Industry Analysis & Industry Trends
The still young Real Estate Agent 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 There are about 37,928 industry enterprises employing 483,674 workers with a payroll of $8.7 billion in total wages.
Over the five years through 2013, the industry has grown at an annualized rate of 17.7% to $22.4 billion.... 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.
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 the management of sales, customers and real estate information. Most branch offices are rented rather than owned... purchase to read more