Atlanta Real Estate Agents - How Many Are Enough?

Boy, Jim-this really is a perfect local snapshot of the other side: 400,000 Realtors last year did not make any commission.

What are Realtors to do? In a town near me, Janesville, there is a GM plant - like all the others - going through the national buyout of all hourly employees. Based on what I know about Realtors in that area, after the attrition in the past year or so, there might not be enough Realtors to meet the need when the plant nears shutdown and folks start to leave town with their parachutes.

The market is almost dictated by what is going on in the zip codes, don;t you think?

Steve

I think you would agree that about 5-8% of us realtors do most of the business,and the other 90% of Realtors do very little. I also think this downturn will weed out alot of people not putting food on there table.

I am hoping that these license holding poeple will go back to doing whatever job they did before the boom!

The market could sustain huge growth because revenues were growing so fast due to higher prices and higher commission fees.  Here in California, the total fees probably doubled, being exceeded only by the percentage of real estate agents! (I don't know the actual numbers, but you get the point.)  Now that total revenues are falling, the same is happening in the other direction, but once someone has a license, it's pretty easy out here to keep it active, and so the part time folks peel off a slim (but important) piece of business.  Things are turning around in terms of numbers, but it will probably be a long, slow decline.