
While your numbers may or not be accurate, we have too many agents left over from the boom. A lot of those agents never actually had the experience or the skill to survive in a normal market, much less this one.
Also a lot of weak agents have put together some good REO connections and are now doing business that way. When that model goes away, so will that batch of agents.
With all the changes in technology from day to day, it will be very interesting to see how things have changed five years from now.
Jon is right. Many weak agents have built an REO business but have not learned the skills necessary to be successful in this business long term. I see many of them as basically order takers.......not all, but many. When the REO business is gone they will need to learn how to sell or they will leave the business.
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