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16 Comments on Have you ever been to a retirement party for a Realtor?
Valid points. Something to definately think about. Realtors don't retire. I think it's because in most cases we're A type personalities. Quite frankly, why retire. By now, the referral base should be well established.
I entered real estate from the perspective of a real estate investor. When I first came into the business, I learned several surprising things about real estate agents. Very few of them own real estate beyond their personal residence. Many of them don't even own a home. Real estate nvestment and management is a very different skill set from real estate sales.
Greg, I agree with Chris & Dick 100%. Why retire? In the future, I will gradually slow down the pace, but I don't see myself actually "retiring". I see this as a benefit - not a downside, of our profession.
Jeff
I think Judith's response really hit it on the nose!
Old Realtors Never Die - They just list away.
Read that on Activerain once :)
Seems that even those who are thinking of retiring keep their license and refer out the business they might get.
Its not common, but I have seen Realtors sell their business. They usually have created a brokerage or a team with quite a following.
I too have seen Realtors sell their business. This business is a great second career for folks who have retired from another profession.
It seems that every time someone wants to sell something to realtors, the price is just $39.00 a month. You get 10 different marketing or investment programs, and it is just $390 a month. Easy schmeasy. And, that would likely be just a dinner out, right?
I have only been in the business for 11 years, but I can remember one agent in the area, actually retiring and passing his business on to another agent. Of course, he also had real estate investments - rental properties to use as suplemmental income.
Agree that investors as RE clients is the way to go.
Greg, yes, investor clients are for life, they buy more frequently and yes, refer much more 'convincingly' to others. That's the business model I am looking forward to - so....
I got in to this business so I wouldn't have to retire. I figured I could always push my walker through the house while the clients looked around. :-) Now, agents don't even show houses! I can give them the lockbox code from my nursing home room. Yeehaw! Seriously, though...I wouldn't have the investments and rental properties I have if it wasn't for this terrific business. After 34+ years, it's still as exciting to me as when I started. Never a dull moment, never two days the same and the added benefit of meeting wonderful people along the way.
Some of us do not plan to retire.
You had many good points until you ended with a commercial.
Realtors don’t retire unless they don’t do enough business to pay all the $39.00 bills.