Real Estate Agent in Down Real Estate Market

TromboneAl · 06-08-2007, 10:27 PM

I know someone who just became a real estate agent in Alameda, California.

It may seem obvious, but is she likely to have a hard time, given the current state of the real estate market?

**bssc** · 06-08-2007, 10:58 PM

Saw this article in USA Today about the Real Estate slowdown. The line that caught my eye was that new agents made $9400 last year after expenses. And they don't have health insurance. It sounds like he is going to have a hard time.

bright eyed · 06-09-2007, 01:13 AM

but i have heard the market in the bay area is still relatively active, still some overbidding etc. going on...so may be regionally different. and i still see lots of ads in socal for agents in certain hot growth spots, although i know prices have either stagnated or dropped a bit...

Brat · 06-09-2007, 09:33 AM

I think the industry is about to suffer an agent shakeout. It isn't just about the sales volume, it is about the sales worker volume. I think a new entrant will need to really ramp up their marketing skills as well as their negotiating skills. I don't think tomorrow's seller will pay full sell commissions without added value (staging and professional photography for a start).

Here is an interesting thread on a Realtor(R) blog I read regularly, responding to the Madison Wisc study:
For-Sale-By-Owners sell for more because agents sell for less | Rain City Guide | A Seattle Real Estate Blog...

Nords · 06-09-2007, 10:20 AM

Quote:

Originally Posted by TromboneAl

It may seem obvious, but is she likely to have a hard time, given the current state of the real estate market?

Well, this may be a bad time to try to scoop up money in a bucket.

But from a learning & experience perspective, she couldn't have picked a better time to start!

Hawaii's RE contraction of the 1990s also wiped out about 2/3 of the state's active realtors... no telling how many of those tried to crash the party as it was ending.

06-08-2007, 10:27 PM	#1
TromboneAl Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 3,705	Real Estate Agent in Down Real Estate Market I know someone who just became a real estate agent in Alameda, California. It may seem obvious, but is she likely to have a hard time, given the current state of the real estate market?

06-09-2007, 01:13 AM	#3
bright eyed Thinks s/he gets paid by the post Join Date: Jan 2007 Posts: 1,384	but i have heard the market in the bay area is still relatively active, still some overbidding etc. going on...so may be regionally different. and i still see lots of ads in socal for agents in certain hot growth spots, although i know prices have either stagnated or dropped a bit... __________________ If i think of something clever to say, i'll put it here...

06-09-2007, 09:33 AM	#4
Brat Thinks s/he gets paid by the post Join Date: Feb 2004 Posts: 2,715	I think the industry is about to suffer an agent shakeout. It isn't just about the sales volume, it is about the sales worker volume. I think a new entrant will need to really ramp up their marketing skills as well as their negotiating skills. I don't think tomorrow's seller will pay full sell commissions without added value (staging and professional photography for a start). Here is an interesting thread on a Realtor(R) blog I read regularly, responding to the Madison Wisc study: For-Sale-By-Owners sell for more because agents sell for less \| Rain City Guide \| A Seattle Real Estate Blog... __________________ Duck bjorn.

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06-08-2007, 10:58 PM	#2
bssc Moderator Join Date: Dec 2005 Posts: 2,277	Saw this article in USA Today about the Real Estate slowdown. The line that caught my eye was that new agents made $9400 last year after expenses. And they don't have health insurance. It sounds like he is going to have a hard time.

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