Fewer enter real estate's lower ranks
February 28, 2008 11:13AM By Vanessa WeimanFrom the February issue: Turmoil in the real estate market appears to be having another impact besides affecting prices, as the number of new real estate salespeople entering the profession for the first time in recent memory stalled last year. For the five boroughs, the number of salespeople, who enter at the lower ranks of the profession and are less experienced than licensed brokers, was flat for 2007. Meanwhile, the number of brokers was up 4.8 percent for the year, likely a sign existing salespeople are taking the higher level of licensing as the market grows more competitive. "People considering careers in real estate are reading all the negative publicity about the market and the mortgage situation, and it's turning them off," says Phyllis Pezenik, vice president of residential sales for DJK Residential. more
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Comments
Anonymous
Good if people cant take the heat get out!!!! only the strong survive.
Comment #1 Posted By: Anonymous 02/28/08
Anonymous
To commenter #1: This is the wrong way to look at the market. The real estate market, like all markets require harmony. You need your losers to have your winners. You need your poor to have your rich.
Comment #2 Posted By: Anonymous 02/28/08
Anonymous
To #2: Just because people are not entering the field doesn't mean that there won't be losers. The market is already over saturated with unqualified salespeople.
Comment #3 Posted By: Anonymous 02/29/08