Jump to content
House Price Crash Forum

Estate Agents Run For Cover

Recommended Posts

From Moneyweb..

As home sales volumes continue to decline, estate agents are running for cover and trying to get under the wings of the big agencies, says Lew Geffen, chairman of Sotheby’s International Realty.


He charges that it is most unlikely they will survive for long. “Research done by the Estate Agency Affairs Board at the height of the boom in 2004 showed that even then - when some 40 000 agents were on the register - more than 40% of agents were earning less than R10 000/month, and one fifth were earning less than R5000.”


That's the trouble with industries that have such low barriers to entry.

The industry is going to need a massive recession to clean out all the dead-wood.

It couldn't come sooner.

Edited by BandWagon
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.