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

From 2004 through 2007, residential real estate agents enjoyed a golden age.  (In fact, making money by brokering real estate looked so easy that membership in the National Association of Realtors grew from about 750,000 in 2000 to more than 1,300,000 in 2007.)  At the same time, the amount of time or effort necessary to sell a house declined significantly in many markets before the real estate bubble burst, as eager buyers snapped up houses as soon as they came on the market.  Many residential agents had been earning huge sums—sellers were paying ever-larger fees as home prices escalated. Today,…

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