I recently wrote on the housing crisis. But what I failed to mention was the Realtor Bubble. Like in the State of California where I can literally walk to two blocks and chances are that one of those homes I pass will house a licensee.
The current stats in California is 1 in 53 adults in California has a real estate license. Mike Ferry used to joke they hand 'em out at the DMV with your drivers license.
The stats are only a bit better across the country. When there is less deals and more agents, well you do the math and maybe that will help you figure out why there are less deals on the board.
When the industry treats their licensing like an MLM invitation it can only cause a worsening image for the agent, and mean less deals per agent.
i stll believe that real estate properties is the best investment..
Posted by: real estate properties | May 19, 2008 at 03:49 AM
Can I give a different spin on this?
What about engaging the market in such a way that they become business partners? Leave the licensing to a select few, but include everyone in lead generation and reward them appropriately.
Posted by: Brett Rogers | May 20, 2008 at 07:22 AM