Residential brokers fight to stay afloat

From the October issue: While broker ranks haven’t significantly thinned yet, tougher market conditions could mean more brokers dropping out of the ranks in the future, making it especially important to have an edge on the competition. Brokers have plenty of suggestions for staying on top of a changing market, including pricing properties correctly, persuading sellers to be realistic and knowing where to get financing as lenders get tighter with money. Brokers now warn clients to be even more diligent about getting their financial houses in order and to put remodeling plans on hold until they actually own the home.