← back to the archive // episode file

Do Real Estate Agents Even Offer Any Value?

#estateagents#uselessjob#worthless#realtor#realtors
the transcript auto-captions · entered into evidence

0:00 What do you guys think are worthless jobs? What's the What's the most worthless job? Being a podcast host. Yeah, yeah, that's pretty worthless, yeah. That's up there. That's one of them. What we do? >> That's high. Dude, like if there was the like apocalypse right now, like they don't need court jester's. Welcome back to Careful Boyz. So, this video will either make Bart very horny or angry. That's my guess. Okay. There's a post that's going around on social media right now that got a lot of traction. A lot of people are talking about it. The post is real estate agents make two G's an hour and nobody questions it. Two G's an hour? They don't get paid per hour. Like from who? He's basically putting He's basically summarizing how much they make in a year. Right? Uh like all the commissions

0:52 divided by the amount of hours they work. >> Yeah. So, here's So, then he then he says, here's what they actually do to sell your $400,000 house like for an example, right? >> Okay. List it on a website. Takes 20 minutes. Take photos or pay somebody. Maybe that takes an hour. Copy paste a description from their listing. Maybe that takes 15 minutes. Schedule viewings or host yourself half the time. Two to three hours. Forward offers to you via email. Maybe five minutes each. Sit in the closing meeting. One to two hours. So, he's saying like 12 hours of work, $24,000 commission. A brain surgeon makes $250 an hour. A top lawyer makes $500 an hour. Your real estate agent makes $2,000 an hour to unlock your front door and forward your emails. That's messed up. >> That's because he's just thinking about the task, not the network. >> And that's like that's not spread evenly amongst every realtor out there. >> Yeah. Yeah. There's a lot of realtors making zero for the year.

1:42 >> yeah, and he's also not factoring in that's the one house they sold versus the other five houses they did all of that work for that they didn't sell. >> Stupid way to look at it. It is a stupid way. Cuz how many viewings did he show where he didn't get paid for? >> Yeah, cuz you got to list like hundreds of homes to sell like five. >> right now for agents. They're all becoming only fans right now. Yeah, dude. It's a good way to hire more for your multi-level marketing realtor scams. Yeah. You got to bait them in. You got to >> math wrong. This guy doesn't know ████ about business. That's what Well, that's what some people are saying. Some people are saying Well, there's a lot of hate out there for real estate agents because Well, the barrier to entry is so low. You could be any jackoff and be one. >> the joke ends up being on them when they can't sell a house. It's not like that doesn't affect us. That affects more realtors that don't end up making any money. I mean, there are a lot of ████ agents.

2:32 And you don't really need them. >> that But also it saves hella time. >> Yeah, it would be different if this was like a gate keep gatekeeping kind of like industry or profession, right? The fact that anybody can be a realtor and like have access to $2,000 per hour of work, it's like cool. Yeah, that's the lure. Then it would obviously be like it would make sense why somebody's like, "Dude, they get paid so much." Everybody's trying to be one. >> Then go do it. Yeah. If you If you hate it, go do it. They represent themselves. They ████ get They get all the certs. And then they're like, "I'm going to save the money because I don't want to ████ you know, share this percentage with anybody." Well, it's like any service where you can't be bothered to learn and do it yourself, like wedding planning. You can do it yourself, >> Yeah. but it's easier to get someone else to do it. >> Way easier. Or fix your car. Yeah. And at least there's there's contingencies at least if something goes horribly wrong. >> You know. Yeah. Yeah, fix your car. That's a big deal, too. >> hell is So, there's so much hate for real estate agents out there that so

3:22 many people are going like, "Yes, get them. Get them." Cuz they're like, "You're not doing that much work." >> Is that the the argument? They get paid a lot for a little work. >> think I think a lot of the hate for real estate agents comes from real estate agents having social media now. Mhm. Cuz I think I think when you didn't know them and you didn't see them, you don't hate them, but it's because they make so much ████ content. Yeah. It's like a lot of them just seem hate hate like hateable to you. >> Cuz I'm For me, I'm like either one, if you hate them that much, that means there's probably a little bit of like they make too much money, then just join them. Or the other one, if you think they're not really worth it, then just represent yourself. Yeah. Then you don't have to pay the commission. >> problem to solve. >> Yeah, if you have the confidence to go through the whole transaction, then just represent yourself. But just so many of them aren't making that much money, at least >> Most of them are. Statistically, what? Like most places have more houses for sale or more more realtors than you do houses for sale. >> A handful that are crushing it and a lot

