It has zero impact on your life until you try to buy and sell a house!
It has zero impact on your life until you try to buy and sell a house!
Uh huh, but that's utterly irrelevant to the question you asked: whether I, as an "attorney[] who invested years and money in graduate school . . . [am] bother[ed] . . . that someone with no particularly unique skill set makes 30-60k for pushing papers." I'll also point out that I disagree with the premise that realtors have "no particularly unique skill set" or do nothing other than "pushing papers."
By the way, it also doesn't bother me that MLB agents get 4-10% of their clients' earnings for years after their work has been done.
Exactly.
As an "attorney[] who invested years and money in graduate school," I know this and also know that fees are always negotiable.
If you are going to put yourself in front of tens, if not hundreds, of thousands of people giving advice on what you do not specialize in, you shouldn't have such thin skin when you are called out for being wrong.
That is because nothing bothers attorneys due to them never being wrong, that they are devoid of morals, ethics and having any concern for people in general. All that matters to them is if they can BS the other party and win.
Adjusterjack, what is the difference between the point in time of earning the commission and the point in time you get paid?
In my mind, if I perform a job (buyer enters into contract) and earn the pay, then I am owed that money. How is that different here (realtor doesn’t get paid unless home sells)
It's like any other commission. It's a percentage of the money paid to the seller. If the seller for one reason or another receives no payment, then there is no money to pay the commission.
The contract for the commission however, is valid when the sales contract is signed. The difference between commissions on ordinary products sold, and real estate, is that a contract to buy/sell real estate has certain contingencies because of the nature of buying real estate.