What will happen to real estate when boomers retire?

  • As real estate agents retire, they will leave the industry, and their experience will go with them.
  • Either because of retirement or more new young agents, the average Realtor age went from 57 to 53.
  • As I talk to other agents and brokers, I find that few have a succession plan for their business.

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Retirement at around the age or 65 is a relatively new invention. It was invented in Germany in 1883. People received a pension or were paid to retire at 65 — but the program did not cost the government much because most people did not live long enough to retire for very long, or at all.