Get the Andre Advantage



The Toronto Real Estate Board (TREB) currently has over 38,000 agents trading in real estate. While this number is even shocking to those of us in the industry, even more shocking is how little in the way of real estate trades the majority of these agents do. The diagram above is both a warning to consumers and what I personally feel is a clear indication that for so many licensed agents, trading in real estate is a hobby, or part time endeavor that has the effect of lowering the standards and professionalism of our industry.


When 30% of licensed agents aren’t involved in a real estate deal and nearly another 40% of agents are only involved with 1 to 4 trades a year, this combined segment represents 70% of the real estate industry, or approximately 27,000 agents! Personally I feel this is not only bad for the industry, but bad for the consumer!!


I've always believed that the barrier to entry to a career in real estate is to low. Just about anyone who can show a piece of I.D, scrape together a couple thousand dollars and pass some very basic courses (don’t worry, if they fail the exam they can take it over multiple times) and presto, they're unleashed upon the public with the expectation and the promise of being able to help an unsuspecting consumer navigate one of the largest financial transactions of their life.


So why does it matter that 27,000 agents only do 0 - 4 deals a year? With such limited involvement actually trading in real estate, how can these agents actually develop the skills, knowledge and experience to effectively represent and protect their clients best interests. The Ontario Real Estate Association, which is responsible for licensing agents, continues to pump them out and there are now companies that require almost no investment from an agent trading under the brokerage banner.  It's feasible for someone to keep their real estate license, pursue another job and wait for someone needing the services of a realtor to fall into their lap! The problem here is that these moonlighting agents are not likely to be keeping up with the market nor developing the skill set to effectively represent their clients.


An even more cynical perspective to consider is that for these moonlighting agents who receive little to no income from being licensed, when the prospect of being paid for simply being a realtor in name comes along, whose best interest do you think they’re going to be acting in? Are they going to be willing to tell a client they should walk away from a deal because it no longer makes sense or it’s the right thing to do?


I've painted some broad strokes here but I continually come across agents whose level of incompetence is astounding when the stakes for their client and mine are so high! It's for this reason I work with the industry leader in Toronto, Re/Max Hallmark Realty. New agents aren't unleashed upon the world without extensive training and both them and experienced agents have access to a vast network of expertise and training that is unparalleled in the industry. Being a professional realtor means committing to it as a full time career, continually developing your skills, staying on top of the market as well as changes in the industry, legal issues, and ensuring you're always able to protect your client’s best interests.


The take away from this is that consumers have to do their due diligence when it comes to hiring an agent. If you're going to work with someone for the biggest transaction of your life then your level of comfort with their skills and ability should be reflected in your process to hire them. At the end of the day, a skilled agent will be able to find you the home you want, make sure you're making wise decisions, stick handle any issues that arise, and protect you when the other side is falling short!






