You have a whole real estate industry, NAR and NAHB, pushing the "a home is your best investment", "buy the most house you can afford", and "house prices never go down" story and you have a recipe for disaster.And, now we're living that disaster.

@Ashley Wise @Brian Pulaski @Chris Jensen The numbers from NAR consider Flat Fee as an agent, not as FSBO.

REALTOR is a term coined by NAR (National Association of Realtors).

Seller might see you as a headache and move to take an offer from another buyer.They offer classes on contract updates and stuff like that from NAR or local REALTOR association.

Join the NAR and your state's Intl Committee.   

Give us dets....

We pay for our license, continuing education, NAR membership, state and local Realtor board membership, MLS, E&O, marketing, lead generation, websites, desk fees, gas, etc.And if you're thinking that we're making a killing on our commission, don't forget that on a 5% deal, that is commonly split 50/50 between the listing and selling office. 

The NAR Code of Ethics is clear on this...and the Code of Ethics is the Law in many states.

This is according to NAR and other studies.

(Gross Profit of $65,000 per flip sounds enticing - But, and it's a BIG BUTT, Here is what they don't tell you: The average NET Profit is $15,000 (according to NAR).