What Was Real Estate Like in 1980?

By
Real Estate Broker with Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 TN Broker: 208698

What Was Real Estate Like in 1980? If you weren’t in the business in the early 80’s then you have no idea how much it has changed, gotten more complicated and even better with time. By looking at the past and the way business was conducted way back in 1980, you will appreciate what you have now and all the tools and technology that dominate our real estate world.

What Was Real Estate Like in 1980?

Office- Agents were all put in one big room called a bullpen; private offices wereThe old way of doing real estate not an option.

Desk- It was a small salesman desk about 18” by 36”. If you were really lucky, you didn’t have to share it.

Telephone- It was the large clunky kind with a rotary dial that took up a third of the desktop space. No voicemail or call forwarding features were available.

Dress code- Men wore suits and ties. Ladies wore business suits, pantsuits or dresses and always wore pantyhose and heels.

Mobile phones- We used two-way radios to communicate with the office or other cars. The mobile phone came into play in the early 80’s but it was a huge box mounted in the trunk of the car and only a very few agents had or could even afford one.

Customer Database-3x5 inch card file system.

InstamaticMLS-Book was printed on newsprint, published bi-weekly in black and white. This is how you found out about other company’s inventory.

Photos- You used an instamatic camera or used a camera with film and rushed to get your photos developed in 3 days so you could turn it in to MLS with your new listing to make the next publication.

Keys and Lockboxes- No lockboxes because every company had keys for you toHouse keys to pick up pick up and return to their offices. Sometimes it would take a half a day to pick up and return all the keys from your showings.

In-House Listings-We were paid a premium to sell in-house listings and to help promote these, on Monday mornings we would caravan and see every one of the new company listings.

Sales Meeting-Every Monday morning we would meet to discuss what we had done for the last week and afterwards go tour our listings. Then we would go to lunch together then hurry back to the office to call our clients to let them know about the new listings we had just seen.

PhonebookCommunication with sellers and buyers- We would telephone from the office, home or pay phone (we kept plenty of dimes in our cars) or we would go see them in person. Mail worked well too and if things went well they would receive it in less than 5 days.

Walk-ins- These happened often and buyers and sellers regularly called the office to ask for an agent to come help them.

Transportation- Buyers always rode with the agent, wore no seat belts and smoked in our cars.

Agency-We all represented the seller as seller’s agent or subagent to the seller. No buyer’s agents.

Advertising-Newspaper advertising was a must. Homes magazines were just hitting the scene.

Paperwork-Every good office had a typewriter and plenty of carbon paper to write listings and sales contracts. 

Sale Contract-One legal size page with no addendums needed.

Listing Contract-One legal size page but you could use the back of the page for additional details if you needed it.

Average Sales Price- $35,000 in Clarksville, TN.

Copy machines, fax machines, computers- One copy machine in the whole company. No faxes and no computers.

Typewriter

Signs-Looked much the same as today but no flyer boxes were used. We had no name riders just the company phone number.

Closings-Many were cash sales, assumptions or land contracts and closed in the real estate office. No escrow or title companies were used. We did close at the banks though.

Commission Checks-We had to wait until the next sales meeting day to get our commission checks and sometimes wait an entire week.

So What Was Real Estate Like in 1980? It was a fun, challenging business just like today, but at a much slower pace because everything took so much longer and was more difficult to do. Aren't you glad we have all the technology of today?

 If you would like information on homes in Clarksville TN contact Debbie Reynolds Clarksville TN Real Estate Agent at 931-920-6730.

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Want To Know What Debbie Has to Say? 

If you are needing Real Estate services in Clarksville TN it would be my pleasure to assist you!

 

.


"The Real Debbie Reynolds" at
BuyorSellClarksville.com

Prudential PenFed Realty, 2503 Wilma Rudolph Blvd., Clarksville, TN 37040

An independently owned and operated member of BRER Affiliated, Inc.

Not affiliated with Prudential. Prudential watermarks used under license.

931-920-6730 (office)   931-320-6730 (cell)

                 

 

 

 

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Topic:
ActiveRain Community
Location:
Tennessee Montgomery County Clarksville
Groups:
Tennessee
Prudential Active Rain Bloggers
Diary of a Realtor
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Tags:
real estate business changes
1980s

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Ambassador
865,122
Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Marte, You gave me another walk down memory lane.  I remember taking payments on commission too. And an agent in our office got a tractor as part of their commission.

Brian, 4500 in your board was huge. Ours was only about 200 members but the principles of who worked and hustled, generally got the business. Nobody in my office was a slacker. We kind of motivated each other and were eager to share our successes. You developed very good work ethics and that made you have a good foundation for your following success.

July 15, 2012 12:36 PM
Rainmaker
335,335
Lloyd Binen
Silicon Valley R since 1976;408-565-8177
Certified Realty Services

In response to your question to my first comment in #51: "Is retirement within sight for you?"  I'll work as long as people will hire me because I enjoy it.

July 15, 2012 06:42 PM
Ambassador
865,122
Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Lloyd, Working keeps you young don't you think? It is super that you still love it.

July 15, 2012 07:51 PM
Rainmaker
260,268
Wayne B. Pruner
Tigard Oregon Homes for Sale, Realtor, GRI
Oregon First

Sigh. I can remember that stuff. Times are a changing.

November 11, 2012 09:45 PM
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Debbie Laity
Your Real Estate Resource for Delta County, CO
Cedaredge Land Company

My broker has been in the business for 35 years and I guess they used carbon paper back then to make copies, but copies weren't generally needed and people shook hands and agreed and the contracts were one page long. Those must have been the days.

June 23, 2013 08:45 PM
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I Know Clarksville! Let me share it with you.
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Additional Information

Debbie Reynolds, Broker, ABR, CRB, CRS, GRI, SFR, SRES- Specializing in marketing, listing and selling real estate in the Clarksville TN/Ft. Campbell KY real estate market area