Tax increases and government spending cuts scheduled for implementation in 2013 could slip the economy back into recession. In this report, T3 Sixty considers the implication for real estate.
Following a perplexing time for Realtor associations T3 Sixty reviews unexpected and noteworthy court cases and looks at the impact on the future of Realtor associations.
The real estate industry is saturated with agents and there are now fewer traditional transactions to go around. In order to stand out in the market, there are a number of things savvy brokers can do, including using the Internet to your advantage, building a team, having a solid business plan, acquiring a competitor, trying a new business model, using a virtual assistant, and diversifying your business.
The economic downturn has hit the housing market hard, affecting all segments of the industry and resulting in a downward spiral of foreclosures, mortgage debt, and shortsales. While government, financial institutions, corporates, and lawmakers have begun intervening to jumpstart a recovery process, a solution is a long way off and agents and brokers need to be aware of the challenges and be able to navigate difficult situations to facilitate any future buying and selling processes.
Residential real estate brokerages and the NAR have a complicated relationship.