Michael J. Perry, Lancaster, PA   Relo Specialist (KW Elite )

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Rainmaker
514,554
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Not at all.  The perception is that we show houses all day and it's super fun.  Add the reality of buyers' wants vs budget, involved family members, unrealistic seller expectations, negotiations, inspection issues, appraisal issues, attorneys, other agents, personalities of all involved along w/ the  complete absence of instant gratification in this biz and the exit corridor is full.   

Aug 10, 2017 04:59 AM
Rainmaker
2,352,528
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not at all... this has been so for as long as I've been in real estate, which is 25 years. And I don't expect it to change. The statistics I've always seen say that 9 out of 10 do not renew their license after the first year.

Aug 10, 2017 04:11 AM
Rainmaker
927,964
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
Barrington, a Luxury, Country Suburban Lifestyle.

And 80% of those will be from Utah!  Actually I am surprised, I don't see anything like that attrition rate here.

Aug 10, 2017 05:15 AM
Rainmaker
828,071
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Nope, dreams of easy $$ then the wake up call

Aug 10, 2017 04:44 AM
Rainmaker
2,616,509
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Not at all. They choose poorly when it comes to who to work for. They learn fast how many fees they are charged. Most dont have a savings to get through the start of a career in real estate. Some dont want to work hard, others are poorly trained if at all

Aug 10, 2017 05:26 AM
Rainmaker
1,363,280
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

No, sorry for the short answer.

We had a new person start the last few weeks & I truly feel sorry for her. It's like watching a fish out of water.

Aug 10, 2017 05:25 AM
Rainer
263,540
Kenneth J. "Ken" Jones, Associate Broker
VRI Realty, Inc. - Metuchen, NJ
Premium Plus Real Estate Service

Michael J. Perry The huge failure rate of new real estate agents is a testimony to the incompetence of their brokers to provide sufficient professional training.

This isn't to say that all, or even most would become successful even with competent professional training. However, such training would certainly increase the success rate.

Another issue is the fact that more and more homeowners are attempting to sell their own home. This also cuts down on the potential success rate of new agents, and will continue to erode the ranks of residential real estate agents well into the future.

Aug 10, 2017 06:40 AM
Rainmaker
973,789
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Not at all.  Between the ones who think we open doors all day (what fun!), the ones who don't understand they are expected to run their own business and those whose only concern is "what's my commission split" when they have no clue what they are doing, I am not remotely surprised. 

Aug 10, 2017 06:11 AM
Rainmaker
784,141
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

No surprise at all, it's an unfortunate fact of each state's low standards of entry; the churn and burn lack of business training and real industry prep. Most of that 90% will be gone in 12 months. 

Aug 10, 2017 06:09 AM
Rainmaker
630,513
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Nope we were told that in real estate school and we have watched the revolving door ever since. -Kasey

Aug 10, 2017 06:07 AM
Rainmaker
2,859,007
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Not shocking.  Again.  And not something where I have much concern.     

Aug 10, 2017 05:30 AM
Rainmaker
2,426,205
Richard Weeks
Dallas, TX
REALTOR®, Broker

No I am not.  The lack accountability.

Aug 10, 2017 05:20 AM
Rainmaker
2,605,014
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

No, surprised it will take that long! Seems one cycle of Board and MLS dues should be enough with no income!

Aug 10, 2017 05:11 AM
Rainmaker
2,888,144
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Yes - I thought it would be 12 months or less!! 

Aug 10, 2017 05:08 AM
Rainmaker
644,418
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not surprising. I've seen some leave in 2-3 months.

Aug 10, 2017 05:03 AM
Ambassador
1,343,164
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

No, I used to own retail stores and it is about the same.

Aug 10, 2017 04:52 AM
Rainmaker
4,557,842
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Nope. Thanks for the interesting information.

We have a national surplus of several hundred thousand real estate agents.

Aug 10, 2017 04:51 AM
Rainmaker
2,410,429
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

No sir, not a surprise to me

Aug 10, 2017 04:44 AM
Rainmaker
3,388,585
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Nope! Many think it is easy peesy and it's not.They will be gone.

Aug 10, 2017 07:26 PM
Rainmaker
562,615
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not at all Michael. 

Aug 10, 2017 02:27 PM
Rainmaker
486,119
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

And there aren't even nearly as many even going for their license nowadays. Just the test defeats them. Back in 2006 when I got my license, there were 1,000 would-be agents taking it in a huge hall, and there were morning and afternoon ones, 5 days a week in only one of several cities in California giving them. Wonder how many are still with us? Wonder how many take the test these days? And how many fees are raked in during just that first year if they passed? This is not a business for the faint of heart.

Aug 10, 2017 06:26 AM
Rainmaker
1,155,433
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

I think I heard that statistic in my pre-license classes 30+ years ago and it hasn't changed.

Aug 10, 2017 06:25 AM
Rainmaker
528,567
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Not in the least.   Perspective agents think it is so easy to earn a living in this business... They are rudely awakend to learn they have to actually go and find the business!  

Aug 10, 2017 06:18 AM
Ambassador
2,484,384
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

That seems a bit high in our area - our numbers keep growing. But, for those who leave, I think they realize that it's simply not the glamorous job they believe it to be!

Aug 10, 2017 06:03 AM
Ambassador
1,510,808
Alan May
Coldwell Banker Residential - Evanston, IL
Helping you find your way home.

I'm surprised they last that long.

Aug 10, 2017 05:48 AM
Rainmaker
2,554,752
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I heard last week 87% are out in 5 years at least.

 

Aug 14, 2017 09:14 AM
Rainmaker
3,486,307
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Not at all, they think this is an easy business, don't have to work much and make lots of money.

