Today I read an article in Newsweek about how some brokerages are establishing food banks for their associates to keep them fed. The article also stated that most real estate sales people are living off of the income of their spouse right now.
Though it is taking more work now to stay afloat, this article made it sound as if we were all on skid row. This challenging time has made me learn new skills, work harder and budget better, but it has hardly sent me to a food bank. Maybe these brokerages need to spend more time coaching and mentoring their associates so they may gain the skills needed to survive in today's market.
For the record, unlike what the article states, there is no other income in our family other than real estate sales.
Do you feel this article is a accurate representation of our industry right now? What are your thoughts on supporting your sales associates in this market?