2/16/22, 11:19 AM
Myths About Real Estate | John Gavin | Real Estate
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Myths About Real Estate by John Gavin | Feb 16, 2022 | John Gavin, laguna beach, Real Estate
The real estate industry is not an easy-to-understand market. Many myths and misconceptions are floating around out there that limit people’s opportunities in real estate. It is one of the most lucrative industries, but it’s also one of the most misunderstood. Read below to see some of the most common real estate myths. Myth: Real estate agents don’t make money. When buying a home, a person typically pays a small fee to the real estate agent as a commission on the home’s sale. Some people think that since they are only paying a small percentage of their overall sale price, they aren’t paying anything substantial and won’t get much help from the agent. The compensation of a broker varies according to the services and products offered by each brokerage firm. For example, some firms pay commission only on the first home a buyer purchases through them. Other firms may pay monthly fees to access their research data, consulting services, or other products. A 5 percent commission in most areas can quickly amount to $10,000 or more on a $250,000 house. https://johngavinlagunabeach.org/myths-about-real-estate/
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