4:13 of them like you'll meet agents and they go, "Oh, I also do a a catering on the side." And you're like, "Oh, this guy can't do full-time agent because he's just busy he's like not that good, you know?" Mhm. That's so funny that people He did Yeah, I think one thing that they fail It's not $2,000 an hour. That's if the sale is successful. So you have to factor in all of the sales that didn't work out and and then how many they listed how exactly and then you do like 10 viewings and no one still bought the ████ house. So it's like you got to add all of those hours. I actually think they don't get paid that much. >> Like you want to hate somebody with a job, hate those freaking corporate people that take you on a tour of their work day at Google campus and they don't do ████ the whole day. That's who you should hate. Those people are amazing. And I hate By hate I mean By hate I mean be horribly jealous. Yeah. Like 5:00 p.m. cappuccino on the rooftop. And then

5:04 they do about 2 hours of work. And then they get laid off and they're crying in the next video and it's like, "Dude, that's who you should be focusing on." It's way crazier when you get like a itemized uh bill from like legal counsel when you're like going through some crazy ████ and then you see like each email to like 15 minutes and is billable per this price. Ouch, yeah. >> You're just seeing Lawyers make a lot of money. >> Yeah, and you're but but even then we we so quickly accept that too, right? It's like if you're in business and and you do anything with law, it's like you just accept that like this is the price you're willing to pay because like you have to What are you going to do? You have to dance this dance. Right, you have to. >> Or you forget how that's billed. So you're talking to a lawyer and having a good ass conversation about the situation or talking back and forth like, "Okay, cool. I think I'm getting a good understanding." And then later you're like, "Oh ████ I just talked to this ████ for an hour." And then you see the BILL YOU'RE LIKE, "F███!"

5:54 >> YEAH, THAT WAS LIKE a $300 hour conversation. Yeah. >> He's like, "$500 for your listening to your tiger story." At least lawyers had to jump through crazy hoops and pass the bar and do all this stuff. That's the thing. And then chances are even with like, yeah, schooling they're they have to charge that much to exist in that space in one sense. And they can get disbarred. But then like realtors kind of just don't have to do that kind of stuff. >> "If you're unhappy with your realtor, there're a dime a dozen, bro. Get a new one." >> think the person complaining has a realtor. I think they're mad at realtors like making that much. >> Yeah. They're like from outside. >> an open house, they're like ████ swirling around you. Like like, "Do you have a Do you have a realtor yet?" Like, "Ooh, let me give you my card." >> I know. I always feel so bad when I go to open house just to look. Yeah. Cuz I know I'm wasting the ████ out of their time. >> they know you're wasting their time, too. It's their job. I know. It just

6:45 sucks. They're not getting paid for that, but that's the whole point of the $2,000 an hour being split up with like their entire profession. Yeah. That's like That's like when I have to like open a car dealership in another country and I get a couple thousand dollars for that job. It's like technically for that one grand opening dance I'm only working for like an hour. So, it's like you could say I'm making my entire fee from like that one moment of service, but then that's discounting like the travel, like the being there, the being there for 4 days, uh Just the years of experience to get good enough for that job. >> That's too right. That's too easy to think That That's like That's what people had to start doing on social media when you're talking about like, "Why do I charge this much for my photography?" Well, what about the years that it took to block You know, it's like It's so true. It's It's just also sometimes tough to swallow because if you can't comprehend like the the depth of discipline that somebody had to put into like be good at a craft, then you're not going to

7:36 ████ get anything anyway. >> know anything about like photography for example, like then you're like, "Oh, what do you do? You point and click?" Give me a ████ break, buddy. You know what I mean? Yeah, 100%. >> people view labor because the real con is just money making money. So, like if you're used to thinking about earning money in terms of providing a skill or giving up time, then you value everything in that way versus making a trade or like >> Yeah, like stocks. They're just sitting there doing nothing. Or if you own an asset and it's generating income, then you feel like, "They're not doing s███." But, it's like, "Well, they built the infrastructure around it." Or like, "They're just smart." So, yeah. >> are worthless jobs? What's the What's the most worthless job? Being a podcast host? Yeah, yeah, that's pretty worthless, yeah. That's up there. That's one of them.

