Droidlivesmatter t1_jeboo2p wrote on March 30, 2023 at 9:03 PM

Reply to comment by EvilCeleryStick in TIFU by sending 😂 to my realtor by throwaway_blue22

I worked in the backend (finance) of real estate brokerages (3 different ones)

So so many lawsuits. (Good luck proving it. Lawsuits happen, many real estate agents have liability insurance.) Actually, there was a 9% increase of lawsuits in the USA from 2021 to 2022 against agents and brokers.

I've seen such scummy behavior and I've worked with over 400 agents in multiple brokerages. The top performers who sold the most? Two faced people who lie and cheat their way for profits.

They get sued yep. Often gets dismissed. I've seen them get penalties from the real estate boards.. which are a fraction of the commission. They get a $25,000 commission from a sale. They get hit with a $5000 fine. Cost of doing business still made $20,000.

EvilCeleryStick t1_jebuyp6 wrote on March 30, 2023 at 9:45 PM

9% increase. From 75 to 82? From 10,000 to 10900? What are we talking about here?

The guy I'm talking to says all realtors, no exceptions.

I would argue that some realtors are scummy. This is true for most professions. I would also argue that most realtors are not scumbags. They might be bad to deal with (as another agent, inside the office etc) but I bet more of their clients are happy with the results they deliver than arent and had to sue them. Or they wouldn't be a top agent.

It's spurious to suggest that all realtors are lying scum when we know there are some, but it's not a majority.