How are all the realtors making money these days?

[Anonymous]

No inventory, lots of buyers, lots of realtors (pretty much an over saturation at this point) how are any of them making any money on sales with this low of inventory?

[Anonymous]

Side hustles I’m sure. Few people do just one thing. Some run for political office.

[Anonymous]

Anonymous wrote:Side hustles I’m sure. Few people do just one thing. Some run for political office.

More often i think the real estate gig IS the side hustle

[Anonymous]

My experience is that real estate agents failed in some other area and figured this was a better paying career. They probably made a lot last year to carry them over.

[Anonymous]

Our agent said the average agent does fewer than 5 sales per year. And this was in 2021.

[Anonymous]

Funny all the realtors post "LOOK AT THIS HOUSE" posts almost daily, sometimes a few times a day when this is asked it's like crickets from them. Very telling.

[Anonymous]

Anonymous wrote:Our agent said the average agent does fewer than 5 sales per year. And this was in 2021.

Wow that's crazy!!! I wonder where those statics come from?

[Anonymous]

Our neighbor has been dominated by the same couple of realtors since we moved in 15 years ago, one is transitioning on her business to her daughter. Just because there are a lot of realtors doesn't mean business is evenly spread

[Anonymous]

The money is now in listings since everything sells. This is where experienced agents will clean up, as they have connections and the experience to get the listings. You'll see a lot of newer agents pivot to something else in the next few years because if you're a seller, why would you entrust your most important transaction to someone who lacks a lot of experience with it?

[Anonymous]

Anonymous wrote:The money is now in listings since everything sells. This is where experienced agents will clean up, as they have connections and the experience to get the listings. You'll see a lot of newer agents pivot to something else in the next few years because if you're a seller, why would you entrust your most important transaction to someone who lacks a lot of experience with it?

What does this mean? You can look at listings for free on Redfin and other sites. You mean agents finding clients who want to sell? We're looking at a difficult few years for that, PP. There was a the pandemic heyday, and now high interest rates have choked the market.

[Anonymous]

I think it all depends on how long you've been in the business. My brother is a local agent, and has been at it for 20 years. He's never not been busy, but of course there are slower periods. As of right now he is still quite busy, with most of his listings being in northern and western Montgomery County.

[Anonymous]

I imagine a lot aren't. Even with home prices holding up there are not nearly as many transactions occurring. Some will quit and some will get through this period off existing savings

[AgentX]

I got 3 buyers under contract in one day last week. I'm not having an issue. Most agents I know aren't having an issue. The outliers are probably struggling.

I have lots of clients with lots of cash, they have been waiting for this moment. Most of my offers are 40% down to all-cash offers. I'm not finding the under $1M price point to be super competitive for the most part. But $1M - $2M is a disaster. THOSE buyers have money. So a blip in the market or interest rates doesn't affect them at all. I have clients who were in multiple offers on a $1.9M home. That's the fascinating part of this to me, where the buyers are in terms of price point.

What's hilarious is that we all made SO MUCH MONEY in the last few years, and now it's interesting to see who is poor-mouthing and who saved their money. Frankly, I'll take a year or two of lower income to see the idiots exit the industry. Also, NAR is considering raising our dues, which would go a long way toward getting the riff raff out of the industry.

[Anonymous]

They charge you for recommending their contractors and stager. If they use their own furniture for (possibly unnecessary) staging, you pay for that.

[Anonymous]

My realtor who I’ve done three transactions with within the last three years does staging as well. Being a realtor is her full- time job and staging was her side gig. She hadn’t posted lately on Intagram like she was from 2020 to early-mid last year.