Impact of an Aging Agent Population
What do Currect Age Trends Tell Us about the Real Estate Industry?
Posted by: RET Staff
Stefan Swanepoel, noted expert on real estate business trends and social media, was the keynote speaker at the recent Council of Multiple Listing Services (CMLS) annual conference in Chicago. Within the first 20 minutes, Swanepoel imparted one very important statistic – the age of real estate agents nationwide.
According to the National Association of REALTORS®, real estate agents in the United States in 2000 were pretty evenly split between those over and those under 40 years of age. In 2010, the number of agents over 40 outnumbers those under 40 nearly 2-1. This statistic has major implications to the entire industry, which I have attempted to summarize below.