60,000 agents have left the business in 2023
Why have 60,000 real estate agents left the industry in 2023 already!
With the rise of online platforms, technology, agent’s personal websites fighting for online traffic against the huge platforms could be one possible factor to this trend. Marketing real estate has changed in the last 15 years 97% of consumers start their home search on the internet & the younger generations have a different expectation & behavior when it comes to purchasing a home. They tend to rely more on digital platforms, online listings & virtual tours. Many real estate agents have discovered that making it in the real estate industry is not a walk in the park. Having the ability to adapt & change when the market changes has been key over the years. Loving what you do helps immensely but if you can’t adapt to the changing market, you’ll be left holding the bag.
With seeing & experiencing nearly 40 years in this business I’m extremely thankful that I saw the value in continuing my real estate education & attending many classes & webinars to keep ahead of the curve. This industry is no different than all the rest you get out of it what you put into it. Hard work, dedication & honesty prevails.