Is 2017 the year you switch brokerages?

January 03 2017

Are you considering a new career opportunity in 2017? If so, you're not alone. Job change has become the new norm as workers continually keep an eye on potentially greener pastures. In fact, the average person changes jobs 10 to 15 times over the course of his or her career.

Real estate agents are no different. In 2015, job turnover in real estate was at 30 percent, the highest it's been since 1987. Firm tenure has dropped to three years on average, down from seven years in 2013. And only 4 percent of agents list real estate as their first career. But why do so many agents change careers or brokers? Believe it or not, it's not always about the money.

1. Location matters. Sometimes, the grass really is greener on the other side. Relocating to a stronger market may lead to better opportunities.

2. Mergers and acquisitions can force a change. Nine percent of real estate agents say they worked for a firm that was acquired or merged within the past two years.

3. There's a cultural divide. No one likes to feel like an outsider. If your personal values aren't aligned with the company's organizational goals, moving on may be the best option.

4. Support is lacking. Does management have your back? Do they recognize your value? Should you have to ask?

5. Technology is outdated. Without access to the latest systems and tricks of the trade, you're at a distinct disadvantage.

There's no better time to shift gears in your career. If you're ready to make a change in 2017, get in touch. Opportunity's knocking.