I would estimate that 10% of all real estate agents are doing extremely well these days....and that's great news.    Another 30% are probably earning a reasonable living.  30% of the nation's 1.2-million real estate agents may be selling less than they would like to do but are still ok..

That leaves 30% of agents...or over 350,000 nationwide who are putting up a brave front or have taken a second job where-ever they can find one to scrape through. 

The same percentages may hold true for mortgage brokers. 

The sad part is many cling to hope that tomorrow will be a better day for them.   In reality is we're just heading into the recession....not coming out of it.   The experts tell us to look for at least another year of worsening conditions.

This blog is aimed at those agents and mortgage brokers who are having a difficult time.   If you read my earlier blogs I suggested a written business plan, getting out to meet people and getting your name known locally through branding, holding seminars, niche marketing and an entire range of "must do topics."

My blogs gave step by step tips to make you better equipped in the new real estate paradigm. 

I wonder how much of this was taken to heart and actually followed.   I suspect not much!

For those not succeeding in real estate now...it's quite likely you won't succeed in 2009 either.  Look upon the year ahead as a positioning period.   Use this valuable time to get yourself placed to take advantage of the better days to come.  It's clear you are not now positioned to prosper in a marketplace that's over crowded with agents and where only the strongest survive.

Use the remainder of 2008 and 2009 as a learning curve.

Please remember my buzz words.   READ, LEARN, INNOVATE, CHANGE AND ADAPT!!   This is what everyone wanting to succeed in this new age is doing now.    We're all finding new ways to succeed.

Success requires real, thoughtful, careful work and you only get out what you put in.   Take one solid hour every day as quiet "Think Time."  What can you do to set yourself apart from the crowd and put yourself in a unique position that will be in demand?

DO NOT FOLLOW THE THUNDERING HERD.   A large percentage of the herd is failing and will continue to fail.  Doing what everyone else does may produce expected results.   I encourage you to find new ways of dealing with your own unique situation.

Start by subscribing to my blogs.  You'll get no-nonsense news you can use everyday.   Subscribe just above my photo.

Thanks.  Sincerely, David

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Posted by David W. Langford on 10/29/2008 08:23 AM   Comments (6)  
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6 Comments on It's a tough Real Estate world where only the strong survive.

OCT
29
2008
127,839 Points Outside Blog

Great post. It's a tough world out there.
8:33am • #1
2 Featured Posts Hit Router

I talk to struggling agents all the time.  I tell them that if they can make it through this market, they'll do fine when things turn around.  Thanks for the post.  Take care.
8:44am • #2
112,565 Points Localism Sponsor

Great point if you can make it through this it will at least make you more capable, in future markets.
9:03am • #3
2 Featured Posts

David,

     Thanks for the encouraging post.  I often wonder how many agents this recession is going to put out of the business.  I hope that the good ones stick through it.
9:14am • #4

That is a nice estimate but the reality might be worse.
10:56am • #5
12 Featured Posts

Great changes always come to industries during periods of tribulation.  The Real Estate industry, based on models and concepts that are some 50 plus years old, can now come crashing down. 

Companies that have built their empires on 30-40-50% splits (taxes) and depend on huge desk fees to pay their  bloated cooperate franchisers...are in for a rude awakening.  These shops are typical in training and keeping real estate brokers from the Island of incredible misfits.  There is no question that 10% are doing 80% of the business, with the 90% to fight over the 10% table scraps.  Those 10% will get to call their own shots and that will not include supporting the heavy taxation of their franchisers.  True 100%, fees for services companies with no franchise fees are growing.  These models worked 30 years..ask Dave, and they work today.   Some companies have succeeded in a fake market place of what could be considered the largest percentage growth of real estate prices and market increase in our history....that is now over. 

If you know what the world elite are really up to...be prepared for a 5 year or better struggle.  This is NOT GOING TO GO AWAY.  This is a political issue and not a market issue.  This is about shaping world policy.  The policies that we are seeing are the result of policies dating back to 1971, Brenton-Woods, President Nixon.  While there is no question Bush Jr is an obedient dunce, Clinton and Bush Sr. laid the way for the new economics coming our way and most Americans are going to take it Hook, Line and Sinker.

Lean, Mean and Keen will make it...the shops that need to suckle the pigglets will go away...because all the pigglets want is a hand out or to work there for FREE.  We can now see the true professionals shine.
11:44am • #6


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