Most real estate brokerages today are faced with an extremely thin margin of profit if they net any profit at all. Brokerages are faced with the many financial challenges including their physical office space, the phone systems and the cost and contracts required, the utility bills for these large offices and obviously other general fixed costs. The question is "What if the majority of the real estate brokerages could operate out of one half the space they are currently occupy today...would that help the brokerage become more profitable?
With the current wireless technology and access through cellular broadband do most agents need an actual real estate office to meet clients? Do most agents spend most of their time actually sitting in their offices or are most agents out meeting with buyers and sellers? I have a feeling the brick and mortar real estate offices will be sizing down in the near future and more agents will become road warriors utilizing even more of the latest technology. ActiveRain members...what do you think?