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Real Estate Ranks Among Most Overpaid Jobs
'Vast sums' earned for selling luxury homes 'stupefying'
Monday, November 17, 2003
Are Realtors among the most overpaid people in the United States? A recent CBSMarketWatch story ranked "real estate agents selling high-end homes" sixth on a list of 10 jobs that "take home bloated paychecks far beyond" what they "deserve," according to human resources consultants and headhunters. "Anyone who puts in a little effort can pass the test to get a real estate agent's license, which makes the vast sums that luxury-home agents earn stupefying. "While most agents hustle tail to earn $60,000 a year, those in affluent areas can pull down $200,000-plus for half the effort, courtesy of the fatter commissions on pricier listings. "Luxury home agents live off the economy's fat, yet many put on airs as if they're members of the class whose homes they're selling, and eye underdressed open-house visitors as if they're casing the joint," wrote Chris Pummer, personal finance editor for CBS.MarketWatch.com in San Francisco. Also on the CBSMarketWatch list in rank order from the least to the most overpaid (among the overpaid) were wedding photographers, major airline pilots, West Coast longshoremen, airport skycaps, "motivational speakers and ex-politicians on the lecture circuit," orthodontists, "CEOs of poorly performing companies," "washed-up pro athletes in long-term contracts" and—top of the list—mutual-fund managers. | ||||||||||||||||||||||||||||||||