Residential sector in the real estate market has started recovering slowly and the number of unsold houses has stopped shooting up. Houses which command rates of more than a million dollar are still suffering but this can be a good bargain for some. This is the present scenario in the real estate market of America.
People who have taken the brunt are real estate brokers to whom nobody is willing to pay high commissions as prices are falling like pack of cards. Buyers are in no mood to take out money from their pocket and hand it over to the brokers.
As per the law house owners are required to go through multiple listing service in which case a broker is required. As a result a seller becomes helpless without a broker but internet has changed the things for good and with the aid of Escrow services one can avoid expensive real estate brokers and attorneys. As the real estate market is changing so is the future of real estate brokers and they are being overlooked in this market completely.
Via indiadaily
