Myth, defined by google as a widely held but false belief or idea.
On today’s post, we will tackle real estate myths that are commonly heard and defined by the general population. Need to keep in mind that not all information that you can access online are true. Be wise and do your own research.
Here are the top 3 myths about real estate agents / brokers that need debunking:
Real Estate Agents/Brokers Make A Lot of Money
A common knowledge about real estate agents is that they earn 6% [general consensus] of the sale price of the home/condo, no matter what. Please take into consideration that if this is true to all, there are factors that public don’t realize that affect their commissions such as fuel, car maintenance, advertising expenses as well as load used in communicating with potential clients.
Real Estate Agents/Brokers Are All The Same
In real estate, we cannot compare a newbie to that of a veteran [an agent or broker for a decade or two] because each has completely different skill set, different experience level, and connections. When choosing a real estate agent, make sure that that person gives his full attention, time, and effort in his profession.
Real Estate Agents/Brokers Will Do and Say Anything To Close a Sale
This may be true to some, but not all. Misrepresentations or a false statement is against the law that could lead to the loss of license to sell real estate. Also, most agents/brokers go by strict code of ethics and rules.
For example, in Abba 98 Realty, our business relies on referral, word of mouth, and repeat business. If we try to sweet talk or lie to a client into buying a home, we’re unlikely to receive any recommendation from him/her.