labor-day-2017

Labor Day 2017: Celebrating Hard-Working REALTORS®

Looking at data from the 2017 Member Profile we recognize REALTORS® for their hard work and successes this Labor Day.

  • Sixty-five percent of REALTORS® are licensed as sales agents, 22 percent as brokers, 15 percent as broker associates, and two percent as appraisers.
  • The majority of REALTORS® specialize in residential brokerage at 70 percent, with commercial brokerage making up two percent.
  • The typical member has been in the real estate industry for a median of 10 years, and has been at their present firm for a median of four years.
  • Ninety-five percent of REALTORS® were certain that they will remain active as a real estate professional during the next two years.
  • In 2016 the typical member had a median of 12 transactions, and a median sales volume of $1.9 million.
  • REALTORS® worked a median of 40 hours per week in 2016, with 65 percent working 40 or more hours per week.
  • Only four percent of members cite real estate as their first career, prior full-time careers include:
    • Management/Business/Financial: 17 percent
    • Sales/Retail: 16 percent
    • Office/Admin support: 9 percent
    • Education: Seven percent
    • Healthcare: Five percent
    • Homemaker: Four percent
  • For 74 percent of REALTORS® real estate is their only occupation. This percentage increases with experience. Eighty-four percent of members with 16 years or more of experience cited real estate as their only occupation.

View the Labor Day infographic and find out more about REALTORS® in the 2017 Member Profile.

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