Lendingbubble,
You’re right. The commissions on very high priced homes are too high. In some areas (Not really San Diego though…yet) agents stagger their commission based on the price of the home. The higher the sales price the lower the commission percentage.
Good Realtors will always make way more than $30K-$40K…(If you were good at your profession and only made $30,00-$40,000 wouldn’t you quit and do something else?) Really good realtors will always make several hundred thousand dollars per year…even with the competition from the discounters. A slowdown in the market and increased competition from discounters will have the largest effect on the “fringe” agents that aren’t making a great living anyway…