Aug 12, 2017 08:44 PM
Ambassador
2,703,190
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nope, also we see even a 30% decline in seasoned agents anytime we have a market downturn that lasts more than 90 days.

Aug 11, 2017 10:30 AM
Rainer
140,413
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Unfortunately, no it is not a surprise. 

Aug 11, 2017 05:44 AM
Rainmaker
4,204,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, not shocked at all.

Aug 11, 2017 05:33 AM
Rainmaker
36,115
Katherine (Katie) Gillespie & Diane Ryan
LL Realty, Inc. - Fernley, NV
Real Estate Team 775-636-0964

No I think that some people have a perception that being a real estate agent is easy and you make millions of dollars right away.

Aug 10, 2017 11:35 PM
Ambassador
3,932,191
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michael J. Perry - I think this number is less than 90%.

I was told more than half leaving in first 12 months.... and another 25% in one more year.

Aug 10, 2017 11:06 PM
Ambassador
3,353,269
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It is to be expected, and I need to find one of these folks and hire them as an assistant.  One who is good with the paperwork, but may not have the other things going for them.

Aug 10, 2017 08:22 PM
Rainmaker
3,958,853
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Aug 10, 2017 07:11 PM
Rainer
78,633
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

Can we speed it up?

Aug 10, 2017 07:08 PM
Ambassador
3,553,834
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Nope. I think this has been pretty consistently reported

Aug 10, 2017 03:45 PM
Rainmaker
3,553,585
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not at all.

Aug 10, 2017 03:40 PM
Rainmaker
662,089
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No, not at all. They don't know what they're getting into and how hard it is.

Aug 10, 2017 03:11 PM
Rainmaker
264,243
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

Absolutely not, based on the quality of buyer agents who have been showing my listings.  Hoping our buyer's market will weed some out.

Aug 10, 2017 02:01 PM
Ambassador
2,020,547
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      No.  I've been in this business for 30+ years, it's always been that way.   

Aug 10, 2017 01:54 PM
Rainmaker
1,331,566
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Nothing new about it. To get a license is too easy, when they get it and realize you actually have to work, they do not see any value of it. 

Aug 10, 2017 01:27 PM
Ambassador
1,611,302
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

let's open real estate school

Aug 10, 2017 12:20 PM
Rainmaker
1,419,414
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Relieved!

Aug 10, 2017 11:37 AM
Ambassador
2,289,600
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

No surprise there.  Many folks have a hard time managing themselves.  They get caught up in the free schedule and fun things they can do beacuse they aren't punching a clock.

Aug 10, 2017 11:20 AM
Rainmaker
840,465
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It has been that way since they started licensing.

Aug 10, 2017 11:09 AM
Rainmaker
2,559,394
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Nope...because most people don't think about it like a business.

Aug 10, 2017 10:41 AM
Rainmaker
1,057,535
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nope.  Most have no clue what they're getting into and schools like Agent Professor do little to teach them.

Aug 10, 2017 09:50 AM
Ambassador
2,668,109
Anna Banana Kruchten CRB, CRS, Broker
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

Not at all - has been happening for years.

Aug 10, 2017 09:36 AM
Rainmaker
186,707
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Sound pretty accurate from what I have seen over the years. Not surprising to me.

Aug 10, 2017 09:14 AM
Rainmaker
2,575,543
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

No. That seems historically accurate.  The cycle of easy money ... and all those big bucks is just not true.  Most especially not for new agents. 

Aug 10, 2017 08:47 AM
Rainmaker
853,517
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

There has always been the perception of easy money in this business. Once the truth is seen many leave. No shock to me, I've watched it for decades. 

Aug 10, 2017 08:28 AM
Rainmaker
727,024
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Not at all - they think our job is easy, we make millions of dollars a month and do nothing to earn a living

Nope not suprised at all

Aug 10, 2017 08:12 AM
Rainmaker
3,687,583
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No, and very little shocks me these days.

Aug 10, 2017 08:10 AM
Rainer
77,879
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

the first 18 monhts are the absolute hardest. It is difficult to get that first client when you have no credibility and haven't closed a deal yet. So this does not surprose me at all.

I think part of the licensing process should be working with another agent through 3 transactions- start to finish.  Not only would newbies learn a lot, they couls say they worked on those transactions.

Aug 10, 2017 07:46 AM
Rainmaker
483,917
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Not shocked, just hoping and praying they do it faster....

Eve

Aug 10, 2017 07:30 AM
Rainmaker
523,128
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

No. People think real estate is easy money but they don't realize it takes hard work, diligence, and a lot of money to get started.

Aug 10, 2017 07:09 AM
Rainmaker
2,814,221
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

No. People watch too much TV and think...show three homes and get a paycheck....We all know how much hard work is involved in being successful in this business!

Aug 10, 2017 07:05 AM
Rainmaker
4,219,971
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

I'm shocked that it's that long!!!  I'd give it less than a year....

Aug 10, 2017 06:56 AM
Rainmaker
1,450,175
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Seems like that was about the same as I heard in 2001 when I took my initial licensing class.  No surprise as people are under the perception that this is easy money!

Aug 10, 2017 06:40 AM
Ambassador
3,632,171
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It has been that way since I got in the business in 1980. Many have unrealistic expectations and others just find out they don't like it. It is a surprise to many that it takes hard work and lots of it and it doesn't happen overnight.

Aug 10, 2017 06:28 AM
Rainmaker
1,323,192
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michael J. Perry This has been standing statistic. I believe the number is higher. The number is a lot higher at the end of two years.

Aug 10, 2017 06:26 AM
Rainmaker
2,259,701
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

In the many chosen fields of endeavor there are a weeding out dynamics

Aug 10, 2017 06:26 AM