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All my agents are retiring — what do I do?

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SAN FRANCISCO — Brokerages do not have a plan to transition retiring agents, which is worrying when 40 percent of National Association of Realtor (NAR) members are currently 60-plus years old, said Joe Rand, managing partner and general counsel, Better Homes and Gardens Real Estate Rand Realty, at Inman Connect San Francisco today. He stressed that the industry would be losing a generation of particularly good agents. “Those agents are retiring who came of age in the 1970s were born in the 1950s. This was a great generation who were there at the birth of the modern real estate industry when franchises began springing up and we don’t have a plan for them when they retire. “They just leave — ‘goodbye!’ — they are agents who built something that’s worth money, but we’ve never …

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