A recent topic of conversation brought up by my clients and friends is of the fate of Austin’s Realtors®. We all know the typical narcissistic reputation of Realtors® brought on by a few out-spoken but bad apples. So the big question is… “Is the housing downturn weeding out those in the business for the wrong reasons?”
I wish the answer was as simple as the question. Yes, the downturn as weeded out many part-timers, but those with egos as big as their ostentatious Texas cars that are actually successful in spite of said egos, are hanging on. The good news is that good agents are getting even better by sticking through the trials and tribulations of these turbulent times by learning lessons that aren’t available in a strong market. You will see those who are 100% dedicated and committed — those who love their jobs — sticking in to see this downturn through. Those agents believe in their jobs and Austin’s market. They know that these times are caused largely by perceptions and attitudes dripping down from the national economy.
The Austin Board of Realtors® published some news on this topic (targeted at Realtors®) as well:
After a prolonged period of growth from 2003 to 2007, ABoR membership dipped just three percent in 2008. Moreover, the majority of members leaving the real estate profession had been ABoR members for fewer than two years.
Know your Realtor®’s dedication to the business, it may be as important as their knowledge, skills, and experience. You don’t want an agent who will bail on you because they were only in the business for the easy times.
