"'This market, I hate to say it, separates the men from the boys, the strong from the weak,' said Faith Hope Consolo, chairwoman of the retail leasing and sales division at Prudential Douglas Elliman. The 'boys' in this case are the newcomers. The poor unfortunates without fat wallets, fat rolodexes or, for that matter, fat bottoms big enough to weather the economic downturn that’s flushing so much work from the commercial brokerage business. The brokers, all commission-based, won’t get axed in the traditional sense. Rather, they will ax themselves, committing a sort of collective professional suicide." [NYO]
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