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Dropping Agents----Adding Agents

By
Real Estate Agent with Sound Realty

              I have been keeping an eye on the numbers of active agents in our neck of the woods (King County)  for some time, and things are really starting to turn to a downward trend.  From June to end of July,08 there has been a 17% drop in numbers of active licensed agents.  Over 16,000 down to 13,800 in King County.    

              My small company is no exception to this change as I have sent two more licenses back in the last week.

              I am also signing up another agent that is changing companies because that company is shutting down and merging with another. 

              Weather we like it or not, this will continue for at least the next six months.  Cost factor, lack of actual training, not enough help from experienced agents are just a few of the problems companies are experiencing  with regards to retention of good people.

             It seems sometimes we are back to  "only the strong will survive".

Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Kim,
Times have changed and I'm hearing from more and more agents who have taken "real" jobs and trying to work part-time in real estate.  I just don't get the part time thing.  It's like your "trying" article.  You either do it or you don't.  There aint no half-way in my opinion.  It's such a disservice to the client.

I've been busy with the details of opening my own real estate office (first official day was August 14t).  Been asked more than once if this is a good time to open a new office.  I have enough confidence in myself that I think so! 

Also, I saw the slowdown coming and pushed hard to expand my property management division.  Added 48 more rental units this week-end so at least we have monthly income to pay the bills and buy SOME food.  When we sell something it's a bonus.  

Take Care... Carol

Nov 04, 2008 02:13 PM
Richard Sweum
1st Security Bank - Everett, WA

6 months?  That's all?

Nov 05, 2008 12:02 PM