REALTOR® isn’t a job title. REALTORS® are members of the National Association of Realtors. (NAR). Every year in about the middle of the year NAR releases a membership report. Here are some statistics from the report:
There are 1.22 million members nationwide.
63% of all members are women.
The median age of members is 53 years old.
82% own their primary residence.
Median years of experience for members is 10 years.
4% of members are under 30.
30% of members are over 60.
In 2016, the typical agent had 12 transactions, which is up from 11 transactions in 2015
The median gross income is $42,500
38% of those who have 16 years or more of experience have median gross incomes of $100,000
More than half of the members who have less than two years of experience earn 10K a year.
51% of member agents are affiliated with independent firms.
82% of REALTORS® are very certain they will remain active as a real estate professional for two more years.
Tomorrow I’ll have some numbers for home sales in St. Paul for the month of February.