The number of REALTORS in the US has hit an all-time high of 1,424,136. REALTORS are members of the National Association of Realtors. I can never find any data as to how many real estate licensees there are in the US. In the Twin Cities, a large percentage of real estate agents are REALTORS.
There isn’t any way to know how many REALTORS work selling real estate either but it is safe to guess that when there are more REALTORS there are more active real estate salespeople too.
In Minnesota, the number of REALTORS has risen to 21,234 while at the same time overall home sales remain flat.
There has never been a shortage of REALTORS. When the unemployment rate goes up we usually see an uptick in the number of REALTORS. This year housing is one of the strongest sectors of the economy which means there will be more REALTORS.
The housing data in the charts are from year-end summary reports from the Minnesota Association of REALTORS. The number of REALTORS is from data collected by the National Association of Realtors.
Not all REALTORS sell real estate. Some work in commercial real estate and in rentals and property management too. When people ask me if it is a good time to become a REALTOR the answer is always yes. For details on how to get a real estate license in Minnesota go to the Minnesota Department of Commerce website.