I think the industry is about to suffer an agent shakeout. It isn't just about the sales volume, it is about the sales worker volume. I think a new entrant will need to really ramp up their marketing skills as well as their negotiating skills. I don't think tomorrow's seller will pay full sell commissions without added value (staging and professional photography for a start).
Here is an interesting thread on a Realtor(R) blog I read regularly, responding to the Madison Wisc study:
For-Sale-By-Owners sell for more because agents sell for less | Rain City Guide | A Seattle Real Estate Blog...
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Duck bjorn.
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