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Career on the Rocks? PDF Print E-mail
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Written by Becky   
Tuesday, 06 November 2007

Many realtors are becoming increasingly disheartened about the state of the market and their livelihood today. Some have already reached or are at the point where they want out. They have invested all their time, all their personal money, and are getting nothing back. Realty Times reports that over 86% realtors quit their first year alone, while only 7% renew their licenses.

Think of it this way, unless they are employed by grand corporations and receive X amount of salary a month, many have to live on what they commission and if all of their prospects are long term, pipeline pipeline pipeline, after awhile their reserves dry up. Realty Times also has reported that about 76% earn under $30,000 annually. Of course this figure can probably now be decreased as with many negotiating commissions, many big corporations are also cutting down on employees and or salaries. Many also were investors/realtors and bought many investment homes that they thought to sell to their own clients who were prospective buyers. Now they are lost, with forlooming bankruptcies/foreclosures in the air. What they will do? They don´t know; starting over is a very big deal, especially if they have no reserve money stored and are facing legal issues in the future.

 
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