Very interesting stats you may want to know

[ContinuumRich]

Hi all,

Some of you know I am conducting a survey of agents from around the world as of last week regarding the challenges you face and current markets.

Here is some info so far:
81.5% of agents say their market is suffering a downturn
Yet 34.6% have not had a decline in income
19.2% are down 5-10 %, 26.9% are down 10-25% and 15.4% are down 25-50% and 3.8% are down over 50% of their income

Have more info but will share that next time.

Want to help out if you can spare 1 minute go to
http://tinyurl.com/6en8qv
Plus you will get a rare real estate manuscript with 176 pages of excellent techniques for success in todays market for your help.

Rich

[Texas_Ågent]

Yet 34.6% have not had a decline in income

Well... we've known many agents who weren't making money in a good market. So it makes since that a downturn in the market isn't going to hurt their income one bit!


:p

[ContinuumRich]

Very good point. What is interesting is that I requested further information from some of the individuals that indicated there income has not dropped and many of them were in fact top producers.

I am sure there would be a couple in that situation though.

[erikko]

that stats you provided is interesting, post some more:)

[SellMyDigs.com]

Another thing to consider, when real estate was more or less booming in many cities it drew out more of the part time agents, now that markets are tightening up many of those had to return to previous careers. Although, there are many possibilities to these statistics, it could be a reflection of full time agents (34.6%) staying in, while the other percentage is leaving the industry to pursue other goals.

[Texas_Ågent]

What is interesting is that I requested further information from some of the individuals that indicated there income has not dropped and many of them were in fact top producers.

That really shouldn't be so surprising when we think about it. Why are top producers top producers in the first place? Because they happened to luck into a booming market? Not likely.

Top producers are talented. They are savvy and aggressive. They plan, strategize and adapt quickly to shifts in the market or shifts in the competition. Top producers in today's market probably know short sales and foreclosures like the back of their hand. They also understand how to council buyers who are faced with the stranglehold of tightening lender requirements. They have the right resources and know the right people to get the job done in the face of adversity... all the while the average guys are sitting around the office complaining about the 'worst real estate market in years!'

It's like the old saying... When the going gets tough, the tough get going!

:p

[SellMyDigs.com]

I agree, my experience has shown that top producers thrive in any market where there are houses to be bought and sold. There will always be a need to transfer real estate and the top producers will always find a way to market to that need.

[MovingCareers]

'The greatest transfer of wealth and opportunity are in down cycles...not up cycles. What you think about your market is one thing. What you do about it is another' - Gary Keller

The agents that power through this market shift, will be the agents that are surviving and thriving when the market turns back. Don't let your market conditions determine your success!!