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2024 was full of hurdles for real estate professionals. Given high mortgage rates, low inventory levels, commission changes, and rising operational costs, many brokerages saw a dip in transaction volume and decreased profit margins.Â
Given the circumstances, broker-owners opted to cut costs by selling office buildings, reducing administrative staff, switching technology providers, cutting essential marketing strategies like SEO (Search Engine Optimization), or lowering their advertising budget. Some agents even left the profession entirely.Â
But just because 2024 was a dif...
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