Have you ever wondered what the term 'monkey business' refers to? Well, according to the Free Online Dictionary, monkey business refers to silly, mischievous or deceitful acts or practises.
2008 was a year in which the proverbial rooster came home. For many in the real estate industry, it was the time in which the prodigal son whose profligate, wasteful ways had drained him of all resources began the long journey back home.
2008 was a huge wake up call for the real estate industry as it was buffeted by hurricane force winds which hurled the housing industry headlong into the sub-prime crisis and the resultant foreclosure/short sale tsunami. Many local associations saw their numbers plummet across the boards...loss of members, decreased sales and declining profit margins.
During this year, the consequences of 'monkey business' became painfully clear as home values plummeted across the nation, credit dried up and many homeowners lost their homes and equity. We're still waking up from the hangover.
It's Time to Sober Up!
2009 will be a sober year...a year in which we all will be compelled to make a sober assessment of where we are and where we need to be. This will necessitate some very difficult but necessary decisions.
As Brokers across the nation review their balance of assets and liabilities, the practise of allowing non-productive agents to simply hang their licenses on the wall to bolster the numbers will be questioned for it's lack of prudence.
A sober assessment of the risk involved in poorly trained part-time personnel handling complex financial transactions will hopefully force the industry to reassess it's education and training model.
As more agents become exposed the wider world of the blogosphere, they will begin to question the relevancy of much of what is currently offered to them in their local offices. This is not just an issue of convenience. It will be about pure, scrappy survival.
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Copyright 2008 Audu Real Estate All Rights Reserved
Lola Audu, is the Designated Broker & Owner of Audu Real Estate. Our company specializes in helping people buy and sell homes in the greater Grand Rapids, West Michigan area. We've had the privilege of helping hundreds of clients succeed in their goals of purchasing and selling property including demonstrated success in the negotiation of Short Sale Transactions. You can contact us via e-mail @ info@auduhomes.com or by phone at 616-791-0511.
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Lola,
Fine post...!!! Picture looks like the BRANCH manager at our local bank!!! LOL, Thanks, Fran