Real Estate Agents Are RUNNING OUT OF MONEY!

Ever since 2022, the number of active real estate agents has been consistently dropping, and since the National Association of Realtors knows this, they are now hiding the data so we are not fully aware of how many agents are in the business. But it's more important to look at why are they running out of money. It's because the housing market is so unaffordable that transaction volume is lowest that we have seen since the start of the pandemic.

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[daveblackman]

And the world’s tiniest violin plays. Most realtors these days do nothing.

[patriley]

I was a realtor for 4 years and left the industry because most of the other realtors that I dealt with were not concerned for their client. They were concerned with how much money they could make. These people are generally narcissistic people who want to be rich and cool with a minimum of effort.

[TRC]

They’re desperate and I love to see it. 6% commission for simply listing a house on MLS was always robbery

[barbarapatino]

I did it for 14 years left in 2008 when the bottom fell out of the market. I did rentals for a while to keep my head above water then they dried up too! I prefer to not live on a rollercoaster I needed to take care of my family and needed a steady income. So many shady agents who will lie all day and I did not do that. Also other agents stealing clients I was just done with the BS

[NicholasBall]

Purchasing a home is already a very difficult thing to do, unless you pay cash or don’t get a loan from the government. If only my minimum monthly house payment, over the course of 30 years I’ll pay more than double what my home is worth. I purchased before things got crazy so I got a good interest rate. I couldn’t imagine trying to rent or buy right now.

[RonaldMarcotte-hsqn]

Yes, my heart bleeds for those agents that’s been sucking the homeowners dry for decades.

[bhazleton]

Realtors are running out of money ? it's about time.

[patrickfrost]

My real estate agent wanted $34, 000 for listing my house and handing me a sign to put on my front lawn. After 5 months of numerous lookers but no buyers I was finally able to get out of my contract and keep my home. It was the best thing that could’ve happened. I’m done with these rip off agents that do nothing. They bring a new meaning to the word lazy.

[youtubetroll]

over inflate the house, to over inflate your property it's genius!!!

[MM-igzq]

Not even the realtor that represents you has your back. They only care for their commission.

[PatrickFoley-vflr]

I have had nothing but bad experiences with anyone and everyone involved in real estate, from banks to agents.

[shonuff]

To be honest, I don’t even know why we have realtors anymore. With all the tools on the Internet and considering the fact that they really don’t do anything anyways.

[scottpatterson]

Your honesty is appreciated. The financial manipulation in real estate industry is a fraud on the public.

[JDBloodstone]

Yesterday I told someone they could write For Sale with crayon on a blank piece of printer paper and tape it to your mailbox. On my way home I actually saw a similar sign. Today it’s gone. Home sold. No realtor, no commission.

[operationretribution]

There are realtors here in Southwest Ohio that have posted to their Facebook, they will refuse to list a house if they don't get their 6% commission. IMO looks like there will be a lot of realtors going broke faster.

[muzikmonkeyman]

In 2006 I went online, found a good amount of homes I was interested. I printed out my list and also did some fact finding on some of the homes. I met with a realtor, she had all of the same homes and a lack of info on most of them. What a joke.

[davidhunternyc]

When waiters run out of money, they're called, "losers." 
When dishwashers run out of money, they're called, "losers." 
When McDonald's workers run out of money, they're called, "losers." 
When real estate agents run out of money, "It's a three alarm fire!"

[SackTheBoard]

We're all running out of money, Michael.

SHOW ME THE MONEY 💵

[Juliet]

LOL Everybody and their mother was an agent during FOMO. Thanks Michael and have a great weekend!

[celestialtl]

Good. Realtors aren’t worth what they charge. If a house was priced like a good deal the realtors would always buy it