You have a different borrowing capacity than others do.

Maybe in the long run, but not any time soon because we still have a lot of excess capacity in the economy and that's not going to change as long as the bubble has not fully burst.I agree with you that we will see entitlment changes.

If it is member managed, then technically any member can act on behalf of the firm in any legal capacity.

I could see maybe if a broker/agent had a much more limited capacity than I do in another state it might be different.Remember also that unless they are a principal broker/owner like I am that they have to split the money with the head broker.If you want a sobering statistic about the real estate industry the average income is about 35,000.That averages high producers to the ones that maybe do one sale a year.Basically if you drew a pie chart and pulled out cost for brokers/agents there would be very little left in some cases.There are some brokers and other investors that have been saying for the last 10 years that the sky is falling and that brokers/agents will be hourly paid employees.Hasn't happened.

ND supposedly increased the capacity of the stadium between the different visits.

My personal view is that the labor market is fairly efficient so this increased earning capacity is largely offset by a higher cost of living in other regions such that it can be largely ignored.

Underwritting you, credit and capacity to pay is the same, however when you are in title, the loan amount will be limited to, within the first year, the sale price or the appraised value, whichever is LESS!

If so, in what capacity or role and how is it working out?

In commercial, you need an end-buyer before you approach the lender and as stated above, you need capacity and you need to add value.

- Current owner states that until this past fall, he has operated at 100% capacity for at least two years.