According to Relitix’s Agent Movement Index, there has been a notable shift in agent movement between brokerages, indicating a reversal of the recent decline. The index reveals that agent recruitment hit a low point in October of 2023 and has since started to rise again. This development is significant, as it suggests a potential resurgence in the industry’s recruitment efforts after a prolonged period of decline.
Key points:
– Relitix’s Agent Movement Index highlights a trend reversal in agent movement between brokerages.
– The index indicates that agent recruitment reached its lowest point in October of 2023.
– Following this nadir, agent recruitment has shown signs of increasing once again.
– This shift in movement suggests a potential upturn in the industry’s recruitment efforts.
The implications of this trend reversal could have far-reaching consequences within the mortgage industry. As agent movement between brokerages increases, it signifies a renewed confidence and desire amongst professionals to seek new opportunities and potentially expand their client base. The willingness of agents to explore alternative brokerage options may also indicate a growing competitive landscape in the market. Overall, keeping a close eye on the developments in agent movement will be crucial for industry professionals and stakeholders alike.
You can read this full article at: https://www.housingwire.com/articles/2024-will-be-a-better-year-for-real-estate-recruiting-relitix/(subscription required)
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