Month after month now we have chronicled how bad the monthly real estate statistics have been.
Greater Vancouver realtors are now forced to quit and find new jobs
Mr Shen, a newly minted realtor since 2011 had been working for a year without reaching a single sale. He had just quit RE and is training to be an electrician...
When interviewed by SingTao, Mr Shen said he had a university degree in business administration. Upon seeing the hot RE market in early 2011, he paid $5000 for a realtor prep-course and obtained his realtor license.
Ever since he’s working as a realtor. He’s been busy every weekend showing houses, one client even had him show 10 units.
He had a total of 20 clients in the first half year, but no sale.
Mr Shen said, in the current housing downturn, even seasoned realtors are having a hard time.
Another realtor, Mr Sun of Macdonald realty, said that in 2011 he averaged 2 sales per month, this year some months even went without a single sale.
Many realtors are leasing expensive cars, paying expensive fuel, hosting networking dinners – averaging $2000 per month of overhead. Without sufficient sales numbers, many realtors cannot survive.
Click 'comments' below to contribute to this post.