Is your market over saturated w/ Realtors?

**CarolinaGal** · 07-30-2007, 11:15 AM

sort of a spin off to the below post about it being too easy to get your RE license.

what market do you live in?
do you feel that there is too much competition/too many realtors or is there enough to go around for everyone?

**Malok** · 08-16-2007, 01:09 PM

Personally, I'd like to see getting a license made much more difficult, along with MORE continuing education classes - and with a MUCH higher annual renewal fee (something along the lines of 10x the current amount).

That would weed out some of the persons that do deals so infrequently, that they are nothing more than an obstacle & hindrance toward getting deals done.

**Codythebest** · 08-16-2007, 01:16 PM

Every areas are saturated with half part timer Realtors who never go to their own office. They are probably 80% of the RE agent out there, dealing with the family and friends...killing the field by praticing without experience...But the market is changing, and all these one shot Realtor, getting in the business for quick easy money when it was a strong seller's market, are no longer able to produce and will disappear soon or later...

**Malok** · 08-16-2007, 01:18 PM

I've noticed some thinning out of the "weeds".

Hopefully the trend will continue.

**TahoeResource** · 10-07-2007, 02:28 PM

A recent newspaper in California published that 1 of every 5 residents here hold a real estate license. The joke was that buyers and sellers now have to decide whether to do business with their cousin, uncle, or father-in-law...

**Jaysonnhs** · 10-10-2007, 11:41 AM

Yes - but as Codythebest said, they will soon be gone. It might be a good idea to switch the licensing to a 4-year degree?? But that may be too difficult...

**Codythebest** · 10-10-2007, 05:09 PM

Originally Posted by Jaysonnhs

Yes - but as Codythebest said, they will soon be gone. It might be a good idea to switch the licensing to a 4-year degree?? But that may be too difficult...

Beside, I don't see enough materials to fill a 4 years degree...

**FastFreeOffer.com** · 10-20-2007, 06:42 PM

I've been studying real estate for over 10 years--albeit not full-time--and I've barely scratched the surface. There's more than enough material for a 4-year degree.

The way things are real estate agents know only a tiny fraction of everything there is to know about real estate, unless they take it upon themselves to get educated, which very few ever do.

**IggysListing** · 10-24-2007, 06:40 AM

I believe that more people should take classes. A lot of people do so
to understand the process better.
However, with all agents being required to be brokers in NC now, I
wonder if we are dumbing down that status. I am not in favor of
increasing fees. But, I am in favor of more education and stricter
guidelines.

**IggysListing** · 10-24-2007, 06:45 AM

I would like to add something to my last post.
When I first started dealing with real estate in Charlotte several
years ago, we made an offer on an investment property. Several
days went by and I called the agent that accepted the offer. The
listing agent in her office said they were waiting to present my
offer. I said "I don't think so". I explained that they had to present
all offers. We subsequently bought the property.
I was shocked to have encountered this. This average person that
is not in real estate is unaware of this point of law and many other
aspects.