by Stuart Neal
on Friday, July 31st, 2020 at 6:39pm.
It’s been my experience that many new licensees simply don’t take the time to learn about the industry in terms of how its structured or where the best opportunities might be for them. Let’s spend a couple of minutes discussing this.
In the past the industry was very easy to enter i.e. low barriers to entry. An easy licencing process & lower costs.
Every year it gets harder & more expensive to enter the industry.
The industry in general still operates on 2 levels. Brokerage & thousands of
“cottage industries” i.e. many one band REALTORS®.
Consumers are now demanding a higher level of service, 24/7.
Across north America we are seeing 2 growth trends emerge:
Local boutique brokerages (many consumers & REALTORS® are moving away from the tired old franchise brands)
Teams provide the consumer with the consistent service they need & quality of life for REALTORS®