Real Estate Agents

PHOTO: Real estate agfents

According to STUFF real estate agents have no excuse not to lavish time on their clients – New Zealand now has more agents than homes for sale.

A total of 15,503 agents and 909 companies have active real estate licences, about 1200 more than a year ago. A record number of people applied to join the industry in the past year, according to the Real Estate Agents Authority.

At the same time a growing shortage of listings has been compounded by the Covid lockdown.

At the start of this month there were 12,250 homes on the market, a third fewer than last year, according to the Real Estate Institute (REINZ).

Stephen Lee, a real estate agent with The Professionals, said agents were competing for listings and some were cutting commissions.