Even the top agents are moving into survival mode to be sure, but for goodness sake don't let your license lapse. You worked too hard to get the license to throw in the towel. The market will turn around eventually; and those who have kept up their license with the required education will be the ones that reap the benefits.
Even if you do take on another job to make ends meet or completely change careers, that's no reason to let a license lapse. Just this morning a referral came in from an agent who has gone back to nursing. The client is looking to buy a $350,000 home and financing is already approved. The referral agent will pick up a referral fee of $1500 to $2000. This would not have been possible with a lapsed license.
Remember the first Rocky movie. Rocky worked in a meat plant and used a side of beef to practice boxing. He told Pauly, "Ya gotta do, what ya gotta do." Certainly we must all do what have to do in hard times. But by all means keep up your education and the day will come when you can get back in the ring again.
