Internet-Based Home Sales and Cheap Commissions Rock Residential Brokers, Business and Industry Trends Analysis

Today, the real estate broker as an intermediary is facing intense competition from internet sites that connect buyers and sellers directly.  A good analogy can be found in the travel agent industry, in which travel consumers have turned to the internet for a vast portion of their purchases and information needs, and travel agents have been forced to downsize or become providers of enhanced services, unique expertise and value-added packages. The days of 6% commissions for real estate brokers are under pressure thanks to maverick real estate brokers such as Foxtons (www.foxtons.co.uk ) and ZipRealty (www.ziprealty.com ).  Instead of the…

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