BrokerageIndustry News

Real estate agents expecting business to grow

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

SAN FRANCSICO -- Real estate agents see a bright future for the business, despite some worries about the prospects for increased government regulation, a possible erosion of industry standards, and a data free-for-all.Most of the 929 agents recently surveyed by Inman News (74 percent) felt their business would be bigger in five years, and 65 percent thought their broker's business would be more substantial in the same time period. While 14 percent expected that their own business would be "about the same" in five years, twice as many expected their broker would see flat growth. But only 4 percent think they or their broker will be doing less business in five years.   "The biggest thing we saw is that agents are thinking about the long term," said Katie Lance, social media director of Inman News, who presented the survey results at the Real Estate Connect conference in San Francisco with Inman News chief evangelist Chris Smith.Social media usage was prevalent...