Real Estate
Real Estate Agents Target Record $100 Billion as Home Sales Boom
- Fees for helping to buy, sell houses are surging in hot market
- Broker cut of homes sales has drawn scrutiny in recent years
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The hot U.S. housing market is poised to deliver a banner year for real estate agents.
Commission revenue -- the cut that brokers collect for helping buy and sell homes -- is on track to surge 16% in 2021, surpassing $100 billion for the first time, according to a new analysis by Knock, a property-technology company that lends customers money to buy a new home while helping them sell their old one.