BrokerageIndustry News

Survey: Realtor ranks to thin

'Roadmap' participants explore brokerage models of the future

Editor's note: Inman News has conducted a future-focused real estate industry survey as a part of its Roadmap to Recovery editorial project. This article is part of a series analyzing the results of the Roadmap survey. Inman News has also conducted a separate survey on the Future of Real Estate Commissions. Click to read the first, third and fourth articles in this series. The number of Realtors in America is almost certain to drop by 20 percent or more by 2010, a poll of Inman News readers suggests, with part-time agents among those most threatened by the market shakeout. Virtual real estate companies, fee-for-service and premium full-service business models may be in the best position to thrive in the years to come, according to 702 readers who completed the 21-question online survey through Dec. 29.Nine in 10 Inman News readers expect the number of Realtors to decline to 1 million or less by the end of 2010, down 19 percent from the 1.24 million the National Association of Realtor...

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