“If hordes of inexperienced [real estate] agents are scrapping for business…that can only lead to a ‘race to the bottom in fees.’”
-- Christopher Galler, SVP of Minnesota Assn. of Realtors, Wall Street Journal, Page B6, 2/7/07.
No surprise: Mr. Galler adds that competitive commissions are not good for consumers and that they will result in poor service. More productive agents, he argues, are better at “solving problems.”
The article indicates the total number of agents nationwide reached a peak last year at 1.4 million but their ranks will drop between 6% and 8% this year. A former golf pro who gave up the links to sell houses is featured. He recently left the real estate business to take up a new profession, training dogs.
This blog was conceived and is published by me, Larry Gavrich, a former corporate communications executive who founded HomeOnTheCourse, LLC, in 2005. Our firm advises baby boomers and others seeking a lifestyle in which golf is a major component. My wife Connie and I own a home in Connecticut (not on a golf course) and a condo at Pawleys Plantation in Pawleys Island, SC, on a Jack Nicklaus layout. We began our search for our home on the course more than 15 years ago, and the challenges of the search inspired me to research golf communities and write objective reviews of them.