The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents' propensity to move between brokerages, underscoring the influence of external factors on mobility.
October's data underscores the significant impact of recent events on our industry. The combination of political uncertainty and major regulatory changes has clearly influenced agents' decisions to stay put.
As the industry adapts to the NAR settlement, there is cautious optimism that this decline may reverse in the coming months, highlighting potential for recovery.
Brokerages should remain vigilant and prepared for a possible uptick in movement as the market adjusts to the new normal, indicating that change might be on the horizon.
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