How Do We Get Paid?
Agents are generally independent contractors, not employees.
There's no salary involved and no regular pay-day. As independent contractors, each agent must pay self-employment taxes, their own medical insurance, errors and omissions insurance, licensure fees, access fees for the MLS (multiple listing service) as well as their own business expenses - mobile telephone, mileage, etc.
We work on a contingency basis - we are only paid if and when a deal closes.
So if a buyer's financing falls through or there's a problem with the title and the sale doesn't close, the agent isn't paid... period. Because of that, we are very committed to working with you and making your transaction a successful one.
We have a fiduciary duty to you.
That means if it's not in your best interest to buy or sell, we'll advise you to walk away - that means we don't get paid. Now that's commitment! Accordingly, we ask you to be willing to commit to us. Sometimes it's not a 'good fit' and we'll both move on in those rare instances because we need to be able to work as a team. But once we meet and start working for you, please stick with us.
Not all licensed real estate agents & brokers are Realtors®. To use the registered trademark Realtor® an agent must be a member of the National Association of Realtors®. Arlynn Robinson is a licensed professional Realtor® and as such must follow the strict Code of Ethics set forth by the National Association of Realtors®.