The Gold Rush Is Over More Agents Leaving The Business

[gvydge...@yahoo.com]

Every Sunday evening we have a group discussion with Realtors from
different parts of the state of Florida. It's our belief that knowing
an area helps all of us in understanding market trends.
The topic of conversation last night was "Agents leaving the
business".
We discussed last night about a significant amount of agents that
recently left the business.The numbers are staggering! It seems that
600 agents dropped out one board in North Florida, and i'm positive
more will follow.
In South Florida the numbers of Agents leaving the market has
increased as well.
There seems to be a drop in people who are attending Real Estate
schools as well, although some now turn to the net for Real Estate
courses the amount of people seeking a Real Estate license has
definitely decreased.
Is this an opportunity to capitalize or should you start wondering
what do do next?
I guess we as Professionals can look at this in two ways. Those who
are able to ride out the current Real Estate market will have a huge
advantage over others when the market returns. With the current drop
in sales, Realtors and other people who are related to the industry
will be seeking alternatives to supplement their income.
Many will become part time agents,some will just "park" a
license,until the smoke clears.
Much like the Internet Stock Market Gold Rush that transpired 7 years
ago, I believe we`re witnessing many agents who decided they could
strike gold by obtaining a license! They`re moving on now because they
can`t afford to stay in our profession.The gold rush is over for these
folks!
I like to believe that many people came into our profession seeking a
"quick buck" without the understanding that it takes time to grow a
business. It seems that so many forgot the steps of building a
business.
As the market evolves what are many of you doing differently than you
were last year? How has the market changed your strategy? How do you
handle your clients today versus last
year?
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