July 10, 2023
•
1 min read
A Surfeit of Real Estate Agents: Industry and Consumer Impacts
The Consumer Federation of America released a new report that uses industry sources to document the costs to industry and to consumers of too many residential real estate agents. More than 1.5 million residential agents (including brokers) compete for home sales usually totaling 5 to 6 million annually. The report documents complaints by many experienced, full-time agents of the incompetence and/or inattention of other agents that also harm consumers. And it emphasizes that because of the “surfeit of agents,” real estate agents and brokers feel financial and/or peer pressure to keep commission rates relatively high.
Our Subject Matter Experts
scornelissen@consumerfed.org
Areas of Expertise
Related Articles
September 16, 2026
/ Press Releases
CFA and the Coalition for FHLBank Reform Endorse Rep. Maxine Waters' Bill to Increase Affordable Housing Funding
September 16, 2026
/ Fact Sheets
How Congress Can Unlock $600 Million More Every Year for Affordable Housing
September 09, 2026
/ Blogs
Revising Myths about the Federal Home Loan Banks: A Close Look at Two Recent Studies on the Links Between Advance Lending and Housing Activity