Over 1000 agents have fallen off the list, offices are closing or being bought out by the bigger companies. Here in Indiana there are two major fees or dues coming up. To add to that they have just increased them by over $200.00 a year. Advertising and other services are gong up. Will the agents that have made a living off giving the listing service away be able to make it. I have been in closing were the listing broker did not make a dime, then there are many that are making under $500.00. When you consider the average agent has one closing a month and the better ones having 4, how can many of these people and companies make it. Are they getting other full time jobs and just doing this has a hobby? If so then is it a good thing that this market is filtering out the week, leaving the strong to enjoy the market when it does turn around.
With the cost involved with marketing each listing and just staying in business how can they make it, is full service fee (7%) a bad thing or a requirement. Don't you feel you work hard for the money? I guess only time will tell.
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