PHOTO: Real Estate Agents leaving
Real Estate agents are fleeing the Auckland market with last year’s figures showing hundreds of agents had given up their licenses.
Industry experts predict the number of agents to keep declining, as concerns for the housing market grow.
“I’d put it down to a lack of turnover property sales, so there’s less properties to sell so more people are leaving the industry,” Ray White salesperson Tom Rawson told 1 NEWS.
Real Estate Authority data from 2016 revealed 3331 agents were without a license because of cancellation, surrendered, suspended or expiration.
In 2017 it was over four thousand, and 2018 reached a peak of 5041.
Data also reveals the majority of agents puting their licenses on hold are from our biggest city, as the Auckland market continues to slide.
In Flat Bush, there’s half the number of houses on the market than there was a year ago.
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