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As the Real Estate Market Drops so do the Number of Omaha Real Estate Agents

By
Real Estate Agent with Keller Williams Greater Omaha 20041001

As the Real Estate Market Drops so do the Number of Omaha Real Estate Agents

According to the Nebraska Real Estate Commission newsletter Commission Comment  the number of Nebraska real estate licenses has decreased over the last year. Here are the numbers:

Type of License

2008

2009

Percent Change

Nebraska Broker Licenses

2,830

2,736

-3.3%

Nebraska Salesperson Licenses

5,250

4,968

-5.4%

This is really no surprise. It seems that in the good years when it is a seller's market, everyone and their dog gets into real estate, thinking they can make some easy money and most of them do it part-time. In the down years however these fair weather real estate agents (and their dogs) realize that they do not have the skill or knowledge to make a living. As a result they quit. 

Omaha Real Estate Market

This is a trend that is also seen nationwide. The National Association of Realtors® show in their annual NAR Membership Statistics report the following drop in membership over the last two years.

Year

Number of Realtors®

2005

1,265,367

2006

1,357,732

2007

1,338,001

2008

1,197,529

For an explanation of the difference between a real estate licensee and a Realtor®, check out the following two articles:

In Omaha what is the difference between a Realtor® and a real estate licensee?

In Omaha what is the difference TO THE SELLER between a Realtor® and a real estate licensee?

 

John Rakoci
Eagle Realty - North Myrtle Beach, SC
North Myrtle Beach Coastal Carolinas

Numbers are down everywhere. Many more are part time. The numbers grew much too fast during the boom and could still use thinning.

Sep 23, 2009 02:38 AM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

John,

I agree. There are still too many real estate agents and too many part-timers. I had a great idea of how to cut down the number of agents  - Real Estate Licensing Fee Raised to $10,000 a Year.

Sep 23, 2009 03:25 AM
Eva Erdmann
Lion International Inc. - Holiday, FL
interior decorator

Hi Troy,

I like your post,you said just like it is.The scary part is that agents with their dogs who were in business and decided to quit didn't quit with their dogs,dogs are still in business.

It's dog eat dog out there now!

Just an observation.

Zijuzijazijana 

Sep 23, 2009 09:24 PM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Zijuzijazijana,

That's true, it is a dog eat dog business. As I see it though, strong competition makes the good agents better and makes the rest rethink their career path.

Sep 24, 2009 01:40 AM