Should Realtors increase there commission?
I believe that Realtors should move up their commission rates. Below are reasons why it should be moved up.
1) The increased amount of short sales, foreclosure and HUD homes.
2) Dealing with banks, asset management companies, Fannie Mae and Freddie Mac.
3) Lending becoming more and more difficult.
4) HVCC-need I say more.
All these variables have made it very difficult for Realtors to earn a good income. I am not a Realtor but I have seen many friends and colleges leave the industry. They are working hard for the commissions. They deserve a pay increase!
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