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Realtors get a commission for helping their clients buy or sell a home/property.
What if a client has a house on the market for 6 months or longer and ends up taking it off the market? Do they give you a gift for your help and troubles? Do they pay you anything? How does that work?
And of the course the same question if you spend a lot of time helping someone find a home and then they decide to just wait after looking at many homes for a good amount of time? You've used your gas to drive them all over the area and spent lots of time with them.
Is that just part of the job and you don't expect to be compensated for?
Realtors get a commission for helping their clients buy or sell a home/property.
What if a client has a house on the market for 6 months or longer and ends up taking it off the market? Do they give you a gift for your help and troubles? Do they pay you anything? How does that work?
And of the course the same question if you spend a lot of time helping someone find a home and then they decide to just wait after looking at many homes for a good amount of time? You've used your gas to drive them all over the area and spent lots of time with them.
Is that just part of the job and you don't expect to be compensated for?
The completed deals subsidize the uncompleted deals.
"Gifts" are something given from the heart, never as compensation and never expected by the recipient.
Successful agents limit their lost time, while still offering great service.
But, it is always best when the final outcome satisfies the client, even if that means no sale.
Agents don't expect a gift, but if a client wants to show appreciation to an agent, a gift is a nice way to do it. When I was actively selling real estate, I occasionally received gifts from clients.
Ironically, the most amazing gift I ever received was from a client whose house I had listed but did not sell (they had a serious life event and had to take it off the market). They gave me a violin, of all things! It's beautiful.
Even not buying any property, I voluntarily gave $1000 to a buyer agent for his 2 months work, though not all of his works are satisfactory. I did same two years ago.
We had our house listed for sale for a year in the middle of the real estate slump. Took it off the market over the Christmas holidays then relisted with a different realtor. Our original realtor brought our eventual buyer. She was up the street showing them a 4 bedroom and realized our 3 bedroom with a bonus room/office would fit their needs so she brought them down to our house. I was happy she made some money on it.
We bought our current house through our current realtor and will sell through the same realtor. We are in no particular rush to buy another (bigger ) home but have had our realtor show us a few homes. I feel bad for taking up her time but assume she will get paid (through us) eventually when we go to buy and then sell. She is very patient with us and we try to be respectful of her time. We can't really get a feel for a home without seeing it. So we will often dwell on a home, but when we go to see it, we rule it out right away.
We did once look for homes through a realtor in an area and then decide the entire area was not for us. We were younger and all we really gave was a sincere thank you but I do feel bad for in the end, wasting her time.
The best gift a realtor can receive is a referral to a new client.
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