The Gold Rush Is Over More Agents Leaving The Business
Every Sunday evening we have a group discussion with Realtors from different parts of the state of Florida. It’s our belief that knowing an area helps all of us in understanding market trends.
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The topic of conversation last night was “Agents leaving the business”.
We discussed last night about a significant amount of agents that recently left the business.The numbers are staggering! It seems that 600 agents dropped out one board in North Florida, and i’m positive more will follow.
In South Florida the numbers of Agents leaving the market has increased as well.
There seems to be a drop in people who are attending Real Estate schools as well, although some now turn to the net for Real Estate courses the amount of people seeking a Real Estate license has definitely decreased.
Is this an opportunity to capitalize or should you start wondering what do do next?
I guess we as Professionals can look at this in two ways. Those who are able to ride out the current Real Estate market will have a huge advantage over others when the market returns. With the current drop in sales, Realtors and other people who are related to the industry will be seeking alternatives to supplement their income.
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Many will become part time agents,some will just “park” a license,until the smoke clears.
Much like the Internet Stock Market Gold Rush that transpired 7 years ago, I believe we`re witnessing many agents who decided they could strike gold by obtaining a license! They`re moving on now because they can`t afford to stay in our profession.The gold rush is over for these folks!
I like to believe that many people came into our profession seeking a “quick buck” without the understanding that it takes time to grow a business. It seems that so many forgot the steps of building a business.
As the market evolves what are many of you doing differently than you were last year? How has the market changed your strategy? How do you handle your clients today versus last year?
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Posted by Carlos Sagastume on June 2, 2007. Filed under HUD Homes.
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