0
0
0

Truth About Agents

by James McClister

TAA_MIAMIFor our first annual Truth About Agents issue, Miami Agent magazine created a survey to present the trends in the industry, and how agents perceive several different industry issues, including income, marketing, office satisfaction and many more.

Here are some of the survey highlights:

• The market appears to be getting stronger. According to survey results, 81.5 percent of agents’ incomes were the same or have increased from 2012, suggesting the average income is very stable. The average annual income was $112,000.

• About 74 percent of agents are satisfied with the services their brokerage provides, and only 41 percent of dissatisfied agents plan on changing offices. About 14 percent of agents are actively looking to change offices. The split of dissatisfied agents is 80.5 percent, only about 3 percent less than the average split of 83.75 percent (the median split was 80/20).

• Miami agents are expecting for the market to become more competitive, at least for buyers. Seventy two percent of agents expect more multiple offer situations this year.

• 91 percent expect more sales this year, and 71 percent of agents agents said that 20 percent or less of their listings in 2013 dropped in price before selling. In addition, only 10 percent of agents did 20 or more REO sales in 2012.

• 47 percent of agents don’t expect credit requirements to ease up for buyers with bad credit looking for a loan.

Keep clicking through to see more survey results, including how long Miami agents have been in the business, what agents are spending their marketing dollars on and more.

Read More Related to This Post

Comments

Join the conversation

New Subscribe

  • This field is for validation purposes and should be left unchanged.