TAR Membership Numbers Reflect The Boom

Here is a report from the Tennessee Association of Realtors (TAR) about the number of licensed real estate agents in the state of Tennessee. A large amount of these numbers inevitably are in the Nashville area which saw a much larger "boom" in the real estate market than Memphis and other major cities did. But, it does show how the numbers go up and down with the housing market in general.

It is my opinion that the tight times that are upon us and are getting tighter will weed out at least one third of these agents in the next year. Of which I have noticed in the Memphis area has already started. I know numerous agents that are still holding o to their license for the short term in the hopes something will happen for them, but have started back at Fed Ex or waitressing tables, or some other means of steady income. Which in most cases is a death sentence to your real estate career because you eventually loose your network and pipeline.

Article from the TAR Digest:

       To accommodate the recent request of a business reporter, we compiled and compared TAR's statewide membership numbers for the past several years. The results show the impact of the recent housing boom on the real estate business in Tennessee: a huge influx of new
members between 2004 and 2007! Following are the membership numbers for the past seven years, as of the same date (March 1) for each year:

       2000 - 15,540
       2001 - 15,713
       2002 - 16,374
       2003 - 16,753
       2004 - 18,800
       2005 - 20,639
       2006 - 24,228
       2007 - 27,061

       And, as of April 1, 2007, the number stands at 27,574 Agents.

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