BrokerageIndustry News

Real estate ‘purging’ has begun

More agents than home sales in some markets
Published on Sep 12, 2007

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by CareyBot

There are more real estate agents than home sales in some markets -- and simple economics tell us that something has to give, said Jack McCabe, a real estate consultant in Deerfield, Fla.

McCabe said that there are already examples of Realtor membership declines in the Fort Myers-Cape Coral, Fla., area, and in Palm Beach County, Fla., as well as real estate brokerage office closures and consolidations ...

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