell your home, one with whom you feel comfortable and who understands exactly what you’re looking for.

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