Peter Mohylsky (PMI. Destin)

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Rainmaker
1,071,867
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I expect with when the Real Estate market enters a downturn (sales down 24% from last year) and the fed tightens the screws many people will exit the business

Oct 03, 2022 09:41 AM
Rainmaker
7,136,824
Roy Kelley
Retired - Gaithersburg, MD

We have a national surplus of several hundred thousand Realtors. Many will need to seek other opportunities.  

Oct 03, 2022 08:39 AM
Ambassador
3,176,370
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Did the website designer lose 10 clients because they left the business is what I would want to know.  Losing clients could be the result of something else. 

Oct 03, 2022 09:24 AM
Rainmaker
2,701,595
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I recently observed a Zillow agent lucky enough to be chosen among the several offered on Zillow take the buyer client who was very qualified and ready to go FAIL to score the property which is the injury. The insult? No follow up with this client to find another property. How bizarre? If that is the condition of an agent today, dropping out is wise.

Oct 03, 2022 09:07 AM
Ambassador
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Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Yes it happens a lot.  I've seen this go on for as long as I've been in the business which is a long time!

Oct 03, 2022 11:11 AM
Rainmaker
728,593
Eileen Burns
Trans State Commercial RE Ft. Lauderdale/Miami/Palm Beach - Fort Lauderdale, FL
FLorida Real Estate Connector

Yes Peter Mohylsky  cycle in and cycle out when there is real work involved in building relationships over time😎

Oct 03, 2022 09:06 AM
Rainmaker
2,117,146
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I would guess that it is a cycle of Realtors retiring Peter Mohylsky and that he will pick up 10 new agents before long. That being said there are always those who get into RE for "Easy Money" and maybe some of them have seen their clientele disappear with the higher rates.

Oct 03, 2022 09:09 AM
Rainmaker
956,331
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

WOW! I believe it, though - there's a culling of the herd ahead.
I just paid mine a F-ton of money to update both of mine . . . 

Oct 03, 2022 08:39 AM
Rainmaker
1,393,426
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

In my opinion, websites have lost a lot of their effectiveness due to the big guys (Zil, etc.) dominating and after all these years, getting very localized.  I don't see too many newer agents getting websites.

Oct 03, 2022 10:30 AM
Ambassador
2,821,213
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Yes. Market momentum has slowed considerably and along with that a mass exodus will take place. I paid my yearly Board dues already and am in it for the long term!

Oct 03, 2022 09:52 AM
Rainmaker
855,352
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

When the going gets tougher, the low-lying-fruit-gatherers drop out.

Oct 03, 2022 01:40 PM
Ambassador
442,860
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Hi Peter Mohylsky I think this is one of those $64K questions. I understand NAR expects 20% of members to leave for whatever reason. The hot sellers market was like bait for people who wanted to make a "fast" dollar. Here we had tons of newbies get a license, join NAR and the local MLS and then discover they had to work. A substantial number of our members have not sold over 1mn this year! And many seasoned ones are getting part time jobs, cutting their teams etc. My answer is YES, and the numbers will be known by Jan 2023. 

Oct 03, 2022 11:05 AM
Rainer
359,967
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Blackrock says we will lose 3 million jobs.

https://www.msn.com/en-us/money/markets/the-cost-of-taming-inflation-could-be-3-million-lost-jobs/ar-AA12jXi5

We already lost one million in mortgage/ related vendors/ title/ and fintech since January 2022. I expect the number to go to 4.5 million layoffs of highly paid jobs.   

Oct 03, 2022 11:55 AM
Ambassador
4,632,252
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Were they satisfied clients who left or did they leave because they weren't satisfied?!

I do foresee a healthy weeding-out of our profession and I can say, I'm happy to see it this time. The number of unqualified agents on the other side of transactions these days has become an embarrassment to our profession, Peter. It's time we get rid of some of these wannabes!

Oct 03, 2022 06:36 PM
Ambassador
2,121,490
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Why did they leave the web site designer? There are web site companies that are not worth the money they are paid, so perhaps they just don't like your designer?

Oct 03, 2022 06:05 PM
Rainer
161,717
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

I don't think that the business of one website developer indicates much of anything.  I do think there are people getting out of the business, but there are just as many people getting in.  

The prelicensing school business is going well.

Oct 03, 2022 12:23 PM
Ambassador
5,833,466
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have not noticed any agents struggling.

Oct 03, 2022 05:53 PM
Rainer
268,295
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

This is nothing new- just a new cycle. Most new or newer agents leave the businesss- and a tougher market will just push out a lot of agents that were already on the edge.

Oct 04, 2022 06:02 AM
Rainmaker
709,301
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

People leave and people join.  It's all cyclical

Oct 03, 2022 06:34 PM
Rainmaker
1,056,848
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Yes. 

Oct 04, 2022 11:33 PM
Rainmaker
874,768
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

There are numerous reasons he lost 10 clients. Some of those agents could have just switched to another developer/designer, or decided to just use their office/agent web pages, etc.

Oct 04, 2022 01:59 PM
Rainmaker
1,440,311
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  This is very common, especially as the "easy times" turn into "hard times" and agents actually have to... dare I say it... work to sell a home!

 

So many enter into this profession without adequate reserves or even an understanding of how to do this job or how to live without a bi-weekly paycheck, that many don't make it to the end of their first year.  It's usually around half of the new agents that don't make it to their first license renewal.

Now that the days of "put a sign in the ground and you have 40 offers" are over, you'll see people go back to their day jobs.  This is the way it's always been.  We're even seeing it with the "boom cycle companies" out there, aka the "disruptors" that are now laying off staff like crazy, reducing marketing budgets and agent perks and now starting to charge splits... like a normal brokerage.

Oct 04, 2022 11:36 AM
Rainmaker
1,776,752
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

I bet that they found something else better. You know, another shiny object to run after. Maybe your web designer should check out his value proposition.

Oct 04, 2022 05:52 AM
Rainmaker
826,586
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Yes. NAR expects licensees to drop out. Our 4th quarter MLS dues were just paid. I wonder how many people opted not to pay them. Once National dues are due, we'll see who decides to take a step back. Licenses will need to be renewed in June for NC. I suspect we'll see the largest group step back at that time.

Oct 04, 2022 05:39 AM
Rainmaker
5,407,578
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Many got into the business when they thought everyone could sell a home.  I do think we shall see fall out in the next few months.

Oct 04, 2022 05:08 AM
Rainmaker
4,640,571
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

When the road gets bumpy many lose their balance and falter!

Oct 04, 2022 04:18 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Who knows what the reason actually was. I have no idea bout agents dropping out...time till tell. I think the Realtor population is always shifting one way or another depending on the market.

Oct 03, 2022 08:02 PM