The low barriers to entry to the RE industry surely has allowed some lesser lights to join — and the last five years has allowed some of these folks to even thrive, as long as they could find listings and motivated buyers. On the other hand — the industry does attact some folks with energy and hustle, at least.
Of related intest — is there any way to track growth in “owner is lic. RE agent” listings? Surely there is going to be some real shakout from RE agents who assumed mortgages that cannot withstand a significant downturn in income in the coming months and years.
