Real Estate Agents Target Record $100 Billion as Home Sales Boom

Bloomberg, July 9, 2021–Noah Buhayar
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.