REALTOR isn’t an occupation. A REALTOR is someone who belongs to the National Association of Realtors. We are misunderstood but I don’t think anyone has time to read the thousands of words I could write on that topic. Here are some statistics:
65% percent of REALTORS® are licensed as sales agents, 21% hold broker licenses, and 15% hold broker associate licenses.
The typical REALTOR® was a 54-year-old white female who attended college and was a homeowner.
67% of all REALTORS® were female, up from 63% last year.
The majority of REALTORS®—84%—owned their primary residence and 38% owned a secondary property.
54% of REALTORS® were affiliated with an independent company.
Nearly 9 in 10 members were independent contractors at their firms.
The median tenure for REALTORS® with their current firm was four years again in 2017.
9% of REALTORS® worked for a firm that was bought or merged in the past two years.
In 2017, 36% of REALTORS® were compensated under a fixed commission split (under 100%), followed by 23%with a graduated commission split (increases with productivity).
REALTORS® with 16 years or more experience had a median gross income of $71,000 compared to REALTORS® with 2 years or less experience that had a median gross income of $9,300.
The largest expense category for most REALTORS® was vehicle expenses, similar to last year, which was $1,370.
Members of NAR are held to a code of ethics and standards of practice.
There are generally more REALTORS than there are home sales and even more real estate licensees. It is hard to survive in real estate sales in the Metro area without being a member of NAR. Most of the local real estate companies make joining NAR mandatory.
A couple of the numbers that stand out is the 67% female up 5% from last year and that the median age went up from 53 to 54. The entire population is aging but the median age of REALTORS was going down.