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Occupational hazards: A close-up on NYC’s real estate labor force
From the March issue: Jobs, jobs, jobs. For months, even years now, the topic has been front and center in the minds of many Americans, not least of all President Barack Obama and his Republican presidential rivals. Yet for New York City real estate brokers, getting an accurate picture of their corner of the job market is difficult, since most brokers operate more like small businesses than employees, and make a living based on commissions, not regular paychecks.
This month, The Real Deal charted roughly 30 of the biggest personnel moves of the last year in the brokerage industry.