Dramatic changes in the number of real estate agents

Assignment Help Business Management
Reference no: EM131218367

Between 2002 - 2007, the number of active real estate agents practicing in California nearly doubled, from 139,000 to 262,000.  From 2008 - 2014, the number of active agents declined by more than a third, from 262,000 to 171,000.

a.) What is the primary reason there has been such dramatic changes in the number of real estate agents in California since 2002?

b.) Analyze the real estate agent market in terms of the three market structure characteristics.  What market structure. 

c.) During the housing bubble from 2002 - 2007, real residential housing prices increased by more than 50% and the number of homes sold increased significantly.  Yet, the median income of real estate agents actually declined (which means a typical real estate agent actually made less in 2007 than a typical real estate agent in 2002).  Explain why this may have happened.

Suppose you own and manage a hotel which has 100 rooms.  Your total costs (including all staff wages, utilities, insurance, lease payments, etc.) are $10,000 / night, such that your average total costs per room are $100 per night.  You work with an online bidding website (like Priceline) and receive a bid of $70 for a single night in the following week.  You currently have several vacant rooms available on this night.  Should you accept this bid?  Briefly explain what factors this decision would depend on.

Reference no: EM131218367

Why a firm consider forming partnerships with competitors

Why would a firm consider forming partnerships with competitors?- By what criteria would you judge a particular foreign direct investment activity to have succeeded or failed?

Explain what type of organization do you want

Explain What type of organization do you want to work for in the future and Do you believe that strong communication skills are necessary in every type of organization?

Policies need to be for: sexual harassment prevention

As one of four HR managers for the Home Company, you have been asked to prepare a policy and communication and education process for several areas needing attention.  Policie

Design the physical layout of the school

Design the physical layout of the school - that is, provide a map of the school. You should consider a layout and design for the classrooms and school buildings that takes i

What theory examined might amstel attempt to recover cost

Assume which Amstel, in anticipating of building Durbin's studio, had purchased materials and refused other jobs so which he would have time in his schedule for Durbin's pro

Discuss the layout and design configuration of a building yo

Discuss the layout and design configuration of a building you would like to use to house your business, including how you would comply with the Americans with Disabilities Act

Expalin the problem in the scenario that you have chosen

Define the problem in the scenario that you have chosen. Analyze the problem in the scenario. Generate options for solving the problem in the scenario. Evaluate the options fo

Class labor issues and conflict management

Your boss comes to you with concerns about what the upcoming overtime rule change will do to the company's bottom line, as there are several currently excluded / exempt empl

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd