Tyson Smith argues that becoming a realtor is a bigger business than real estate itself. Aspiring agents pay $2,000 to $3,000 upfront for school, exams, and fees before they ever list a home. Many never practice, so the National Association of Realtors profits from the licensing pipeline regardless.
I think that becoming a realtor is a bigger business than actually being a realtor. So what I mean by that is how many people go and get their real estate license and never do a fucking thing with it? So many people. How much does every single one of those people pay to go through real estate school? And then after they go through real estate school, they have to pay to take the test. And the average person does not pass the test on the first time. It takes them fucking 3, 4, 5 times, and they have to pay every single time they take it. And then once they do get their real estate license, now all of a sudden they've got to pay their realtor fees and then their their regional realtor fees, and then their fucking Supra key thing. They've got a million different things they gotta pay for. By the time it's all said and done, you're probably like $2,000 or $3,000 into it. And then most people never make any money. And what I mean by this is I think that becoming a realtor is a bigger business than actually being a realtor. Because the National Association of Realtors, NAR, has gotta be fucking raking it in.
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