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GETTING NEW AGENTS

How times have changed! Very few people are taking the Florida state exam for a realtor's license & as a result, my broker has instituted a program to reward agents that help recruit experienced realtors from other brokerages. New blood is critical to the business; brokerages are scrambling to remain competitive.

From an agent's point of view, however, it's a tad easier not having SO many agents in the business. True, competition remains keen but at least now, not everyone has a friend, brother, cousin, etc. in the business. There will very likely be further agent attrition in the months ahead; I believe, however, that as soon as the market shows signs of life, people will, once again, be drawn to the realty field. Why? Because many folks still think the realty profession is easy money.

Posted by DALIA KIBBY on 07/15/2008 10:15 PM

Comments (6)

realty brokerages, new realtors, florida state realtors license, competition

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6 Comments on GETTING NEW AGENTS

I would invite those who think this is a cake walk to walk with us just one day.

They woud probably say....we don't make enough!!!!

07/15/2008 10:20 PM

by Linda Lipscomb RE/MAX Lexington Henderson County TN

Dalia - I have also offered my current agents a "bonus" for bringing an agent into the office. Can you share what type of plan your broker is offering?

07/15/2008 10:23 PM

by Debbie DiFonzo, Broker, United Country VIP Realty

Only blood attracts vampires and bloodsuckers more than real estate! I say that knowing that there are still a lot of good, hard working agents out there. As with all professions, it's the few that give the many that proverbial blackeye.

07/15/2008 10:23 PM

by Ron Moore The Home Team Pros (RE/MAX Professionals)

Debbie: My brokerage pays the referring agent $500 outright if they hire someone referred by the agent. For the next 5 years, the brokerage will pay the referring agent a descending % of any deal that the new agent does. So, in year 1, 6% of the new agent's deals, 5% in year 2, 4% in year 3, etc. Those percentages are paid out of the brokerage's side of the deals.

Thanks, everyone, for commenting!

07/15/2008 10:30 PM

by DALIA KIBBY (KEYES COMPANY)

Dalia,

Are there any agent's here in Florida who have stuck it out and are available...I think probably half have left..if not more...

I need to check the stats... Less are moving in and more are moving up north...good luck...

07/15/2008 10:41 PM

by Karen Monsour,REALTOR® Broward,Palm Beach,Miami/Dade! 954-464-4194 anytime! (Coldwell Banker Fort Lauderdale Beach)

We don't seem to be having a mass exodus yet, although there seem to be a few more agents looking for part time work to supplement their income.

07/15/2008 11:23 PM

by Lisa Ryan~Selling Princeton,West Windsor and Montgomery Township New Jersey (Prudential NJ Properties)

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