I was curious if anyone out there has some numbers for new Realtors entering the market vs Realtors leaving the market. I know I can probably find this information if I looked hard enough but seeing so many well informed blogs, I am sure someone within reach of this AR Blog can probably educate us on this subject.
I don't have the numbers but it certainly is intuitive. The cost of gas and living is up, the $ is down, and the economy is going nowhere. Most agents won't be able to afford to stay in business in this climate.
In all probability, that is not something local association and the brokers brag about. It is pretty easy to find out; call your local Association, ask your Broker. I know the numbers in my area as I was curious and called them and have since discussed with my broker. Some shake-out may not all be bad; there are a lot of us in most areas. When the market takes a sharp turn upward, be positioned to do a lot of business. I would think this is fairly normal in most markets when the sales numbers are down, the numbers of agents goes down.
It will be a direct porportion to the amount of homes being sold. It is becoming harder for part timers to stay in the business. In markets that did not have a bubble the drop off will not be as severe.
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