Fewer and fewer real estate agents are vying for a piece of the pie in Florida these days. The number of licensed real estate agents in the state has dropped significantly in the past few years.
In 2006, at the height of the real estate boom, the number of licensed real estate agents in Florida was 154,803. That was an increase of over 36,000 agents from just two years prior in 2004. In fact, the number of real estate agents in Florida more than doubled between 2000 and 2006. However, after 2006 when the market began to decline, so did the number of agents. The most drastic drop occurred in 2008 when the number of agents dropped over 21,000 in just a single year. This means since the real estate peak in 2006 over 41,000 agents in Florida have called it quits.
The good news for the agents who have weathered the storm over the years, is that they are seasoned to work and succeed in any type of market conditions. As for agents who are new to the business, they won’t know any different and will thrive from having gotten their start during leaner times.
Read the entire article on Active Rain.