The number of people taking state exams to be real estate agents has dropped 57 percent and Nashville area real estate schools are seeing enrollments cut in half.
Those signing up to use the Middle Tennessee Multiple Listing Service has also declined, down 43 percent from last year to 477 from 843 in the first quarter, according to Real Tracs.
Fewer are getting into the industry and there's been an increase in Realtors getting out, says Harold Crye, CEO of Nashville's largest real estate company Crye-Leike Realtors Inc.
Jason Murphy, administrative manager with Crye-Leike, says the romance is over.
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