After
a
multi-year
decline
in
agent
movement
between

brokerages,


Relitix’s
Agent
Movement
Index
shows
a
clear
bottoming
out
in
early
fall
of
2023
and
increased
real
estate

agent
mobility
as
we
move
into
2024.

“We
can
definitely
call
a
bottom
to
the
decline
in
agent
movement,”
said
Rob
Keefe,
Relitix
founder
and
president.
 “Agents
will
begin
moving
more
between
brokerages
in
2024
as
the
market
begins
to
normalize.
However,
the
drop
in
active
agent
count
from
a
peak
in
late
2022
will
mean
that
the
total
number
of
experienced
agent
recruits
will
remain
lower
than
what
we
were
seeing
in
recent
years.”

The
monthly
AMI
value
finished
at
70.4
for
December
with
a
seasonally
adjusted
value
of
92.2.
The
November
values
were
revised
upward
to
81.2
and
91.6
respectively.

Trends
in
the
relative
movement
of
experienced

real
estate
agents
between
brokerages
are
an
important
strategic
consideration
for
brokerage
and
franchise
leaders.
The
relative
amount
of
movement
fluctuates
over
time
on
a
seasonal
and
long-term
basis.

Methodology: 
The
Agent
Movement
Index
is
published
monthly
and
features
monthly
and
seasonally
adjusted,
and
12-trailing-month
values.
The
index
is
calculated
using
national-level
data
from
a
large
sample
of
the
nation’s
most
prominent
MLS
systems.

The
agent
movement
reflects
the
relative
mobility
of
experienced
agents
between
brokerages.
The
score
is
computed
by
estimating
the
number
of
agents
who
changed
brokerages
in
a
given
month.
To
be
counted
the
agent
must
be
a
member
of
one
of
the
analyzed
MLS’s
and
change
to
a
substantially
different
office
name
at
a
different
address.
M&A-driven
activity
and
reflags
are
excluded
as
are
new
agents
and
agents
who
leave
real
estate.
Efforts
are
made
to
exclude
out
of
market
agents
and
those
which
are
MLS
system
artifacts.
The
number
of
agents
changing
offices
is
divided
by
the
number
of
agents
active
in
the
past
12
months
in
the
analyzed
market
areas.
This
percentage
is
normalized
to
reflect
a
value
of
100
at
the
level
of
movement
in
January
2016
(0.7313%).
The
seasonally
adjusted
value
divides
the
monthly
result
by
the
average
of
the
same
month
in
prior
years.

Analyzed

MLS’s
represent
over
800,000
members
and
include:
ACTRIS,
ARMLS,
BAREIS,
BeachesMLS,

BrightMLS,
Canopy,
Charleston
Trident,
CRMLS,
GAMLS,
GlobalMLS,
HAR,
LVAR,
Metrolist,
MLSListings,
MLSNow,
MLSPIN,
MRED,
Northstar,
NTREIS,
NWMLS,
OneKey,
RealComp,
REColorado,
SEF,
Stellar,
Triad,
Triangle,
and
UtahRealEstate.

Rob
Keefe
is
founder
of Relitix Data
Science.

Related