real estate commissions: What happens to Real Estate Commissions in an Economic Downturn?
- 12/11/08 11:47 PM
Remember the housing boom that spurred the seller's market that started this whole economic roller coaster ride? Seems like a decade ago even though it was only a few short years! During those days, many of the discount brokerages rose to fame, touting increasingly lower fees with "full service" representation. FSBOs flourished. Redfin and the like took to the internet to grow their agent-free business model. If you divided all the commission paid by the price of all the houses sold, I would guess that the average commission was lower from 2003-2007 than it had ever been. Now the tide has … (3 comments)
Remember the housing boom that spurred the seller's market that started this whole economic roller coaster ride? Seems like a decade ago even though it was only a few short years!;)
;)
