Vancouver Not Realizing Full 'Real-Estatic' Potential - "I asked her about the rising listings. She said Vancouver is a real estate city and is under supplied with realtors. They can't write the offers fast enough. She said money is huge and if you can warm a seat, you can make six figures."

[breathless] I have an idea, why don’t we ALL become realtors, then sales would be ten times as high, prices would be 85% higher, and we could all accumulate and sell condos to each other and retire rich! …//… When people are even saying that anybody who can “warm a seat, can make six figures” there is absolutely no doubt as to where we are in the market cycle. -vreaa

Greenhorn at RE Talks 15 Apr 2010 8:16 pm -

“I ran into an old neighbor who is a realtor and asked for a market update. She is an ex-neighbor because she recently moved into a newer and bigger house. She is working 18/7 and earning money like a Wall Street Investment Banker. It is absolutely crazy. Buyers are in full panic mode to beat the HST, rising rates and new mortgage rules. I asked her about the rising listings. She had a very good answer. One I have never thought of before. Vancouver is a real estate city and is under supplied with realtors. Basically, listings are piling up because realtors can’t write the offers fast enough. Realtors are the bottle neck as they get bogged down with paper work and deal administration. She said if they had twice the number of realtors in this city, sales would be twice as high, listing inventory would be cut in half and prices would be 10-15% higher. Her comments were that the money is huge and if you can warm a seat, you can make six figures as she drove off in her new Mercedes. Apparently, we have a shortage of real estate sales people.”