Realtors live close to the edge. How about appraisers live?

[moh malekpour]

http://www.usatoday.com/money/economy/housing/2008-08-06-realtors-quit_N.htm

Jack Jentzen never saw it coming. Four years ago, as a real estate agent in Elgin, Ill., he was enjoying the rewards of the most frenzied U.S. housing market in decades, and money poured in.
Now he's fighting to keep his home.

The real estate slump that hit in 2006 eventually stifled home sales, shrank prices and unleashed a wave of foreclosures. And as it did, the hardest-hit victims included a group of people, such as Jentzen, who never imagined they had anything to fear: real estate agents themselves.

Tens of thousands of Realtors have been forced to quit the industry in the past couple of years. Some are enduring their own agonizing foreclosures. Agents who had staked their fortunes on galloping home sales now struggle to afford health care, utilities and other basics.

Some, like Jentzen, are trying to build new careers. Others are pursuing drastic and aggressive tactics to tough out the housing slump, from embracing new marketing plans to spending thousands to earn advanced designations they hope will help them stand out from the competition. Some say the housing collapse is undermining their professional self-esteem.

 

[Karl]

OH!! Boo Hoo!! Another part of the RE Market that had absolutely nothing to do with this crisis!! Maybe they should have gotten a clue when the ethical Appraisal wasn't going to get the contract price, they'd simply find the Appraiser that could "HIT" the number.

I enjoy talking to RE Agents that are crying as to how bad it is. I am surprised no one has gone "POSTAL" on a RE Agency YET!!!! NOT that I would ever want anyone to, but with todays madness I am surprised it hasn't happened YET!!

 

[Workbox]

Oh quick! I hear a Happy-Go-Lucky rebuttal from the NAR is about to come out.

 

[Mountain Man]

Surprisingly, in GA we haven't had that many to turn their license in... on the brokerage or appraisal side. Most who have dropped out are newbies. Others are holding on, trying to ride it out.