It’s a tough time for Realtors on the Central Coast. There are 2600 Realtors throughout the Central Coast (plus people that have their real estate license that aren’t Realtors). In July, we had 365 total sold residential transactions. So, if you do the calculations and count 2 sides of a transaction for commissions (Buyers Agent & Listing Agent) you have 2 x 365 = 730 commissions.
If you assume that of these 730 commissions, no Realtor received more than one then that would mean that almost 1900 of the 2600 Realtors made no money in July. But the reality is that some Realtors did mulitple transactions, so the number of Realtors that made nothing in July is much higher.
Thought I’d pass this along in case you were thinking about getting your real estate license….