Real Estate Agent Bubble Starting to Burst

There is an article in the San Jose Mercury News that shows there is anectdotal evidence that the number of real estate agents in California is starting to decrease. With there being one agent for every 52 citizens, the ability to make a living as a new agent in California is slim to none. I think we will see a pull back of at least 25 percent as the combination of a slowing market and tighter commissions take out many of those holding a license and not selling many homes.

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