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January 9, 2024

Real Estate Musical Chairs: Agents Jump Ship from Realogics Sotheby’s to The Agency

Real Estate Musical Chairs: Seattle-Based Agents Jump Ship From Realogics Sotheby’s to The Agency

Highlights of The Agent Migration

  • Seattle-based agents, Sandra Hines, Blake Waggoner and Dave Janssens, have waved goodbye to Realogics Sotheby’s International Realty. Their destination? The shiny halls of The Agency.
  • This exodus indicates a broader trend with agents rethinking their brokerage affiliations, drawing up their pros and cons lists like it’s a bad breakup.
  • The move of these high-profile agents has stirred speculation, prompting other agents to mull over their own career compasses.

Unanswered Questions

  • Despite the dramatic departure, the reasons behind the switch remain as elusive as a cat in a Christmas tree. Are these agents drawn by The Agency’s perks or spurred by so far undisclosed issues at Realogics Sotheby’s?
  • It raises concern about the stability of real estate companies, in an industry that likes its stability as much as a hiker likes his hiking boots.

Repercussions for the Real Estate Market

  • The displacement could influence the real estate dynamics in Seattle. A shuffle at the top decks can cause a ripple effect that leaves everyone clutching their beachballs.
  • Given the cards on the table, other players in the real estate game may also try their hand at reshuffling their decks. Don’t be surprised if we get treated to more surprise moves.

In The Meantime…

  • In the meantime, The Agency seems to be settling into the role of the pied piper, charming top talent away from competitors with an irresistible tune (read: compensation and benefits).
  • The question on everyone’s lips – Is this a one-off event or should we get ready for a series of hop, skip and jumps in the real estate sector?
  • As for Sotheby’s, the old giant may need to come up with a game plan to plug the talent drain before it turns into a whirlpool.

In an industry that often feels like a rollercoaster without a seatbelt, it’s both exhilarating and nerve-wracking to see agents “trading houses” much like they trade property. With Sandra, Blake, and Dave bidding adieu to Sotheby’s to join The Agency’s ensemble, the Seattle real estate stage is set for a spicy drama, and we’re all here for it with popcorn at the ready. It’s like an episode of a reality TV show, minus the gratuitous drama and with more discussions about mortgage rates and sunken living rooms. Here’s to hoping our freshly migrated agents find their new home just as appealing as the ones they’ve been selling. Meanwhile, Sotheby’s might want to consider throwing in a free toaster (or a more engaging company culture) to stop their talent pool from evaporating. Because in this game, it’s in with the new Agency, while it’s, ‘so the bye’s’ for Sotheby’s.

Original article: https://www.inman.com/2024/01/08/3-top-agents-from-realogics-sothebys-move-to-the-agency/

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Martin Towers


Martin is an ex Real Estate Agent turned digital marketer and entrepreneur now specialising in helping Realtors all around the world

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