Real Estate Agents Flee Amid Four-Year Sales Slump
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- The real estate industry has faced four years of low sales and a tough market, with thousands of agents either taking second jobs or leaving the profession altogether.
- Professional fees remain high, and many realtors have had to cover marketing costs out of their own pocket.
- Industry professionals say the sector is losing veteran agents and replacing them with part-timers, while some realtors have not been able to close a transaction.
- Globe and Mail business reporter Rachelle Younglai is soliciting stories from former realtors about why they left and how they have supplemented their income.
Why it matters: The four-year downturn is driving a structural shift in the real estate profession, with experienced full-time agents being replaced by part-timers. Remaining agents must absorb high professional fees and self-funded marketing costs, while some go without closing any transactions at all.
Ask SkimNews
