Are you thinking of letting your license go?

By
Real Estate Broker/Owner with Brooks Prime Properties Wichita Falls Texas

Is your fear running rampant? The media and their ability to sensationalize the negative is creating a dark cloud over most people. I spoke to a dear friend today who is thinking of letting her license go.

Are you thinking of letting your license go?

How long did it take you to get it?

How much work have you put into your Real Estate Business?

Are you going to let the lag in business win?

I just don't want to see this happening to good agents. We can listen to the media to the point that we could all curl up and not show our faces to the sunlight but what good does that do? That guarantees failure.

Quote:   I'd rather be a failure at something I love than a success at something I hate.

George Burns

I have to agree with George. If you love it then stick with it.

When the clouds clear and you're still there with your ball rolling...you will come back stronger than ever.

Later in the rain~Deb

 

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Anonymous
Anonymous

This is very true Deb, I work at the front desk at the Realtors Association of the Palm Beaches and I hear so many sad stories of members that just can't afford to be a Realtor anymore but what I suggest to them is to hang their license with a referral company and maybe get a regular job for a bit.  Give it a year. Atleast that way you can avoid the membership fees with the board and MLS for a while and you can still get a referral fee if you know someone who wants to buy.  At our board we will re-instate a member that had to take off within a year with just a re-instatement fee + the pro-rated dues at that time.  After a year you must start as a new member.  So instead of going inactive, take a year and see how the market looks.  I'm sure we will all see improvements in the next year.  Good luck to you all, I know it's a tough time to be a Realtor.

Nov 25, 2008 12:15 AM #44
Rainer
15,835
Roland Carrillo, PhD - Mortgage Consultant
Cary, NC

I was amazed when looking through the mortgage brokers licenses here in NC last week.  I had to lookup the license #s of some of my loan officers while out of the office so I just searched through the website using their last name.  In many cases, they were the only one "active/approved" out of 12-15 individuals with the same last name.

Roughly 25% of the list I went through were approved and active with a company.  Over 50% were approved through 12/31/08 (the next expiration date) but no longer active with a company.  The last 25% were terminated/expired licenses that did not renew this year.

I am betting that the majority of those inactive licenses will end up being terminated/expired in January.  So it looks like only 1/4 - 1/3 of the loan officers working at mortgage brokers (bank and credit union loan officers are not licensed in NC and many other states) will be left by the start of 2009. 

That could be taken as bad news, I take it as an opportunity.  That means that a large part of the competition, hopefully those that were not educated or doing a good job for their clients, are out of businesses.  It's a shame to see people lose their job, but some times it's for the best and the industry will be better for it.

Nov 25, 2008 05:48 AM #45
Rainmaker
315,056
Tamara Inzunza
RE/MAX Executives - Alexandria, VA
Close-In Alexandria and Arlington Living

I loved the George Burns quote too!  I think it's good that bad agents are leaving, but I hate to see people who I've looked up to for years and who have had a positive influence on my career leave the business.  It's very hard to see, and even harder not to be in a position where I can just write blank checks to my friends who really need it.

Nov 25, 2008 07:31 AM #46
Rainer
286,848
Thomas McCombs
Century 21 HomeStar - Akron, OH

I was reading that George Burns quote. I thought about it, thought about it, and thought about it. For the life of me I could not figure out what he was saying. Then I remembered that he was a comedian, that he made a living by taking normal situations and creating confusion by changing the words around. His audiences then could interpret it any way they wanted but Burns intended it to be funny rather than significant. I thnk he would have been amused that some have found some great insight in this statement.

I don't know anyone who wants to be a failure at anything, let alone a job or situation that they love. And, I know many who start out hating something but wind up loving it once it becomes clear that they are succeeding.

It kind of reminds me of the meaningless phrases "It is what it is", or "stuff happens" that we all use on a regular basis without really thinking about it. Noise without substance.

Nov 25, 2008 07:52 AM #47
Ambassador
596,010
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Too bad none of us have a crystal ball.  So many 'lifers' out here are totally confident that this too shall pass.  It seems they have been through some sort of downturn in the market every decade. What is left in the aftermath is a rejuvenated market with revitalized realtors who will never take another lead for granted!

Nov 25, 2008 08:28 AM #48
Rainmaker
142,685
Cristal Drake
Prudential California Realty - Fullerton, CA
Realtor - Fullerton Real Estate

Deb, I am not sure how I missed this post but it is interesting!  Board dues are due here on Janurary 5th and I started wondering how many people might not be able to pay...

I am torn.  So many people got in for the money and became "order takers" essentially.  I saw so much of this in lending. Don't get me wrong, not everyone but in Orange County, I sure ran into my fair share.  Those people are of course struggling or are on to their next "quick buck".  I am happy to see them go.

