ORRA report: nearly 1/3 of Orlando Realtors have less than one year of experience.

Speed read:

• Orlando Regional Realtor Association (ORRA) reports nearly 1/3 of its Realtor members have less than one year of practical experience and nearly 1/2 of its members have less than two years experience,
• ORRA membership stood at 18,223 as of December 31, 2020,
• ORRA is the third largest Realtor board in Florida and the eight largest in the country,
• Another report by the Florida Association of Realtors (FAR) reveals that 80 percent of real estate agents will leave the business within two years of being licensed,

A recent report from the Orlando Regional Realtor Association (ORRA) reveals that nearly 1/3 of its members (27%) have less than one year of experience and another 17% have less than 2 years experience. This equates to nearly 1/2 of the Board’s membership (44%) having less than two years of practical real estate experience.

ORRA member’s experience expressed as percentages:

• Less than one year: 27%

• 1 to 2 years: 17%

• 3 to 4 years: 10%

• 5 to 9 years: 18%

• 10 to 19 years: 20%

• 20 to 29 years: 5%

• 30 plus years: 3%

As of December 2020 there were 18,223 active Realtor members in the Orlando Regional Realtor Association (ORRA) ranking it the 3rd largest Realtor association in Florida behind Miami (48,951) and Broward & The Beaches (33,430) boards.  Membership in the ORRA board has grown over 50% since 2016, making it now the 8th largest real estate board in the country.

A recent related study by the Florida Association of Realtors (FAR) found that a whopping 80% of real estate agents will leave the business within two years of being licensed. These statistics not only reveal the rapid growth of the real estate brokerage industry in Florida but also highlights the excessive turnover rate of real estate licensees within the state.

Why does this matter?

The old adage that “experience is the best teacher” certainly applies in this context and makes one reconsider the well known mantra that the three most important words in real estate are “location, location, location”, however when it comes time for you to sell, “Experience, Performance, and Trust” are the three most important words.

Real estate transactions are complicated endeavors and mistakes are always costly in terms of time and money. When it comes to dealing with one of your most valuable assets there’s no substitute for experience. Hiring an Expert Listing Agent will yield the best results.

Use the free home valuation tool on my home page, then contact me for a no obligation consultation on the best way forward.