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.
- 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.