Your REAL ESTATE agent is a self-employed business professional. Their job is to represent you in the transaction of REAL ESTATE. As a licensed REALTOR®, a huge amount of responsibility goes along with the job, not only to serve you as a client, but to help protect you and your interests.
Being a REALTOR® is not a 9-to-5 job. There is no wage or salary check from their employer at the end of each pay period and no hourly rate is determined by a labor board. Your REALTOR® is paid only upon successful close of escrow.
Being a REALTOR® is just like operating your own business. Your agent faces similar “overheads” found in any business venture with a good portion of their commission satisfying these business-related expenses. Depending on the agent and the agency he/she represents, that commission is often split with their REAL ESTATE office to help cover the “cost of doing business.”
Other REALTOR® expenses come in many forms. Advertising your home and their services via magazines and newspapers is extremely expensive. A single page in a “free” publication (i.e., found at the grocery store) can cost several hundred dollars alone each month. Transportation, vehicle operating costs and rising gasoline prices are also a very expensive portion of a REALTOR’S® business. Office space/facilities and equipment are a monthly expense for your REALTOR®. “Cutting edge” technology costs money and computers, printers, hardware, software, websites, e-mail, cell phones with airtime and long distance, renewal hours and continuing education classes are just some of the things which must be paid by your agent before a commission is ever paid.
When you retain a REAL ESTATE agent, please remember that they are working hard for you and the commission that they earn is typically well-deserved.
Pioneer Title Agency is a full service company with an operating philosophy of "Commitment to Service." The company provides title insurance, escrow, account servicing, trustee sales, as well as builder related trust services through over 50 Arizona offices.