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The real estate business has been challenging for many practitioners in the last year, and some have gone hunting for part-time jobs during the downturn.
The Bureau of Labor Statistics says there were 310,100 employees in real estate offices in August. That's down 17 percent from August 2007. That number doesn't include self-employed practitioners.
Recruiter Deb Barbanel, managing director of real estate in the Americas for Russell Reynolds Associates, says real-estate veterans have an advantage over many job seekers because they have extensive Rolodexes. Some are opening small businesses of their own.
"They build strong relationships and can take those skill sets into other areas where relationships are tantamount to success like sales and marketing," she says.
Source: The Wall Street Journal, Dana Mattioli (10/13/2009)
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