• The demographics of NAR members has not changed much in recent years.
  • 57 percent of members are women. There is a larger share of females who are sales agents, while there is a larger share of males who are broker-owners in the field.
  • REALTORS are highly educated—nine in ten of NAR members have at least some college education.
  • One change we have seen is the median age of members has increased. The typical member reported they were 56 years old in the latest Profile, up from 52 in 1999.
  • For more information on the Member Profile, please go to: http://www.realtor.org/topics/member_profile

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Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights unemployment insurance and GDP growth.

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Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications.

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  • As the economy suffered through the recession and housing took a particularly hard hit, REALTOR® incomes have also been affected, as 84 percent of NAR members are paid on a commission basis.
  • It is important to note what the NAR member does within their office and firm provides variation to the member. Broker-owners and managers who do not sell typically had the highest incomes—13 percent of broker-owners who do not sell had gross annual incomes above $250,000 in 2010.
  • Sales agents are typically the newest members to real estate and typically had the lowest income—28 percent of sales agents had gross annual incomes less than $10,000 in in 2010.
  • REALTOR® membership has fallen from 1.4 million in 2007 to roughly 1 million today.  The adjustment is a healthier move away from the surplus who entered the business during the boom/bubble years.  But the decline also reflects the tough housing years of the recent past.  Interestingly, the number of real estate licensees fell much more sharply than overall REALTOR® membership, implying that non-REALTORS® were further squeezed.  It is hoped that there are not an overabundance of entrants into the profession when the real estate market does indeed recover so that existing members get some income boost rather than a diluted recovery due to too many being in the business.
  • For more information, visit the 2011 NAR Member Profile page on realtor.org

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Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses housing starts and permits.

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