Real Estate Agents Eye Record $100 Billion as Home Sales Boom

The hot U.S. housing market is poised to deliver a banner year for real estate agents.

Commission revenue -- the cut that brokers collect for helping buy and sell homes -- is on track to surge 16% in 2021, surpassing $100 billion for the first time, according to a new analysis by Knock, a property-technology company that lends customers money to buy a new home while helping them sell their old one.

The increase comes despite a slight dip in the rate that agents are charging customers. In 2021, the average commission rate is expected to be 4.94% -- ...