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Is there a broker glut? Does it matter anymore?

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The dream may be over. In the last two years, according to the state, Manhattan added more than 5,000 agents and brokers, bringing the total to 27,346. Many were lured into the field undoubtedly by the promise of riches from a booming residential market. But that boom appears, at least for now, to be over, with sales prices stabilizing and times on the market lengthening. Will less people become brokers, then, and will some who are just drift away? more [NYDN]

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