Since real estate rates have fallen significantly, real estate agents and brokers’ possible commissions have decreased as well. The decrease in commissions, however, can be more than compensated by the increased number of properties that can be sold. One of the keys to making this a reality for real estate practitioners is obtaining quality real estate leads. This is due to the fact that there are much more properties available now than there were before the bubble exploded. see here
The number of homeowners who are underwater on their mortgages has risen to the point that a substantial number of them have decided they can no longer afford to live in their homes. They would rather sell their home and purchase a similar home at a much cheaper price, taking the loss to increase their cash flow by making a lower monthly mortgage payment. And, since there are so many properties to choose from, these people had no trouble finding a suitable home at a reasonable price.
Another effect of the growing number of available properties is that a rising number of people are becoming first-time homeowners. Since house prices are dropping, an increasing number of people are able to buy a home for the same amount they pay in rent. As a result, rather than continue to rent, these people should purchase a home.
All of these factors point to a greater need for real estate agents to assist in the purchase and sale of all of these assets. As a result, even though prices have dropped, the number of available properties, buyers, and sellers has increased, more than compensating for the reduced prices in terms of how much a real estate agent can earn in the current market. And, as we all know, the more customers a real estate agent has, the more assets he or she will sell and the more money he or she will make.