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Old real estate model requires surgery

Roadmap to Recovery: Essay

Editor's note: This guest essay was submitted by Inman News reader Larry A. Whited Sr. as a part of the Roadmap to Recovery editorial project. This project is a call to action in finding a new path forward for the real estate industry. Click here for details. I am so tired of hearing real estate professionals say, "We need to work on our image, convince the public it is a great time to buy and prove to them we are worth our commission." They want to keep pumping life into last century's model, but it is way past CPR help. "The World is Flat" (see Thomas L. Friedman's book by that name) so deal with It! Real estate professionals need to face the real issues: Our market will get worse until foreclosures slow down. Foreclosures will not slow down until we have job growth. I am counting on the new administration to repeat the Franklin Delano Roosevelt's "New Deal" ideas (Work Projects Administration, Civilian Conservation Corps, etc.) to get people...

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