Inman News Article

146819 Resource 125794 125888 125888 1162044445815 1162122510624 Controlled Too Many Real Estate Agents in Eastern CT?

As home sales fall, number of agents increase

The last 5 years have been an amazing time for real estate agents in Eastern CT.  As prices increased and homes sold quickly,  real estate schools became full of potential agents with visions of easy money and a lot of it.  This is a trend seen throughout the country as the number of real estate agents rose to astounding levels.  Last year, the National Association of Realtors®, grew by 163,117, to 1.2 million members. Minnesota Realtors® Association Senior Vice President, Christopher Galler recently published an article on the group's website entitled <a title="Is it time for a career adjustment?" href="http://mnrealtor.hhpubs.com/lp_10112006/index.html">"Is it Time for a Career Adjustment? </a> Galler makes some very interesting points, some sure to be unpopular in the real estate community.  "As more people enter the industry and those who are not pursuing it as a career continue to take transactions from those who do this as a career, the experience level and problem solving abilities of the industry as a whole declines.  Experienced agents who complete 20 to 30 transactions a year have better problem solving skills than the agents who complete 3-5.  Unfortunately, the industry is trending down - fewer transactions per agent versus more.  As skill level falls, the public perception of the industry falls with it." I applaud Mr. Galler for his bold stance.  It is time to weed out the pack by making it more difficult to get a real estate license, increasing mandatory education, raising our fees and policing our membership. The Real Estate business should be a professional career not a part time endeavor.   Let's get serious folks. 9 application/xml false Is it Time for a Career Adjustment? Real Estate Agents in Eastern CT Inman News Article Report of Minnesota Realtors Association Article http://www.inman.com/blogger/2006/10/realtor-group-to-members-time-for_25.aspx Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 ldavis false true false false true 205810 false false true false false false true 125794 blog blogsite/CTRelocation/web