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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.
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...
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
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).
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.
Spring 2020: my daughter and I wrote “Raising Your Money-Savvy Family For Next-Generation Financial Independence.”
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