Im not overlooking anything. It was white collar crime and appears to be a cover up by the other execs. It is an indictment of leadership of a trade association not the industry.
FWIW there are plenty of problems with the industry as there are all industries. The compensation of agents persists because it is what works.
Ive been doing this for over two decades. Ive made people millions, never gotten so much as an irate call from a past client, never had a single black mark, have kept far more people out of making mistakes by advising against things that personally cost me career earnings that must be close to $1M over those two decades. Someone with my experience, track record and skills would not have a hard time justifying a billing rate of $100/hour. Lets cut that in half to $50/hour
I go out with people all the time for 4 hours. Potential buyers arent going to write me a $200 check each time I do that let alone $400. Most of them end up not buying anything
My clients call/text me all the time. There is NWIH they would pay me each time they call or text for advice or with a question. Most of them end up not buying anything
I spend hours doing research for my clients trying to find them the right thing. they would not react kindly to weekly bills of $200 to $500 just for the work I do behind the scenes. Most of them end up not buying anything
If I could only bill those that actually complete a transaction I would be better off working at In n Out, we all would and the industry could not exist.
The system is what it is because it has evolved over many years with countless disintermediation attempts but nothing else works
If you have a better way Im all ears. Billions have been spent trying to find one by some pretty sharp folks
