Since 1994, the real estate brokerage industry in the United States has seen and sustained its longest and most lucrative boom. During this same decade the industry has seen more significant changes than in all of its combined history. The boom and the changes have created opportunity but also, stress associated with the demands placed on company’s to keep pace.
Brokerage models such as RE/Max and Realty Executives realized that brokers were no longer in control of the real estate transaction and they introduced an economic model that recognized the agent-centric nature of the business.
This new model relieved brokers from providing all of the services associated with traditional office affiliation. They stripped away the fluff, cut the fat, reduced the relationship between the broker and agent to its lowest common denominator and essentially empowered thousands of agents to simply take charge.
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