800,000 Part-Time Realtors
According to the National Association of Realtors, 80% of Realtors handled 3 or fewer transactions last year.
That prompts the following observations, in no particular order:
–There are still too many Realtors out there (something like one million-plus).
–A core group of Realtors (the 20%) are becoming increasingly dominant.
–The clients of so-called part-time Realtors aren’t being served very well (you don’t stay sharp doing 3 — or fewer! — deals a year. Nor do you have the money or incentive to pop for things like Web sites, custom marketing, etc.)
–Those 800,000 Realtors (80% times 1 million) must be doing other things to pay the bills — or be with someone who is!
P.S.: On a related note (kind of), just got the news that I’m a Super Realtor for the third year in a row! (Mpls St. Paul Magazine and Twin Cities Business Magazine select what they say are the top 2% of local Realtors annually. Who am I to argue?)