Boston condos for sale
Middleman Now Rich Man in Real Estate Boom
Interesting article in the New York Times about real estate agents and how much money they make (some of them, at least…).
I don’t think anyone will shed a tear if the housing market collapses and real estate agents have to go back to breaking a sweat to earn their commissions.
In fact, here’s a little tidbit about agents that I found disturbing:
…”Such camaraderie has not changed the general impression that the public has of real estate agents. While the National Association of Realtors cites a survey it commissioned of public perceptions showing that Realtors rank higher than lawyers, a Harris Poll last year found that real estate brokers ranked the lowest of all professions, below accountants, stockbrokers and journalists, in terms of prestige.
Such a poor image likely comes from the fact that agents earn their livings from commissions on closed deals, sometimes creating the perception that they will say or do anything to sell a house…”
Complete article: Middleman Now Rich Man in Real Estate Boom
