The New Brokers

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For a long time during the housing boom being a broker was a license to print money, but times have changed. Paul Deese saw the writing on the wall. “We had about 9,000 properties up for sale and only about 800 a month being sold,” the long time RE/MAX broker in Desert Hot Springs, Calif. says. “You didn’t have to be an M.I.T. graduate to see the market had gone soft and it would stay soft for a long time.”

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