In times when so many people are losing their homes to foreclosures, Realtors are making good money still. They still charge the STANDARD 6% that they claim is NOT standard, and someone is buying these distressed properties, someone has the money to buy homes at a HUGE discount. Now NOT all Realtors are Cleaning up with the mortgage crisis that they had a HUGE hand in creating, but especially the Realtors that are part of the group owned by Cendant or the Apollo management group, such as C21, Coldwell Banker, ERA, and Sothebys - for they get most of the "leads" to list the foreclosed properties.
Realtors call their friends to fix up the houses and you can bet they profit share.
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