The good ones, well from what I am seeing here, they are still doing enough business to survive.  That is just what I am seeing.  I am not sure where anyone could go right now.  Unemployment is really up and it would be tough to find a job anyway.  So, I guess I am here to stay.

I wish everyone else the very best of luck in figuring out what is best for them.

Nov 25, 2008 01:04 PM #49
Rainmaker
463,635
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, - Your Coastal Bend Home Source

Hang in there, better times are coming! :)

Nov 25, 2008 02:10 PM #50
Rainmaker
59,202
Gregory Lohr
Freedom Foreclosure Prevention Services - West Columbia, SC

For those thinking of starting a new profession, or are just seeking additional income...let's talk.

We are a Group of Professionals from across America who have joined forces with one mission in mind... To help Save Homes Across America!  We're seeking Realtors & Mortgage Brokers who desire to help homeowners save their homes. 

The Foreclosure Prevention Industry has a huge problem...it's full of scam artists. Homeowners are having a lot of trouble knowing who to trust.

It is for this reason that we are actively recruiting established professionals (Realtors & Mortgage Brokers) in this industry to join forces with us. Realtors & Mortgage Brokers who have established themselves have done so by earning the trust put in them by their clients. The vast majority are in the business to help people achieve their life-long dream of owning a home...who better to help save homes than someone who cares, and who can be trusted with such a mission!

I'll be traveling from Thursday (Thanksgiving Day) through Sunday.  Send me an email, or leave me a message & I'll get back to you as soon as I can.

No up-front investment required.


Gregory Lohr
SavingYourHome@gmail.com
803-461-4210

Nov 25, 2008 02:47 PM #51
Rainmaker
1,762,861
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

I'm guessing there will be about a 30% drop in the number of Las Vegas agents next year, but I'm not going to be one of them. Looking forward to implementing some new ideas in 2009, and leveraging my 'social networking capital.'

Nov 25, 2008 02:52 PM #52
Ambassador
446,981
Deb Brooks
Brooks Prime Properties Wichita Falls Texas - Wichita Falls, TX

Gregory, Please don't advertise on my post.

I understand the need for this process within the industry but this is my post. If you want to advertise your service then please write a post about it. I am working with Titanium at this moment to help people save their homes and it isn't a scam.

What you are doing within this post is called hijacking in the blogging industry. I would normally simply delete your message but because I feel it is a worthy one I will leave it alone.

Thank you for understanding as I enjoy your comments but I just want us all to follow the rules of posting and respecting each other.

Thank you very much. Deb

Nov 25, 2008 02:53 PM #53
Rainmaker
59,202
Gregory Lohr
Freedom Foreclosure Prevention Services - West Columbia, SC

Deb, my apologies if I appear to be advertising, that is not my intention.  I'm trying to help people, both professionals and homeowners alike.  It's hard to reach people here on AR without telling people, and without appearing like I am soliciting.  Even some of my blogs have been taken as a solicitation when they are not that at all.  We can help Realtors and LO's stay in this industry.  I'm open to suggestions from anyone as to a better way to tell people that we can help as things are getting pretty bad out there. 

I know that the general response is "blog about it."  That really doesn't work though.  So many are leaving the industry when we can help them, so what do I do?  I posted a similar comment a couple of months ago, and someone fussed at me for posting it, while others said "to heck with the rules, post comments everywhere, people need to hear."  I certainly don't want to offend anyone, nor do I want to break rules, yet my hands are tied.

I'm at a total loss here Deb.  I backed away from commenting because I got fussed at once, but I have watched countless people here in the Rain leave.  I'm not supposed to email them, I'm not supposed to call them, and I'm not supposed to comment, and the blogs are worthless as they are taken as a solicitation.  Any suggestions?  It hurts me just to watch what is happening when I have a way to help.  It's almost like having food to give to starving people, but the gov't won't let me drive the truck into town.

I realize you may feel a need to delete this comment, and maybe the other as well.  I understand. 
Feel free to call me though if you want to, I could use some advice...from anyone.  How can I tell people I may be able to help without appearing like I'm soliciting?  Some of the comments on this blog were tough to read...and my hands are tied.

 

Nov 25, 2008 03:36 PM #54
Rainmaker
135,274
Jackie Cross
Real Living All Florida Realty - Port St Lucie, FL

The reality ( no not realty) of making a living at real estate can be tough.  The market has always had its ups and downs.  Here we are experiencing another spurt of activity in sales with the lower prices.  However rising uunemployment in the area remains a problem. 

I have always been taught that we as realtors are constantly unemployed unless we are out there and actively working or seeking the business.  Many agents in our office are gone and I do expect that others will be as well as association fees become due next month.  However when times get easier they will be back and bring others with them.

