Rob Hahn discusses his thoughts about the future of real estate agents after reading this in the Zillow 2Q/2015 Earning Call:
For example, at the end of Q2, the number of agents spending more than $5,000 per month, grew 48% year-over-year. Agents spending over $2,500 per month, grew 44% year-over-year. And the number of agents spending over $1,000 per month grew 34% year-over-year. The churn rate among these cohorts is very low, validating our strategy of focusing on high performing agents.