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NAR Admits To Too Many Realtors
Posted by Heinrich Wiebe in Fizbomap, News, Tips on February 11th, 2007
With few barriers to entry, many ready to get rich quick individuals have landed in the real estate business. Can you blame them? Heck, why not make a shot at big cars and big checks while working part time?
Turns out it’s harder than it looks; especially when the market softens. The net result here is too many agents delivering too few benefits to consumers. What’s even more surprising is the National Association (NAR) of Realtors sees it the same way.
From RealEstateJournal.com, The Wall Street Journal to Property
“When David Lereah, chief economist of the National Association of Realtors, addressed the group’s convention in New Orleans in November, he got one of the biggest bursts of applause by predicting there would be fewer Realtors around in a year. Mr. Lereah said in an interview that he expects membership in the trade group to decrease by about 6% to 8% from the record of nearly 1.4 million reached in 2006.” READ MORE…
If you or someone you know has fallen into the difficult position of being a licensed agent who has determined the business isn’t what you thought it’d be, reply to this post and share your story.
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