I’m more diversified than most so weathering the market isnt an issue for me. I dont consider myself a top producer but rather a solid producer that cares about helping his clients more than earning a buck. If I lost interest in RE I could quit today with no sleep lost.
I just heard about another alleged top producer whose house will be auctioned on the courthouse steps in about 1 week. At one point he was the #1 Listing Agent in the perhaps the largest community in San Marcos. He had two big problems. The first was he employed a discount 1% listing commission strategy and even though he had quite a bit of volume, I am more convinced than ever that you can’t earn a living charging 1%. Anyone heard of Ipayone lately? They are virtually gone from the market and only lasted this long because of well heeled investors.
The second problem is that he never adjusted to the market changes and kept his listing priced too high. I’ll bet he had 3 or 4 cancelled listings for every one he sold last year.
