Found a stat that 40% of real estate agents quit in their first year
I was browsing the NAR website last night (boring, I know) and stumbled on a study that said 40% of new agents don't make it past 12 months. That floored me, especially since I've been freelancing as a showing assistant for about 18 months now and it's been rough but doable. The report broke it down by income too, saying most dropouts earn under $15k their first year. I'm not quite there (I'm closer to $22k) but it got me thinking about how many people jump into real estate part time and just can't swing the fees and gas money. I ended up reading a whole thread on a agent forum where folks talked about burning through savings on lockbox subscriptions and MLS dues. Has anyone else here seen that stat and felt like it explains why the freelance market is so inconsistent?