THE COST OF ADVERTISING CONTINUES TO RISE
Direct mail cost has increased drastically with printing costs going up as well as postage increasing year in and year out. Online marketing has increased given all of the agents flocking to the advertising platforms. And of course, Zillow, Trulia, and others all increase their cost per zip code along with make agents sign long term contracts.
LACK OF TIME & INCREASED COMPETITION WITH ALL THE NEW AGENTS
They are NOT making any more time... so you are expected to use the 24 hours in the day to produce the same results, if not more! However, there's an increased number of real estate agents entering the market every year. There are over 1.3 MILLION agents in the United States alone!
NOT TO MENTION DISCOUNT BROKERS AND iBUYERS ARE SUPPRESSING COMMISSIONS
And oh yeah...how about the brokers out there that charge a low flat fee to list a home? Also, we have all heard about Open Door and similar companies coming into the market and gobbling up market share. Each home listed with a discount broker or bought by an iBuyer means less opportunities for you as an agent as that means there is less inventory for you to compete over.