Agent Weeding - Recession Continues

By
Services for Real Estate Pros with Midamerica Referral Network

In boom times, Real Estate License schools had full classes.  Ozark Brokers had the pick of the crop to  boost their company sales.  I didn't keep track in Shell Knob of  new members added to our local board in recent years, but the rolls filled out.

Some have said that slow markets in  real estate are also good for  business, because they weed out the hot shots who took the cream of the sales, but did not plant roots to see them through a recession.

As 2010 ended, the number of listings that expired was huge, and may have been a reflection of  business added by new agents, who may have listed properties at any price, just to get a  listing. 

As the annual bills came due for agent licensing, and  Multiple Listing  fees needed paying, the now non-productive agents are leaving the business.  The MLS service we have in Shell Knob, lost 30 agents this month.  I am going to miss some friends and cohorts, but it is a sign of the times.

 

Call Joan for Listing or Selling Your Home  417-846-7128

Tri-Lakes Realtors  417-858-2209

 

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Ambassador
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Lori Bowers
La Quinta, CA
The Lori Bowers Group

Less realtors and lower prices seems to be the trend. I think alot people still think we just show a few houses, fill out some papers, and get a big check. Don't we all wish it was that easy!

Jan 14, 2011 07:14 AM #1
Rainmaker
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Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

Joan, over the years we have all seen this happen time and time again.  People get into the business when it appears to be a boom.  Many of those "new" agents will ride the tide, and when there is a slight chance of stormy weather, they go right bank to where they came from.  We do, however, retain a handfull or agents who see the worth in staying in this business, and go on to make a great success of it. 

Those are the agents we want to have relationships with.

Jan 14, 2011 07:44 AM #2
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Rainmaker
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Joan Snodgrass

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