LJ Hooker believes people wanting to make quick buck entering real estate industry; attrition rate of good staff also a problem
Tuesday, August 23rd 2005, 8:21AM
by The Landlord
A real estate agency believes the industry is attracting some of the wrong people and not doing enough to retain the right staff.
Business director of LJ Hooker New Zealand, Michael Davoren, says the huge attrition rate of agents is the sector's biggest problem, with 80 percent leaving within their first year.
He says while the barriers to entering the industry have been raised in recent years, people who simply do not have the right attributes are still coming in, attracted by the illusion they can make a quick buck selling houses.
Mr Davoren says the Real Estate Institute and the major networks are trying to raise standards because if they do not, the government will do it for them, through greater regulation.
