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Broker Hopping Is On the Rise

  • Broadcast in Real Estate
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Clarence Nappier

Clarence Nappier

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From the article...

"Real estate agents are increasingly on the move. In search of more deals, greater brokerage support, and higher commissions, real estate professionals are switching brokerage firms in big numbers lately.

“There’s not a lot of brand loyalty,” Billy Rose, a real estate professional and co-founder of the Agency in Beverly Hills, Calif., told The Wall Street Journal.

Thirty percent of 6,750 agents surveyed said that they had been with their firm for a year or less – an increase from 18 percent the previous year, according to a 2014 survey by the National Association of REALTORS®. Turnover hasn’t been at this high of level since 1987 when 32 percent of respondents reported the same, according to NAR."

But what the article does not say is agents are looking for less pay for equal or greater work.

Interesting.

We hope you enjoy today's show uploaded from its original broadcast date of June 2017.

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