Dovetails with the Great Reset agenda which is to deploy AI robots to do the jobs (such as real estate brokering) traditionally performed by human labor.
-NW

Real estate agents are fleeing the field. Is that good for homebuyers?
May 29, 2024 1:28 pm by CWR

[snip]

When real estate broker April Strickland looks at her local housing market in Gainesville, Fla., she sees a mismatch. Industry data show that only a few hundred homes are sold each month, she said, yet there are more than 1,500 local Realtors.

Strickland has seen the ups and downs of the housing market since 1995, when she started managing her parents’ rental properties as a teenager. But she says the business environment of the past two years is the most challenging she can remember – slower even than the years following the 2008 financial crisis.

“Quite frankly, Realtors are running out of money,” Strickland said.

An industry that swelled with newcomers in 2020 and 2021 has recently experienced a harsh slowdown – leaving the field no choice but to downsize, experts say. One widely cited analysis predicts as many as 80 percent of the country’s real estate agents could find a new line of work.

“Many industry leaders think there are way too many agents and would like to reduce the number so the professionals can service more clients, thus allowing a reduction in commission levels in order to maintain current incomes,” said Steve Brobeck, a senior fellow at the Consumer Federation of America.