Surprising Age Demographic of Real Estate Salesperson Class

Last weekend, we had an accelerated Real Estate Salesperson Class at Annex Real Estate School  This class is a pre- requisite to taking the Massachusetts state Real Estate Salesperson exam.

We discovered that the mean age for approximately 71% of the students was 24 1/2 years old!   With essentially none of the students in the 30 's, the other 29 percent of the students were approximately 44 1/4 years old. So much for the theory that only old retired people are going into real estate now.

Realtor.org provided the following statistic:

• Median age of first-time buyers: 30
• Median age of repeat buyers: 47

Looks as these new salespersons should be able to relate to their potential customers and clients

$8,000 tax credit has home buyers at war - The Boston Globe

$8,000 tax credit has home buyers at war - The Boston Globe

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Extending The First Time Home Buyer Credit - A Good Idea?

As we approach the shut off date for the First Time Homebuyer Tax Credit, people are asking: Should the credit be extended? Has the credit been a help, and if so, to whom? Just take a moment and express your opinion about Extending The First Time Homebuyer Tax Credit.

Thanks, we'll be posting the result in a few weeks.

It's Amazing - The Turnout for the Massachusetts Real Estate Salesperson Classes

Tuesday turned out to be an amazing day at Annex Real Estate School in Quincy, Massachusetts. When I drove up to the office in the morning, about 15 minutes before the start of the first midweek September Real Estate Salesperson class, there was no one waiting to get into the school. Well, that has happened before, last minute arrivals. We had just finished an intensive Weekend class that was about 3/4 full. I was totally unprepared for what followed.

At ten minutes before the start of class, three students were in class. Five minutes before the start of class, there were ten students. Then, suddenly, the room filled up. We needed extra chairs and tables. What a surprise! We did not even have enough text books. Fortunately UPS showed up an hour later with the extra books we had ordered and the class went smoothly.

There was a similar story with the evening class. What a surprise! I surveyed the students and found that each felt that there is an opportunity in real estate sales. Most of the students have a reasonable expectation of the local real estate market....not a boom, but never the less, a gradual recovery.

This is very encouraging as we are also seeing a definite improvement in the actvity in our affiliated real estate office, Century21 Annex Realty .

I know that the National Association of Realtors is urging an extension of the first time home buyer credit. This would be good, as there has been a lag in the program getting underway and it being used. One deterent that has been eliminated in many states isthe ability to use the credit at the closing. Signs of good things to come!