BrokerageIndustry News

Signs your real estate biz is suffering slow death

Part 1: Coping with a shifting real estate market

(This is Part 1 of a three-part series. Read Part 2 and Part 3.) Are you struggling with the constant deluge of change? Do you feel like digging in your heels and saying, "Enough already"? Today's rapidly changing environment can either give you a competitive edge or leave you struggling to stay in the business. Today we are living in the most rapidly changing civilization in history. We are constantly bombarded with so much information that many of us suffer from information overload. Like the rest of society, the real estate industry has undergone an enormous amount of change. There has been a tremendous influx of new agents, huge changes in technology, as well as a plethora of new business models. The pressures on traditional brokers to change increase almost daily. Undoubtedly, the way that we do business in 2006 will be substantially different from how we will do business in 2016. Many of today's companies will disappear, including many of the alternative business models. In...