How Realtors Provide Such Value to Consumers

Today, Namir George from the Michigan Institute of Real Estate joins me to discuss

how much Realtors go through to become professionals and why consumers should value their efforts.

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Determining the price of a home and putting it on the market

is only 40% or 50% of the work that’s involved

with putting a transaction together.


We run into so many issues during transactions. For example, For Sale By Owner (FSBO) sellers who don’t even know what a seller’s disclosure is or provide one to the buyer before they sign the purchase agreement. The buyer then would have to withdraw from the transaction and the seller has to refund their deposit.

That’s why it’s so important that consumers take advantage of the services we provide. According to a survey from the National Association of Realtors, when a FSBO sells a property, they get 10% to 12% less than the market value of their home. They might think they got a good price for it, but they didn’t. A Realtor usually charges you less than that, they’ll get you the full price of your home, and even with the commission fee, you’re still ahead of the game. They do all the work for you.

George is always contributing to the industry and is a valued member of my community. If you have any questions for him, visit his website here.

If you know someone who wants to buy, sell, invest, or work in real estate, give us a call. We can help you align with the right real estate agent anywhere in the world.