Friday, November 12, 2010

Get Your RE License Now and Get In At the Bottom!

If the following data is any indication (right or wrong), home prices will catch the 50% decline in RE pro commissions sooner than later. Some agents have obviously just NOT managed to score themselves a good break/sucker lately!

"According to Lawrence Yun, Chief Economist at the National Association of Realtors, gross commissions for real estate agents are down 50 percent from their peak. That essentially means that the real estate industry is playing with half the money it did back in 2006."

"And then we have the other kicker…
The ranks of real estate agents has only fallen around 25 percent. That means the if there was 100 dollars of commissions for every 100 agents at the peak of the market, there is now only 50 dollars for every 75 agents."

Source 1

Source 2