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Honest Abe says

Politicians and lawyers are 10 X worse than realtors, and actually do cost Americans loads of lost money, but your liberal point of view is preventing you from understanding that.

The average crappy realtor is like a crooked lawyer on a small scale. The damage done by the realtor is relatively low due to the small amount of influence she has. The problem is that there are so many of these damn realtors, and just like with termites the net effect is big.

Let's say that people sell a house on average after 7 years, and there are 100 million houses. That means that 14 million houses are sold each year. The average price is about $260,000, and the realtor cut is 6% or $16,000. That means that the realtor drag on the economy is 14 million times 16 thousand or $224 billion per year. That is equivalent to a tax of about $2000 per working person per year.

YesNot said: "the average crappy realtor is like a crooked lawyer (and politician) on a small scale".

Thank you. Well stated post, and explanation.

The mainstay is that realtors are needless and unnecessary, they simply have no reason to exist besides that of taking our money for doing close to nothing. Unfortunately most of the houses available are bank owned properties and more often than not the bank use realtors as a middle man and we have no choice but to deal with them. And it always a disgusting and unpleasant experience to give so much money for some ignorant, illiterate, and uneducated parasite.

Honest Abe says

YesNot said: "the average crappy realtor is like a crooked lawyer (and politician) on a small scale".

Thank you. Well stated post, and explanation.

At least a lawyer went to college having completed a whole college course work, and then went to a postgraduate degree to be lawyer. Some may not have good ethics, but clearly they are necessary and qualified. Even a 12 years old kid can pass the realtor license test, and they are as needless and unnecessary as it can possibly be.