Fewer City Folks Becoming Real-Estate Agents

February 7, 2007
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The Real Deal's annual Data Book landed with a frightening thud in The Real Estate's mailbox on Wednesday. Among its more tantalizing facts:
While real estate is a crowded field, fewer people were trying to enter the real estate business in 2006. The number of newly licensed agents fell to the lowest level since the terrorist attacks of Sept. 11, 2001.

The New York Department of State, which oversees licensing of real estate agents, recorded 698 new agents in the five boroughs certified between April 2006 and October 2006. That was the smallest six-month increase since the period between October 2001 and April 2002, when the number grew by 614.

This thinning of the agent ranks gels with a wider, national trend.

Also in the Data Book: McDonalds is the largest retailer in the city, with 284 stores. Yikes!

[Full disclosure: The Real Estate's editor was an associate editor at The Real Deal.]

- Tom Acitelli
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