8:28 What we do? That's high. Dude, like if there was the like apocalypse right now, like they don't need court jester's. I think there's a lot of government and city jobs that are worthless. Yeah. >> Oh, yeah. >> And I'm only saying that because I've watched so many of those I'm like addicted to those investigation videos where they follow them around and they don't do ████ all day. >> same stuff. >> they ████ invoice that they did 30 calls and they just went to the ████ movies. Yeah. Like I think a lot of those are and Did you see the one about the judge? She was doing that same thing. I did. I did see that, yeah. Yeah, she was saying that she did so many cases and she She's going to get her nails done? And she never reported into the courthouse like at all. Yeah, I think I think at the city level that because everybody's doing it, they don't want to rat each other out and get themselves ratted out and then it just becomes one big thing of All they need is an outside auditor to come in and trim the fat and never come back. >> It was a California city. >> Bell. Bell, man. Bell, those guys were killing it.

9:18 >> like a million dollars a year and they're like, "What the hell?" And all of his people around him were getting paid a s███████ just to chill. Yeah, that was crazy. A lot of like city administration stuff is kind of ████ yeah. Happens in the private sector, too. Like if they need to make a company look successful and then they need to spend VC money, you just create useless roles or you hook up your friends with like creative director roles, you know? I think everybody who worked on the everyone who worked on the rail system for California has got to have a useless job. Dude, rail the the rail scams, bro. That's that is a whole way. That's got to be a useless job. >> Big useless job. >> happened and and how many billions of dollars disappeared? The Hawaii rail was wild, dude. 12 billion for that one. And it's like 2 mi. It's like >> They never finished it. >> And it's only like 2 mi and it's like >> And and were the main people who got

10:08 paid for that? Were they locals? No. A lot of the money got pulled out. >> That's got to hurt the most, dude. People are pissed cuz >> money left Hawaii and it went outside Hawaii. >> They hired some Italian company and everyone's like even in Europe they're like Italians are the worst ████ workers. Like why did you guys hire a Japanese company? >> Italians are the worst workers, really? Think about like the day of like four breakfasts or some ████ And they have like They work like 3 HOURS A A DAY. >> AND THEY GOT to have a nap in the half in the middle. But they're like we make cool cars, we might make cool trains. They hired an Italian like train company. >> a Japanese guy, dude. Exactly. That's what Vietnam did. Too fast for Hawaii. >> They're known for trains, dude. We can't we can't have bullet trains over there. We got to have like chill trains, you know? Yeah, they could have contracted a German company, a British company. They're just known for like that kind of

10:58 infrastructure. But it was it was just, you know, like homies getting paid out, you know? What do you guys think is the first job that gets replaced by AI? Like fully. Like soup-to-nuts all the way. First job? >> Yeah. I think the people that work at AI places. Yeah, that's for sure the first one. Well, like developers. Developers who are like writing code for AI. The first thing that they have to do and I was I was watching this whole article and read this whole thing. The first technical job that they have to do to scale AI is to have AI be able to code AI. So the second they can successfully create that in order to actually have a scale, the people who are coding it are losing jobs. So, unless you're like the actual lead for stuff, like right now the whole AI conversation is crazy with like Claude code and Claude bot and stuff like that, but that's a whole different conversation. >> blue collar is the last. >> Yeah, for sure. I also think so. But the fact that we're already walking into like every fast food joint and there's

11:49 no more cashiers and stuff like that because you're just going to a screen. That's not even AI, but like that times like every sector times a million. But that also happened because they fought for higher wages, which was sad. But then In-N-Out crushes and they pay their people well. I think that it'll be the discrepancy where the more AI there is, the more people will crave human interaction, too. Yeah, it's true. Yeah, cuz experience you can't >> But you But that'll be like maybe 10% of the margin that like is that craving. >> Exactly. Yeah, yeah, yeah. It's like a It's like a drive-in movie theater. Yeah. The novelty of it, yeah. >> of it, but >> Obviously AI's going to take over all the stuff we don't want it to first, which sucks. But In-N-Out's bomb, though. In-N-Out's bomb. Did you guys see the video of that robot who the It's like this robot that came out. I think we talked about it, but like they found out it was just some Indian cat like >> Yeah. controlling it >> controlling it from like afar?

12:39 So, he can see inside your house and ████ >> There's a lot of outsourced cashiers right now. Like someone from the Philippines is just a screen. >> That's the same with the with the driverless cars. It's actually a a Filipino dude >> doing an RC car. >> Yeah, there's a Filipino guy that's that gets the alert if the car is doing something it's not supposed to and they'll correct it. >> he's just taking care of it. But then that happened with the with the AI coding company, too. They It was supposed to be they raised all this VC money and then it turned out that there was just a guy coding it from the other side. Didn't they have like another one? It was like not ChatGPT, but like Chat GBT or some ████ like that or it was They were trying to copy OpenAI, similar logo, everything and people that didn't know, they went on that one and it wasn't actually like >> It's just Google. Chat LGBT?

// end of tape