Thread: Real Estate agents falling like flies...

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.

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

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.

Originally Posted by 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...

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.

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

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

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.

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 to compete against. Those smart enough to be on forums like this will do very well, if they use this new technology wisely.

Originally Posted by Malok

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.