The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (6727)	11/13/2002 2:37:15 PM
From: Lizzie Tudor	Read Replies (2) of 306849

My feeling is the overcompensation of agents is causing excess capacity in the number of agents trying to make a living in RE. Sure their pay will go down and maybe some will drop out, a good thing in my view, selling one house a month is hardly fulltime employment although it is compensated as if it is around here. Theres a job in tech which is just like being a RE agent (marcom) and tons of people wanted to go into that during the bubble... an easy fluff job that pays 80-90K and if you pick the right company you might get rich. Now there are too many of them and they have to go back to reality, similar to RE imo. Of course I am talking SV which is a unique situation and maybe not applicable to your region, I understand. In a buyers market, a 20K reduction in price is more compelling than having the right agent sell your property... most I know believe that. Lizzie

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