The early years in American .This country among any parts of the world this country has a higher degree of Private property of ownership that is really unknown in the old world. Realtors are interested in the development and documentation of land use, public policy on real estate law.
Residential Estate blossomed in the years following world war 2. Typical Real Estate broker back then was a fixture in the community. A solid citizen active in civic affairs and well known through out. Every count had a shop at main street claiming John Doe Realty. Those early brokers stayed in business only by listing and selling more Real Estate it was business built on who or she knew or knew them and growth came for satisfied customers and personal referrals. when the broker he or she could handle then she looks a the classified ad and looked for a licensed agent to help by taking the overflow. Agents were hired only whens theres too much business and where hired for HELP. By the time the 1970’s were around the Independent brokers had an interesting discovery every time they add an agent they also add that fear of that agent’s influence. It was the birth of recruiting that something that franchises that almost all Realty company at that time latched onto. Recruiting was the first Evolution and it changed the industry forever. The 80’s brought another revolution it was clever and change everything. Important factor at that time was the commission split ever more recruits could do every agent after agent. By the 90’svery few Residential brokers made a profit. Brokers were caught in a big squeeze and coped like being involved in mortgage and insurance. Others rely on their own productivity to get an income. Everyone slashed their own budget wherever they ould especially in realm of marketing. It was focus then agents that than the property. Third Revolution which is today-Internet made the information on Real Estate readily available to anyone. Open access on the internet has a profound effect in just about anyone. Real Estate consumers folded their arms across their chest and questions every single thing.
Today we have an Industry that is involved and believes that everything is connected. When the stocks rallied last year, Also the Real Estate world were first off block. With the help of the government and to survive the economic growth The Real estate marketing must quickly educate the consumers on how to contribute in reviving the market.
And laslty to give an update on the Land Acquisition Law and how it impacts the Industry: The new land acquisition law has greatly increased the cost of land acquisition, which has led to an increase in real estate prices. The new government needs to relook at its provisions so that it doesn’t become a road block to development, while looking after the interests of land owners/farmers.
Prices are not going to sky-rocket in the near term. Continue searching till you get a good bargain.