One of the things I really enjoy about the real estate industry is the co-opetition that exists between brokers. We are all competing with each other, yet we all need to work together and when it comes to certain topics (FSBO, DOJ lawsuits, Banks getting into the industry) we, as brokers, are largely united.
The last twelve months have been the most exciting I have seen in the industry (in my 13 years experience). There is a real energy in the industry right now with all the technology advances and the public now being so educated and with all the new competitive business models.
I don't necessarily like all the new agents that have flooded the market, but you take the good with the bad. And hopefully as the markets settle and all these new entrants feel the reality of what it takes to be successful in this business we'll see those numbers decline- besides the best will always do well in any profession because they will earn it.
And with all the new competition there is a real creative cultural movement going on where we are all thinking a bit more creatively and putting additional focus on our systems, service, and value. And this is ultimatley good for the consumer, and for us as professionals.
I can see it in the blogs. I began blogging about two years ago and at the time I felt like I was the only one. There were no comments because noone was listening. Today theblogosphere is becoming a powerful marketing force and more importantly, it's allowing us to communicate directly with consumers and understand how to become better at what we do.
And that's fun...
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