Hi. I'm Kimberly Kelly. The 1% Realtor.
Real estate commissions have been around since the early 1900s. At 2.5-3% of the sale price of a property for both the seller's agent and buyer's agent, this was reasonable as the average house was $3,500 in 1910, generating a commission of $105.
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Now home values are disproportionality high compared to typical wages. Realtor's commissions haven't adjusted along with other industries, such as As the internet has made it easier for buyers and sellers to access information about properties, these commissions have not adjusted with technological changes in the industry, unlike
While commissions are negotiable, many agents are unwilling to lower their rates. The average agent spends 80% of their time marketing, and 20% of their time producing. I am turning this model on it's head. By dropping my commission to 1%, I am able to spend 20% of my time marketing and 80% of my time producing.
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