Nov 25, 2008 07:32 PM #55
Rainer
12,148
Kent Davis
Options Realty - Albuquerque, NM

For many Realtors 2008 will be a career turning point. Those annual MLS dues and the E & O insurance all look a little larger in a market when getting a sale closed has been so infrequent. Consider these things before you close up shop and get a job.  How about your brokerage business model, are you loosing listings and buyers to discount brokers? Perhaps it's time to look at the way you offer your service. Does your brokerage generate your leads, or do you?  Maybe it's time to negotiate a better split with your broker. It might be easier than negotiating the pay at a new job.

And that new job?  Expect a lot of competition for it! Sure, it's a tough time to make a living in real estate, but the government is bringing huge cash to the rescue, and sooner or later those mortgage rates are going to look great again.  Will you be there to help sell out the large supply of houses on the market in 2009?

Nov 26, 2008 01:11 PM #56
Ambassador
446,981
Deb Brooks
Brooks Prime Properties Wichita Falls Texas - Wichita Falls, TX

For those thinking of starting a new profession, or are just seeking additional income...let's talk

Gregory, it was a solicitation. I know the difference between advertising and "subtly offering a service". Really.

Now with that said, I'm certain that agents that are considering leaving due to lack of income would love to hear what you have to say if you can help them financially, ethically, and within the law. As is stated above by Options Realty of NM, 2008 will be a turning point for many.

I am advocating staying with the RE business myself. Even if you have to go a bit hungry I believe that if you place one RE foot in front of the other RE foot each day, you will beat the odds.

I have felt ZERO desire to delete your comment. If anyone here is interested in what you are soliciting then they certainly have my blessing to call you. Now, with that said, if you are not receiving the incredible amount of response on your solicitation it's because you have not given it up.

Give it up. If the deal isn't plausable enough for you to be up front with and gain intrigue by the "truth" then it will benefit none of us. If you have a viable, workable plan to regain footing in the RE business...why aren't you telling us about it? What you have provided is nothing but a solicitation.

PERIOD.  Now, inquiring minds want to know what you have that is so lifesaving. This is a challenge. I am about to post these two comments to be read by the masses so I suggest that you comment with a very lengthy explaination for your Ad. Should it be received well, God Bless You!

Should it be a SCAM...this will be revealed. I am ready to shake hands and say "thank you sir."

If you choose not to take my challenge...we shall consider your comment soliciting. If it turns out viable...I will show you the ways to reach us on a professional level.

Happy Thanksgiving to You and Yours...Deb

 

Nov 26, 2008 02:00 PM #57
Anonymous
Anonymous

Deb,

 

I enjoyed reading your blog.  I have been a Full-time Realtor now for a little less than 2 years and love it.  I was in banking for 13 years and then a homemaker for 4 years.  My Real Estate income has been a 2nd income, but now due to unforseen circumstances will be my bread and butter.  So, it is a little scary, but I could not agree with you more.  I am passionate about real estate and helping others so I am giving it my best shot and determined that I will be successful.  It was very encouraging to read your article. 

Nov 28, 2008 12:12 PM #58
Rainmaker
246,089
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

Keep working and brush up on your marketing skills. As the many other agents let their license go, there will still be enough business to support those who stick with it (so long as your target clientele can find you!).

Nov 28, 2008 12:22 PM #59
Anonymous
Tamara Dorris

Hi Deb

I wanted to compliment you on your candid response to calling it like you see it, especially with spammers!

As for me, I sell part time and teach and train agents the rest of the time, but I have been pretty lucky with referrals so I'm keeping my license active. Besides, I think it's good to practice what you preach, so when I'm lecuring to a group of budding agents with stars in their eyes, I can at least share with them the in-the-trenches-truth!

Thanks for you blog!

Tamara D.

Dec 01, 2008 05:59 AM #60
Rainmaker
130,417
Mike Henderson
Your complete source for buying HUD homes - Littleton, CO
HUD Home Hub - 303-949-5848

While everyone else is running away I'm running full steam into it.

Jan 02, 2009 05:52 PM #61
Rainmaker
211,789
Terrylynn Fisher
Dudum Real Estate Group - BuyStageSell.com - Walnut Creek, CA
HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.

Deb, that elephant in the corner and you just address it up front and personal.  Good for you.  I believe in the industry and have no intention of abandoning the clients I've cultivated and supported through their real estate ups and downs.  I owe them that.  Kind of like a marriage, for better or worse, I'll be here to counsel, assist and provide service.  That's how I feel.

Jan 02, 2009 06:30 PM #62
Rainer
12,148
Kent Davis
Options Realty - Albuquerque, NM

Good post Deb, I like the way you made your point and defended your blog.  Terrylynn your post is right on especially the marriage analogy.

My work is a service to those clients I have helped over the years. For the most part they have been faithfully using and referring me to friends - and that is important. When they call (or email) I want to be there for them. 08 was tough, but it's over. I'll take the lessons learned and move forward.

Wishing you a fine 09.

Kent Davis

Jan 03, 2009 03:44 AM #63
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