Tuesday, August 24, 2010

Business Cycle Downturn Teaches NYC Real Estate Brokers a Little Humility

NYT has the story:
Even in the strongest economies, New Yorkers of sound mind find that talking with a real estate broker can result in rolled eyes, raised voices and a New York version of “taking it outside” by threatening litigation. But now, as the sales market whimpers along in the languid last days of summer, some brokers say they have never been met by so many demands from their clients, or so much hostility.

Victoria Shtainer, a Prudential Douglas Elliman broker, said one current client had asked her to arrive two hours before open houses to clean for her. Another client, a group of corporate executives from Texas, insisted on being driven around the city at various times for five weeks... Ms. Shtainer came only one hour early, but she scrubbed.

“I have three kids to feed,” she said

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