Posts Categorized: Industry Issues

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2009 Took Its Toll On The Real Estate Industry

I guess it’s no surprise that 2009 was a tough year for the real estate industry but I’ve just run across some information that gives us a pretty good idea of just how bad it was. After losing 4,000 agents in 2008, the Chicago area lost another 1,000 agents in 2009. That’s a 7.6% decline… Read more

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What home sellers don’t know…

…will definitely hurt them. I was poking around this morning doing some research on enhancing real estate searches for our Web site. We’re about to introduce building specific searches. While testing the listings for 340 On The Park I discovered that we are only allowed to show 9 listings, while there are actually 15 units… Read more

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Realtors Loath To Discount Commissions

That’s basically the headline of one of the articles in the weekly email that I got from the National Association of Realtors (NAR) on Friday morning. Well, the headline certainly doesn’t apply to this realtor! The very short article references a recent LA Times article that features quotes from realtors like “You’d be foolish to… Read more

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Illinois Legislature Rewrites Real Estate Act

Last week the Illinois Senate passed a bill to substantially rewrite the Real Estate Act of 2000. The bill now goes to the governor for signature. Here are some of the highlights of the bill: They’re changing the terminology of the industry. Currently, a Salesperson is what most people think of as a regular agent… Read more

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If Your Realtor Gives You A Pumpkin…

It’s that time of year again when realtors do their annual pumpkin dropoff. Well…not all realtors – just the ones that follow the traditional real estate marketing model of ingratiating yourself with your clients. It’s an old realtor ploy popularized in the realtors’ bible: How To List & Sell Real Estate In The 21st Century…. Read more