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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: X Y Zebra who wrote (15121)11/15/2003 9:01:35 PM
From: bobby is sleepless in seattleRespond to of 306849
 
more rigid pre licensing requirements including continuing education requirements (which in general is a joke) and policies will minimize entry and will reduce the amount of idiot agents in this business. Throw in attrition, whether it be retirement to those that simply could not cut the mustard, this could help the professional's bottom line in the long run and more important, possibly the perception of some about the agent's acumen in general. The argument against this could be lobbying efforts from Brokerages, and maybe the state could frown upon potential revenue loss from license renewals and other sources from which they derive agent revenue.

My position,,,, allow agents to work with clients once they have obtained, at minimum, their broker's license.

Right now, this profession is experiencing something similar to what happened with the day/swing trading industry. Barrier to entry very easy, just need some capital to get started, and jump on board the mammoth escalation of the stock bubble. Now look at it today.

Real estate is a more complicated issue. not too many folks can live from one commission check to another. And these folks will drop like flies. The market will correct itself and the weeding out process will begin, if not already.

Regarding commission dollars, it's all about free enterprise and choice. How many times can it be hammered that if this were the primary vehicle behind the bitch, the alternatives are clear and readily available.

Having said that, some folks just prefer to shop at Nordstrom, some prefer Bon-Macy's, and then some just stick with good ole Walmart. What is your pleasure...