Health & Fitness
The American Realtor: What You Might Not Know About Us
Check out some behind-the-scene, eye-opening facts about the American Realtor.
The National Association of Realtors (NAR) just released the latest findings of their 2013 "Member Profile" of working, licensed real estate agents. While the stats don't surprise me after being in the business for nearly a decade, I think a lot of folks might find this information eye opening. I think the assumption among those outside of the business is that real estate agents make big money easily by, as one of my neighbors told me once, "simply opening doors."
Let me set you straight: most of the great real estate agents I've had the privilege to work with are highly dedicated; devote practically every waking hour to their profession; and, never met a challenge they were afraid to take on. I'm honored to be a Realtor and happy to say with all my heart that I love what I do and I do what I love.
- Realtor median gross income rose from $34,900 in 2011 to $43,500 in 2012
- Brokers earn $54,900
- Sales agents earn $34,00
- Realtors with 16+ years of experience earn $57,300
- Realtors working 60+ hours per week earn $87,500
- Realtors average 12 sales per year, up from 10 in 2011
- Typical Realtor has 13 years of experience
- Typical Realtor is 57 years old
- 57% of Realtors are women
- Half of all Realtors have at least a bachelor’s degree
- 90% of Realtors own a home
- Less than 6% of Realtors are under 34
- Half of all Realtors are sales agents
- 27% of Realtors are brokers
- 18% of Realtors are broker associates
- 36% of Realtors don’t have their own website
- 88% of Realtors don’t have a blog
- 44% of Realtors don’t use social media
- 78% of Realtors aren’t covered by errors and omissions insurance
- 96% of Realtors do not receive health insurance through their firm
- One in three Realtors say obtaining a mortgage remains the top obstacle to a transaction
- 25% of Realtors say the top challenge is finding the right property