Real Estate agents falling like flies...

[Codythebest]

As expected, real estate agents are falling like flies. It looks like harder times are heading ahead for professional in the Real Estate industry.
We have seen a tremendous increase of Realtor between 2000 and 2006, when everybody could sell everything, anytime.
It took 80 years to get 800,000 Realtor by 2000. It took 5 years to get 500,000 more!!
The reverse process is on the way. While they are keeping their license, they'll make it inactive.
Only the producers will stay 'alive'. Even some brokers have shut their brokerage down in certain areas.
The pie is shrinking, and only the strongest will get their slice...

EDIT: Coldwell Banker in Gatlinburg, TN will shut down the place by the 30th of June,2007 !!! Not 'Around the corner Realty', I'm talking about Coldwell Banker !!!
It is happening...

[chrishummel]

I look at it as a good thing. Too many people were in our profession that didn't belong. When the market was good anyone could sell, obviously not the case now.

[tarheit]

Ditto. Some markets were so hot, that a simple sign in the yard was enough to sell the property within days. This resulted in a huge influx of new agents looking to make a quick buck. When it ceases to be a easy dollar, thoughs who don't understand how much work it should be will go as quickly as they came. You can't expect otherwise in areas where the number of agents virtually outnumber the number of sales per year.

It won't affect all areas of course. We haven't had the boom felt elsewhere, but on the positive side we haven't had the bust either.

-Tim

[gjtrafl]

All of the above is true. However, I think there will always be plenty of opportunities for folks that work hard. There is no substitute for it.

[KaterinaGasset]

As expected, real estate agents are falling like flies. It looks like harder times are heading ahead for professional in the Real Estate industry.
We have seen a tremendous increase of Realtor between 2000 and 2006, when everybody could sell everything, anytime.
It took 80 years to get 800,000 Realtor by 2000. It took 5 years to get 500,000 more!!
The reverse process is on the way. While they are keeping their license, they'll make it inactive.
Only the producers will stay 'alive'. Even some brokers have shut their brokerage down in certain areas.
The pie is shrinking, and only the strongest will get their slice...

EDIT: Coldwell Banker in Gatlinburg, TN will shut down the place by the 30th of June,2007 !!! Not 'Around the corner Realty', I'm talking about Coldwell Banker !!!
It is happening...


It is about time! I have been in the business 25+ years, made it through 21% interest rates with Jimmy Carter as President, the recession, etc. I always made it through.

When everyone and their sister and aunt were getting their licenses without knowing a thing it only hurts the reputation of the Realtor name.
People thought they could get in and get rich quick. Well, that does not happen in this or any other business.

Professional Realtors doing professional and ethical work will always make it no matter what the market is like.

[ventasman]

EE... Am sorry, but i need to tell you that the problem you are talking about here is a universal one. Everywhere authorities gives licenses only based on accomplishing with the minimum requirements, and that is a reality.

We only have the choise of keep going on, and think about them as merely "potential buyers". That i what i do, and it works for me.

Regards from Panama
The Panama Team

[Malok]

Why bump a 2.5 month old response on an almost 4 month old post?

[Florida discounted condos]

Agree but...
The more you get trained, the more you know, the more confidence you have, the more professional you become, the more success you will have.
I suggest to invest part of your revenue is something related to the areas that you feel weak at. Go to seminars, conferences and buy self improvements Cd's.
We you are on stage, all of these will come to help you.

[thedeallocator]

The old ways of selling real estate are gone. Only the best will survive and frankly my business is just picking up now. There are fewer real estate agents (http://www.doyenrealty.com) to compete against. Those smart enough to be on forums like this will do very well, if they use this new technology wisely.

[Greg]

Why bump a 2.5 month old response on an almost 4 month old post?

Some topics become more relevant as time goes by. We have experienced a lot of fallout but they are replaced as fast as they leave.

[Mike Taylor]

I think this is a great thing. The strong will survive and many of those part time and sub-par agents will be gone.

[jonathanmartin]

I have seen more realtors put their home up for sale in the past few months than ever before. If you take care of your clients and do a great job for them, get out there and get new clients, you'll do just fine. This slow down will clear out the offices, no more sitting by the phone waiting for it to ring.

[nancyarora2020]

Home is where the heart is. If you're like most people, your home is also your single largest investment. It’s not only a monetary investment; you trust this home to hold up through the years, to be safe. Take the time to examine your priorities and find the right real-estate agent.
The first step in choosing a good realtor is finding realtors in your area. The best way to find a realtor in your area is through referrals. Ask your friends, family, or colleagues who’ve bought or sold a home for good recommendations. If you can’t get any referrals, check with your local realtors association. Once you have a few options for realtors, you should set up interviews with each of them.Before the interview, write down the questions you want to ask them so you know you don’t forget anything. While the questions asked depend on your preferences, it’s always good to find out if they are a licensed realtor, how much experience they have, and how familiar they are with the neighborhoods you want to live in. You should also find out their availability. If they have a lot of clients, they may take so much time getting to you about a house on the market that you lose the chance to bid on your dream home. You should also make sure the price range your realtor specializes in matches your own.Above all else, you want to find a realtor that you are comfortable with and who you feel understands your needs. You want someone who is working in your best interest. Good luck and happy house hunting.For more view- realtydigest.blogspot.com

[apexonein]

There is no field where any one can not do some experiment. So anyone with a strong financial background could come to check his fortune in Real Estate Industry. But as we know money is not everything, those having strong and deep knowledge of real estate market survive and rest fly away with the surpassing wind.

regards
Apexone