Entrepreneurs rush into NYC real estate market
...lower start-up costs and the shuttering of older firms have made conditions ripe for new businesses, especially now that the market has started to bounce back, according to Greg Young, the former director of sales at Citi Habitats, who launched the Manhattan-based real estate training and consulting company Broker Heaven in June.
"The down market brought on some serious shakedowns in Manhattan," Young said. "It's a time of opportunity."
...more entrepreneurs are entering the real estate education space.
Until recently, many agents received little formal coaching beyond the 75 hours of training required to get their licenses. But in today's difficult market, new businesses are looking to capitalize on brokers' desire to stay ahead of the curve.
That's what Young set out to do with Broker Heaven.
"I help agents make money -- that's what I do," Young said. Six of the city's real estate firms -- A.C. Lawrence, CitySites New York, Mark David, Caliber Associates, Spire Group and Miron Properties -- have now hired Broker Heaven to do the bulk of their training, he said.
Individual agents can also hire Young and attend the classes he offers. A sales training program for rental agents, for example, costs $500 per agent for two eight-hour classes, plus access to Broker Heaven's online seminars. Young, who has an office and event space at 333 Park Avenue South, said around 100 individual agents have hired him thus far, in addition to the work he does for firms.
By Candace Taylor, The Real Deal





