Industry Analysis & Industry Trends
Despite having a short modern history, the Real Estate Agents industry in China has developed rapidly over the past decade, in line with the high growth across China's real estate markets. China's large population, the accelerating urbanization process, rising household disposable income and strong economic growth have all contributed to the development of the real estate market. As a result, there is increasing demand for real estate agents in China to meet the expanding market volumes, requirements for higher transaction efficiency, and professional divisions across real estate development enterprises.... purchase to read more
Industry Report - Industry Investment Chapter
The Real Estate Agents industry in China has a large number of sales staff to promote real estate sales and rentals. A substantial share of industry revenue is paid to employees in the form of wages, with the bulk of revenue being paid to sales staff in the form of commissions. Other types of enterprises such as real estate consultancy and evaluation firms rely on qualified professionals and their labor costs are even higher. Overall, labor costs are forecast to account for 40.7% of total industry revenue in 2011.
In daily operations, capital expenses in this industry are low. The main equipment in real estate intermediation enterprises are computer and internet equipment, which is used for management of sales, customers and real estate information... purchase to read more