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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Given that probably 80% of real estate commissions have beenearned by 20% for more years than I can count (and I'm feeling that maybe that ratio is more like 90/10 these days), I'm thinking that this is not "new" news. The media just had no reason to write about before.

Jan 15, 2023 05:10 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

Lot of stuff will be written about this changing market. Some will be negative and pessimistic and some will be optimistic. Take what you will from what you read and hear and EXPERIENCE. 

Jan 14, 2023 09:25 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a good measure at all! Probably the same percentage as when the market is hot!

Jan 15, 2023 04:18 AM
Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ


Jan 14, 2023 08:29 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

TYPICAL of the 'bust after the boom' 

this happened big time in the mid 2000s as well

Esp. newbies get sucked into the 'bigger better' mindset instead of making sound financial decisions for the future . . .

ALSO a lot of new agents get broker licenses and immediately open a shop, some before they know how to operate one.

I had bricks and mortar for 2 years early-mid 2000s and didn't have a problem paying for it as much as the continual interruptions by tire kickers and solicitors - the decision to work from a home office was the best ever! 

They also buy expensive new cars on credit . . . 

and that's where the rent money went. LOL

Jan 15, 2023 06:09 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

What "Office"?

     Most real estate agents work from home; they don't have brick and mortar offices.   

     Their Broker may have a brick and mortar central location... is that what YooHoo News is talking about?

Jan 15, 2023 07:05 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I think in any market you can find these stats.    

Jan 15, 2023 04:39 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

HA! It's not news, it's cycle-typical; that's because 80% of REALTORS® do not make a living or create a career in this business. This is not a bad omen, it's a normal rinse cycle in the washing machine we call recession and hard work. See, even a turkey can fly in a hurricane, but now is the season when only eagles can fly.

Death Spirals' Of Love: The Fascinating Behavior Of North Carolina Bald  Eagles | WUNC

That should read mortgage payments not rent; shame on them for renting while selling (exceptions being agents in transition). By the way, any agent balking at this, is out of touch with our industry numbers. The % may vary, but the issue is very real given NAR reports nearly  80% of licensed agents earned less than $35,000 in 2022. That is a very trackable stat given our income is basically public knowledge.

Jan 15, 2023 08:21 AM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Wonder how many agents were polled to come up with that 31%. I doubt if it's accurate.

Jan 15, 2023 06:30 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I would rather watch paint dry than click that link and read fake news! 🤣

Jan 15, 2023 08:41 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

I would like to see the data on the number of lenders that could afford their rent this month.  It must be really hard on them right now.  I believe that interest rates will continue lower over the next few months and business will pick up again. 

Jan 15, 2023 08:14 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Fred Griffin makes a Great point about agent's offices. Most real estate agents in the Phoenix metro work from their home offices, and when they need to meet clients, they have an option to use conference rooms in their Broker's offices around the valley.

Jan 15, 2023 07:52 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

How the hell did they come up with that figure? Who did the survey?

Total trash.

Jan 15, 2023 07:17 AM
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

This is called selective reporting.

Jan 15, 2023 07:16 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Sad to know that so many real estate agents rent instead of owning a home.

Jan 15, 2023 03:22 AM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's just the media looking for any data point to push their narrative.  Fact is, this is not uncommon.  As Nina Hollander, Broker said, real estate is an 80/20 or more likely a 90/10 business these days.  Fact is, it's been this way for 40+ years that some agents don't have the drive and can't make their payments.  That's why one agent I know went to Redfin, so they could have a salary.

Jan 15, 2023 10:25 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

We are top heavy with agents in most markets .I believe we will see 30% leaving the business 

Jan 15, 2023 07:56 AM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

That's heartbreaking news only followed by the fact that this many agents are renting their homes.

Jan 14, 2023 09:16 PM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

What, they realized it takes "work" to make money in this business? Can't go by that measure at all.

Jan 15, 2023 09:57 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I suspect that it is more than 31 percent.

We bought a new office bldg in December, hopefully the agents who will be renting offices from us can afford the rent.

Jan 15, 2023 06:28 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

it doesn't surprise me because everybody and his cousin got a license when it went wild in 2020.  Not the first time I've seen this cycle and probably won't be the last.

Jan 15, 2023 12:33 PM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Well, what percentage are active? That's a shivering stat.

Jan 16, 2023 08:49 AM
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Helping agents live an exceptional life!

The title is catchy, but is disjointed from the rest of the article. Like every year, people enter real estate because they watch HGTV and think it looks easy. With COVID keeping people inside and rethinking their current jobs paired with low interest rates and a hot market lots of new agents did well but were lucky. As the market continues to normalize from the past 2 years, the cream rises to the top, the motivated work harder and do well, and others rethink the dues, fees, and expenses required to keep a license. This is not new, and not even an indication of the real estate market, in my opinion.

Jan 17, 2023 03:28 PM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Humm, I don't think the fact that 31% of agents not being able to pay their rent is a bad omen considering a larger percentage of agents make below their towns average income.

Jan 17, 2023 12:49 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not sure how they came up with the figures.  Yes once maybe these figures were correct but not sure about now.


Jan 16, 2023 09:22 AM