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COPYRIGHT 2005 Daily News
Byline: Elizabeth Lazarowitz
Oct. 18--It's 11:30 Sunday morning and Manhattan real estate broker Cris Herrera is having a tough day. Up since 7:30, he's already had one prospective buyer back out of a bid after being spooked by a massive down payment and another decide -- after looking at eight places -- she wants to search in a different neighborhood.
Real estate has been on fire in recent years, fueled by low mortgage rates. Skyrocketing home prices, however, have stirred up talk that the market may finally start slowing down.
That means more pressure for brokers, who are finding the business increasingly competitive as more than 5,000 people entered the ranks of broker or agent in Manhattan in the last two years.
Herrera's first open house of the day is at a one-bedroom apartment on the Upper West Side overlooking...
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