Premier Magazine Premier Magazine July 2018 | Page 22

I know the system I know where the traps lie in a real Why estate transaction. Appraisals, for example, are a big setback when they come in lower than expected. I know when it’s the product you pay me a commission of a misinformed appraiser and when to seek a second opinion.” I work in an age-old industry that has weathered ups and downs I am qualified to assess a home’s value When I make money, you benefit According to the National Association of REALTORS ® , homes listed with a licensed full-time real estate agent sell for approximately 26 percent more than “for sale by owner” listings—even after factoring in the agent’s commission. I might make a $25,000 commission on a million-dollar home, but I don’t keep all that. A large percentage goes into marketing expenses such as advertising, photography, videography, net networking expenses, MLS fees, social media ads, and listing/open house events—all to help my sellers find a buyer. I also have a “split” with my broker, who owns the company. The REALTOR® brand has been around for more than 100 years, and I am carrying on a legacy of continually putting systems into place to help consumers, set industry ethics standards, and find better marketing solutions. I am backed by industry leaders who lobby for better training and laws that protect the client from fraud. And in the end, my clients are better off because of it. Risk management It takes approximately 150 hours to get a home sold – from start to finish I am a professional negotiator Negotiating is generally done on the back end, when the details of the transaction come to the surface. To keep a deal together, I sometimes have to play hardball—especially when the opposing side drags its heels, potentially harming my client. Negotiating tak