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How to Make Money While Commissions Decline
Manage episode 399858260 series 3410240
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A recent analysis by Keefe, Bruyette & Woods suggests that the annual $100 billion in real estate commissions might see a reduction of up to 30%. This could potentially result in up to 1.6 million agents facing a loss of their income. Although commission rates are open to negotiation, the trend indicates that buyer's agents might be at a disadvantage. As more homebuyers choose to either skip using their services or push for reduced commission rates, buyer's agents could find themselves earning less. Rather than be an agent statistic who exits the market, we would rather show you how to deal with the world of declining commissions.
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WATCH NEXT
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▶ Secrets to Dealing with Difficult People in Real Estate - https://www.youtube.com/watch?v=PebuhxebUUA
▶ The 5 Deadly Listing Mistakes - https://www.youtube.com/watch?v=PDWXss9AsJM
▶ NAR Verdict Reaction - https://www.youtube.com/watch?v=u9iljs_vSNs
▶ The Secrets to Succeeding as a New Real Estate Agent - https://www.youtube.com/watch?v=zPGNyBTNeVs
▶ Agent Commissions Getting Cut by 30%? - https://www.youtube.com/watch?v=zRif4ZpOhmQ
▶ Don't Waste Time Showing Houses - https://www.youtube.com/watch?v=a7DBOUh8APY
▶ 10 Things Your Lender Doesn't Want to Tell You - https://www.youtube.com/watch?v=bE2lm2YMAI4
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