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Realtors are dropping like flies!

By John Ford

Real Estate Agent with Security National Properties

December 26, 2007 05:25 PM

As some of you may know, it's about that time to renew with many local boards to keep practicing for another year. Unfortunately for some, they may not be able to practice again Many Boards are reporting a lower than average renewal rate and many are just dropping out of real estate all together.

It's definitely possible to perservere! There used to be a time where a highway patrolman would pull you over and ask you for you license, registration and real estate license. Just because everyone had one!

As stated in my earler blogs, now is the time to get as much inventory as possible. Call those expired and FSBO's! These are the people that need our help the most. I picked up two expireds today because their agents are no longer in the business.

Find a way to stand out. I found out how to use video e-mail with a power point CMA embedded in the body. There isn't anyone out here that uses this kind of technology.

ok, now I'm just blabbering. There are just too many ways to be the best in your town. Don't give up. Perservere.

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Brian Wentz

Keller Williams Greater Des Moines - Des Moines, IA

Realtor - Des Moines Iowa Real Estate

John ~ Its A-OK to loose a few! Especially the ones who just got in the business to make a quick buck and not to give clients long term service! Our reputation as a profession goes up in the mean time, I say!

Dec 26, 2007 05:32 PM

Rosemary Brooks

BMC Real Estate - 209-910-3706 - Stockton, CA

The Mother & Daughter Realty Team

Great post and I sure hope you are willing to share with me (I'm in California but in another area from you) I'd like to know how to do the CMA Powerpoint video presentation. Email it to me if you are willing to share. I read today that 300+ agents lost their broker in Arizona. When my last company folded all of a sudden I felt it only affected me and my daughter. I can see now that it can happen at any time anywhere and to a larger number of agents. My heart goes out to them.

Happy New Year.

Dec 26, 2007 05:35 PM

Susan Peters

Dove Realty Inc. - Seattle, WA

The Better it Looks the Better it Sells

John,

I agree with Brian. These are times that separate the men (and women) from the boys and I've actually never been more excited about the business.

Dec 26, 2007 05:38 PM

Hector M. Yepis Realtor Broker

RE/MAX Island Properties - Kihei, HI

TEAM MAUI Real Estate

Fair Weather Realtors go bye-bye. Those of us who survive and stick with it in this challenging market will do even better when the market turns again. I like Video email also. Nice work.

Dec 26, 2007 05:40 PM

Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

John,

You are committing two crimes. You are shooting yourself in the foot, as if the agents were not leaving, you would not be able to get those two listings, so you might have to leave... Life without parole.

Second, how come, guys, you are stealing our joke? It is in Florida the police may ask you for a Real Estate License, how come you do the same thing in California? That's a death sentence, man.

Dec 26, 2007 05:42 PM

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Realtors are not the only ones dropping like flies. Home inspectors in my area are too. There are several that have been in business for years going under. Funny thing though - the market is not that bad here.

Dec 26, 2007 05:53 PM

Find a Notary Public needAnotary

QEC Internet Services - Long Beach, CA

It is a market correction. many should have not been in the business in the first place. Let the climate improve, they will come back. That is what this business does not need, people in the business only for the money.

Funny, how it takes market correction to get rid of bad apples.

Dec 26, 2007 06:27 PM

Joseph Ellman

Realty Executives- Williams-Sykes Realty - Poughkeepsie, NY

John - Great post! It's a sign of the times, but the best will persevere!

Dec 26, 2007 09:19 PM

Julie Chapman

Julie Chapman Broker - Ormond Beach, FL

Daytona Beach Shores, Florida

I don't have any part time agents so I only have one Realtor (who is moving out of state) that is dropping her membership.....but I hired her replacement last Wednesday......but I guess we will know more when our Board releases numbers after the first of the year......

Dec 26, 2007 09:31 PM

Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.

Florida List For Less Realty, Inc. Broker/Owner. - Cooper City, FL

JF,

Survival is the name of the game!

Sure many will fall, in truth some never should have been in our profession in the first place.

Dec 26, 2007 09:35 PM

Cathy Glass

Realty Executives Associates - Knoxville, TN

Realtor - Knoxville, Tennessee

I would love to know how to do the video CMA, too.

Dec 26, 2007 10:19 PM

Allison Stewart

St.Cloud Homes - Saint Cloud, FL

St. Cloud Fl Realtor, Osceola County Real Estate 407-616-9904

There seems to be an overwhelming desire to want to know more about the video/CMA PLEASE SHARE! Worthy of its own post for sure. As for the drop outs we needed to thin the herd.

Dec 26, 2007 10:25 PM

Terry & Bonnie Westbrook

Westbrook Realty Broker-Owner - Grand Rapids, MI

Westbrook Realty - Grand Rapids Forest Hills MI Re

Survival the only difference I see from other turn downs is we are losing good agents not just the ones that were hanging on.

I am on my 4th version of a power-point CMA most of my presentation is Marketing and web information and the CMA portion is separate.

Dec 26, 2007 10:40 PM

Charlottesville Solutions

Charlottesville Solutions - Charlottesville, VA

I think the numbers will be interesting. Best of luck to you in 2008!

Your friend in Charlottesville!

Dec 26, 2007 11:22 PM

Neal Bloom

Brokered by eXp Realty LLC - Weston, FL

Realtor CRS-Weston FL Real Estate

Thats an old joke but I'll never quit unless I hit the lotto or inherit a fortune then maybe I'll just do it part time.

Dec 26, 2007 11:28 PM

Mike Norvell Sr

Morris Williams Realty - Leesburg, FL

Norvell Consulting Group

Good for you John, serious agents will have 40 listings in hand by the end of Feb, and will quit begging sellers to renew at the higher prices. Agents could have stayed in longer if the "industry" did not perpetuate the myth that spending more on advertising would sell a home. That will be the next big story, if someone will print it...agents refusing to go broke advertising homes that won't sell..This is going to be a big feather in the cap for all the Boards and the MLS

Dec 26, 2007 11:32 PM

Brian Block

RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA

Northern Virginia & D.C. Real Estate

John, we're down to under 10K in our Northern Virginia association from about 16K Realtors about 2 years ago. It will be interesting to see if there is a further reduction over the next year.

Dec 26, 2007 11:34 PM

John Ford

Security National Properties - Eureka, CA

I will post how to do the V-mail in my next blog. I really believe it's the next thing in marketing homes that we all could be on the forefront!

Dec 27, 2007 04:43 AM

BILL CHERRY

Bill Cherry, Realtor - Dallas, TX

Broker & Wealth Coach

JOHN-

Every cycle these people come in and absolutely train-wreck our business. I personally think that to join as association of Realtors a person should have to pay five years of dues up front, and then pay each year thereafter.

So if they followed my proposed program, everyone would always have a five year membership remaining before they could resign.

If they let their license expire during that period, their Realtor membership would become inactive but there would be no refund.

Those of us who are dedicated professionals do not owe one bit of professional consideration to those who intend to be nothing more than real estate carpetbaggers.

Bill Cherry

Dec 27, 2007 02:39 PM

Esko Kiuru

Bethesda, MD

John,

The tough market has definitely thinned agent ranks and loan originator ranks. It leaves the field wider for those who are creative and industrious and just hang in there despite all the challenges.

Dec 27, 2007 02:46 PM