Categories:   Alderwood, Toronto W06 Real Estate | Annex, Toronto C02 Real Estate | Aurora Grove, Aurora Real Estate | Banbury-Don Mills, Toronto C13 Real Estate | Basement Flooding, Flooding Prevention, Solutions for Water in Your Basement, Home Insurance | Bay Street Corridor, Toronto C01 Real Estate | Bedford Park-Nortown, Toronto C04 Real Estate | Birchcliffe-Cliffside, Toronto E06 Real Estate | Blake-Jones, Toronto E01 Real Estate | Briar Hill-Belgravia, Toronto W04 Real Estate | Broadview North, Toronto E03 Real Estate | Brownridge, Vaughan Real Estate | Building Weath; Real Estate Investing; Home Equity; Mortgage Rates | Caledonia-Fairbank, Toronto W03 Real Estate | Church-Yonge Corridor, Toronto C08 Real Estate | City Centre, Mississauga Real Estate | Credit Report, Free Credit Report | Credit Score, Getting a Mortgage, Credit | Crescent Town, Toronto E03 Real Estate | Danforth Village-East York, Toronto E03 Real Estate | Danforth, Toronto E03 Real Estate | Don Valley Village, Toronto C15 Real Estate | Dovercourt-Wallace Emerson-Junction, Toronto W02 Real Estate | East End-Danforth, Toronto E02 Real Estate | East York, Toronto E03 Real Estate | Edenbridge-Humber Valley, Toronto W08 Real Estate | Eglinton East, Toronto E08 Real Estate | Englemount-Lawrence, Toronto C04 Real Estate | | Greenwood-Coxwell, Toronto E01 Real Estate | Hanging a picture | High Park North, Toronto W02 Real Estate | Home Buying, Affordability, Buying a Home, Toronto Real Estate, Buying Strategies | Home Buying, Home Selling, Real Estate Mistakes, RECO | Home Insurance, Basement Flooding, Preventing Flooding in Your Basement | How to guide | Interior Design; Design Ideas, | Interior design; Getting ready to sell | Islington-City Centre West, Toronto W08 Real Estate | July 2013 Sales Results, Toronto Real Estate Market | Kensington-Chinatown, Toronto C01 Real Estate | Lakeview, Mississauga Real Estate | Leaside, Toronto C11 Real Estate | Little Portugal, Toronto C01 Real Estate | Malvern, Toronto E11 Real Estate | Market Update | Mimico, Toronto W06 Real Estate | Mortgage Rates, Financial Freedom, Property Investment, Mortgage | Moss Park, Toronto C08 Real Estate | Mount Pleasant East, Toronto C10 Real Estate | Mount Pleasant West, Toronto C10 Real Estate | New Year; 2014; being happy; setting goals | Niagara, Toronto C01 Real Estate | North Riverdale, Toronto E01 Real Estate | Oakwood-Vaughan, Toronto C03 Real Estate | Palmerston-Little Italy, Toronto C01 Real Estate | Rathwood, Mississauga Real Estate | Real estate agent, Fliping a home, renovating | Real Estate Contracts, Choosing an Agent, Real Estate, Toronto, Realtors, Due Diligence | Real Estate Investing | Real Estate Photos; Professional Standards; Realtors | Retirement; Investment Property; Real Estate; Downsizing | Rockcliffe-Smythe, Toronto W03 Real Estate | Runnymede-Bloor West Village, Toronto W02 Real Estate | Rural Otonabee-South Monaghan, Otonabee-South Monaghan Real Estate | Scarborough Village, Toronto E08 Real Estate | Selecting an Agent, Real Estate Industry, Professional Realtors | South Riverdale, Toronto E01 Real Estate | stagging | Stonegate-Queensway, Toronto W07 Real Estate | Stouffville, Whitchurch-Stouffville Real Estate | The Beaches, Toronto E02 Real Estate | The Broadview lofts, Loft, Condo, Leslieville, Riverside | Toronto C01 Real Estate | Toronto Condo Market, Market Update, Toronto Condominiums, Condos | Toronto Condo Sales | Toronto E01 Real Estate | Toronto Real | Toronto Real Estate | Toronto Real Estate Market | Toronto Real Estate Market, November 2013 Real Estate Sales Results | Toronto Real Estate, Toronto Market Minute | Unionville, Markham Real Estate | Victoria Village, Toronto C13 Real Estate | Waterfront Communities C1, Toronto C01 Real Estate | Waterfront Communities C8, Toronto C08 Real Estate | Weston-Pellam Park, Toronto W03 Real Estate | Willowdale West, Toronto C07 Real Estate | Willowridge-Martingrove-Richview, Toronto W09 Real Estate | Woodbine Corridor, Toronto E02 Real Estate | Woodbine-Lumsden, Toronto E03 Real Estate | Yonge-Eglinton, Toronto C03 Real Estate | Yonge-St. Clair, Toronto C02 Real Estate

Enter your email address:

Delivered by FeedBurner