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Opinion Editorials

The Numbers Speak for Themselves: NAR Membership Info.

I recently heard that the rate of homes not selling is actually SLOWER than the rate of real estate agents leaving the business. True? I dunno, but I decided to take a gander at the NAR site to look at membership “trends” … and Lo and behold …

Year

Membership

Increase of …

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2000

766,560

 

2001

803,803

+ 37,243

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2002

876,195

+ 72,392

2003

976,960

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+ 100,765

2004

1,102,250

+ 125,290

2005

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1,265,367

+ 163,117

2006

1,357,732

+ 92,365

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2007

(as of 11/30/07)

1,357,993

+ 261

 

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With an average net increase of just over 1,500 NARsters per month (averaged from July 2007 – November 2007), we will be “lucky” to maybe reach a whopping annual increase of 2,000 members. Even though there is still a net gain in agents, that is a 90k+ membership net DROP from 2006 to 2007.

Are we going to see negative numbers in net membership like we did back in the early 80’s and 90’s? … Maybe …

Of course I am more than happy to see my “competition” go Buh-Bye, but the numbers are still VERY interesting.

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Written By

Mariana is a real estate agent and co-owner of the Wagner iTeam with her husband, Derek. She maintains the Colorado Springs Real Estate Connection Blog and is also a real estate technology trainer and coach. Mariana really enjoys helping real estate agents boost their businesses and increase their productivity through effective use of technology. Outside of real estate, blogging and training, she loves spending time with her husband and 2 sons, reading, re-watching Sci-Fi movies and ... long walks on the beach?

10 Comments

10 Comments

  1. Jim Duncan

    December 11, 2007 at 5:57 pm

    Wow. The raw data is enlightening, humbling and somewhat uplifting.

    The 2009 numbers will be truly interesting as dues are typically paid in December/January.

  2. Charleston real estate blog

    December 11, 2007 at 7:00 pm

    Mariana, I was surprised to learn that Charleston was going to break even, about the same number entering the industry as those leaving despite 20% fewer homes selling this year. I sincerely wish them well (but I’d rather not have the other side of a transaction with them just yet).

  3. Mariana

    December 11, 2007 at 8:30 pm

    Jim – No kidding! I am very interested in looking at how LOW the membership numbers actually hit before they climb back up …

    Howard – Colorado is still gaining membership, but in Colorado Springs, we have definitely gone down by a chunk.

  4. John Harper

    December 12, 2007 at 9:40 am

    The California Association of Realtors is forecasting a 15% to 20% decrease in agents by the end of 09.

  5. Mariana

    December 12, 2007 at 4:27 pm

    John – I imagine by 2009 a lot of our competition will be, well, not our competition anymore.

  6. Pensacola Real Estate News

    December 20, 2007 at 1:21 pm

    However low it declines is not what I think about. I think about how many more will come in after the market picks back up. Probably way too many.

  7. Mariana

    December 20, 2007 at 7:23 pm

    … there will ALWAYS be the opportunists, regardless of the business, IMHO. Oh well. Those who are successful now will be WAY successful later.

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