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EPR Archived News |
Struggling Real Estate Agents and Brokers Are Looking for Money Making AlternativesReleased on = July 8, 2005, 3:22 pm Press Release Author = kimclass.com/Kim Industry = Real Estate Press Release Summary = Realtors find new ways of making money after industry trends look grim. Press Release
Body = Scottsdale, AZ – July 8, 2005 --Struggling realtors
are gaining in popularity. The U.S. Department of Labor says, “The
use of technology may eliminate some marginal agents, such as those
practicing real estate part-time or temporarily between jobs. Such
workers generally are not able to compete with full-time agents
who have invested in the technology.” Recently the attractiveness
of becoming an agent and making money on the side has declined as
increasingly complex legal and technological requirements are raising
startup costs “At least 10 realtors within the last month have told me they have been in the industry for six months to a year and have made less than one sale!” says, Kim, with www.kimclass.com. Kim teaches Realtors how to do Broker Price Opinions for banks as an alternative income source. “Yahoo and MSN Realtor support groups are being flooded with new realtors “trying to make it” in the business.” Broker Price
Opinions are an alternative income resource for Realtors who would
like to supplement their income or make a full-time living. A BPO
is ordered from banks like Wells Fargo and Citibank who would like
to know what properties are worth for According the the U.S. Department of Labor employment of real estate brokers and sales agents is expected to grow more slowly than average for all occupations through the year 2012. Increasing use of information technology will continue to raise the productivity of agents and brokers, limiting the potential for job growth to a certain extent. Prospective customers often can conduct their own searches for properties that meet their criteria by accessing real estate information on the Internet. Real estate
agents and brokers will continue to experience some employment growth
due to the increasing housing needs of a growing population, as
well as the idea that real estate is a good investment. Low interest
rates should continue to The median annual earnings of salaried real estate agents, including commissions, were $30,930 in 2002. The middle 50 percent earned between $21,010 and $52,860 a year. The lowest 10 percent earned less than $15,480 and the highest 10 percent earned more than $83,780. “This means that there are thousands realtors in the U.S. that are not producing the amount of sales they want to,” says Kim. “In some markets realtors are taking buyers out to look for houses and are not able to close one single sale because there are twelve other offers written on the first day of a listing!” Although gaining
a job as a real estate agent or broker may be relatively easy, beginning
agents and brokers may face competition from well-established agents
in obtaining listings and in closing a sufficient number of real
estate sales. Well-trained, ambitious people, who enjoy selling,
especially those with extensive social and business connections
in their communities should have the best chance for For information:
http://www.kimclass.com or ### Web Site = http://www.kimclass.com Contact Details
= Contact:Kim
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