May 25, 2006

Concerns About Growing Agent Population

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Concerns About Growing Agent Population

© Jeff Hoffman- All Rights reserved

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Home sales may have stalled across California, but that hasn't stopped more people from wanting in on the action.

The California Department of Real Estate reported Wednesday that the number of licensed real estate agents reached an all-time high of 495,000 in April. The state now boasts a licensed agent for every 52 adults, the department reported.

On May 11th new legislation was passed in the State Assembly to require more education for new agents prior to issuing a license. This is great news for consumers. The rising numbers of newly licensed agents has meant more poorly trained, inexperienced agents have been inserted into the marketplace. Consumers, anxious to save commission dollars when hiring an agent to sell their home have become increasingly aware of the shortcomings many of these agents have in the areas of experience, expertise, resources to market a home correctly, and the ability to negotiate on the client's behalf. There's a big difference between "the learning" and "the doing" and home sellers who've taken short cuts in hiring a newbie agent because they’re willing to “work on the cheap” are paying dearly for those mistakes now with the changes our market has undergone.

Request a copy my free Agent Selection Guide before you interview and hire an agent to sell your home. Included in the guide are 13 key questions you must have answers to before you hire an agent and 22 agent selection factors that cut through the hype and expose an agent's true level of experience to help you select an expert agent to sell your home. Order your copy here.

Read the entire article on the growing agent population and what's being done to address concerns.

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Jeff Hoffman is the President of Hoffman Realty Group, Inc. and has assisted thousands of sellers and buyers during his real estate career. He is the creator of a powerful home selling system designed for the home seller not the real estate agent. To learn more about this amazing program visit Smart Seller Listing Home Marketing System

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