Governments of late have taken credit for injecting billions of dollars into large economies to add more jobs and less the risk of a recession or depression. Well, in a smaller but significent scale, Realtors are doing the same important task here in Prince Edward Island, Canada.
One Example may help to backup the claim that Realtors STIMULATE the economy. Recently this Realtor sold two side-by-side oceanfront lots in Prince Edward Island, Canada. Before they were sold, the lots were just "sitting there". Since the lots sold much action and many jobs resulted. A Construction company was given a lot of work in building access roads, hauling fill, etc. Then power lines were installed by a Utility Company in PEI which gave work to many of it employees, and also supplied revenue to the company. After this, cottages were build giving work to carpenters, electricians, well diggers, septic tank installers & other trades people. All in all, the selling of these lots "started the ball rolling" for significant spin offs in jobs & revenue. The hardware stores who supplied the materials gained greatly in revenue, and job security for its workers. The PEI Government made significent tax revenues from the sale of building supplies, etc. which can be used hopefully for the good of PEI citizens.
This is only ONE EXAMPLE of how one Realtor selling one property can stimulate the economy and stimulate WORK for many trades people. The better news is that stimulation is happening thousands of times in PEI because Realtors all over PEI are selling many vacant lots & houses that will stimulate the PEI economy.
Realtors probably are criticized for making too much commission and being too crooked ( that may be the case in some instances), but the viewing public forget to think of Realtors in the PEI Real Estate association as honourable citizens of PEI who STIMULATE the PEI economy in a very significant way.
That's it for now...
George W. Jordan, Owner/Broker, Red Soil Real Estate Inc., http://www.buysellpei.com