BrokerageIndustry News

Experienced agents have more, pricier listings

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Real estate agents with more than five years of experience tend to represent higher-priced listings and spend more money marketing them than less experienced agents, according to a survey by VHT Inc., which provides marketing services to real estate professionals. The survey of 1,300 agents and brokers revealed that those with two to five years of experience had listings in the $490,000 range, while the average value of listings for those with more than 10 years of experience was $600,000. Agents with more than five years experience spent $864 per listing marketing properties, while those with less experience spent an average of $675 per listing. The survey found a direct correlation between the amount spent to market a property and its value. Agents spent an average of $682 per listing for properties in the $250,000 to $500,000 range, compared with $1,742 for properties in the $1 million to $2.5 million range., craigslist and Google were the top national We...