Brokers making ends meet
April 23, 2009 03:40PM By Abby Luby
From the April issue: Waiting for an uptick in the housing market has become a financial endurance test for brokers, and many are finding themselves working new part-time jobs as tutors, caterers and cosmetics retailers to make ends meet. Some, like Judah Domke, 39, a Brooklyn broker with the Corcoran Group since 2001, are returning to previous professions. "I am going back into acting as a way to supplement my dwindling real estate income," said Domke, who used to star in independent films. Residential sales have fallen off considerably, taking a bite out of brokers' commissions. The number of sales in the five boroughs in fourth quarter of 2008 totaled 7,739, according to PropertyShark.com. That is down from 10,365 sales in the fourth quarter of the previous year. More recent anecdotal reports show Manhattan sales volume dropping in half. Kathy Braddock, co-founder of Charles Rutenberg Realty in New York City, said the focus of her regular bimonthly meetings has shifted from business updates to how individual brokers are coping with the slow market. Many have taken on side gigs.
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Comments
Anonymous
you obviously suck
Comment #1 Posted By: Anonymous 04/23/09
David
What a crock of you know what. I put in 10 hour days 5 days a week and always keep a kean eye out for the market when I am not working. Most of the brokers I work with are hard working, get in by 9 am and sometimes work up until 8pm and weekends too. So I think what you have here is a dissatisfied tenant that may have felt they have overpaid for an agent for an apt. It is also possible that the agent was so good that he/she zeroed in on the perfect apt and the search did not take very long. That is what you pay an agent for, their expertise. Sorry but you are no agent but just a liar
Comment #2 Posted By: David 04/23/09
Anonymous
There is only one bottom line reason why brokers exist and will probably always exist. Because owners don't want to deal with the douchebag "general public" without representation.
Comment #3 Posted By: Anonymous 04/27/09
Anonymous
100% of 0 is still a 0.
Comment #4 Posted By: Anonymous 07/02/09