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That kinda sounds like the mafia. Let me rip you off a little, so that I can make sure nobody rips you off.
Look i'm not blaming the realtors, I don't think they are knowingly conning every customer.
They go and pay half of the commission to someone who provided vary little service to them. But as a consumer I am still upset the industry takes too much money from the consumers for the amount of work being done. I don't care if they are supporting more jobs than are needed, or if one guy is making millions off our backs. Its too much either way.
When I hire a brick layer, I pay $100 an hour, to show up with a Van and Tools. They don't charge me for the gas, or the people in the office, or to put then next guy through brick laying school. And by the way a stonemason probably has about 6x the training of a realtor for his job.
Maybe there are just too many realtors or the barriers for entry into the industry are just to low, or there is too much being put into the real estate board. But at the end of the day, consumers are paying for more than the service they are receiving. And that is not fair to the consumer.
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