Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: NAR Survey About Realtors

NAR Survey About Realtors

Some very interesting statistics have been released by NAR. 

  • Median income was $47,700 in 2006, down from $49,300 in 2004. Members licensed as brokers earned a median of $73,700 last year, while sales agents earned $34,600.
  • Men earned a median income of $58,600 in 2006 and were more likely to be brokers, while women earned $42,000 and were more likely to work part time.
  • Realtors in the business for two years or less earned a median income of $15,300, while those with three to five years of experience earned $44,200. For six to 15 years, the median was $64,600, while members in the business for 16 or more years earned $76,200.
  • Nearly six in ten NAR members are women.
  • Five percent are younger than 30 while another 6 percent are 30 to 34 years old; 12 percent are 65 or older.
  • Most Realtors hold a sales agent license (63 percent), followed by a broker's license (22 percent), broker associate (16 percent), and appraiser license (3 percent). One percent hold some other kind of license.
  • One quarter of all business is from referrals or repeat business from previous clients.
  • Seven out of ten are compensated through a split commission arrangement, 17 percent receive a full commission and another 3 percent receive a commission plus a share of profits.
  • Only 10 percent work fewer than 20 hours per week and 30 percent work 20 to 39 hours per week, while 15 percent work at least 60 hours per week.
  • Eight out of ten brokers report their primary business specialty is residential brokerage.
  • Nine out of ten members report their firms have websites, and 61 percent have personal websites.
  • Half of all members communicate with their clients by e-mail more than 50 percent of the time.
  • What do you think about this information?  I would definitely say I'm soaring WAY above the average for the typical sales agent.  I'm also considerably above the number for agents who have been in the business 6-15 years.  I used to be in the 5% bracket for age, but now I'm part of the group making up 6%.  I'm also working my fair share around or over that 60 hours a week mark.  I can't believe it's only half of agents communicating via email for most of their business. 

    Any of these numbers shock or surprise you?

    Comment balloon 5 commentsDonna Harris • May 17 2007 10:19AM

    Comments

    The dollars for those in the industry for more years makes sense.  In the first 2 years many wash out.  There numbers water down the serious agents.  With 5 or more years you are looking at a much higher percentage of the professional agents.
    Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) over 11 years ago
    I'm actually surprised that only 61% have personal websites. Especially with all the freebies out there. The others are about what I would expect.
    Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) over 11 years ago

    Donna, I'm not surprised at the "50%" using email. Lots of Realtors are pretty technophobic and behind the curve. (Obviously, that doesn't apply to anyone on AR; the technophobes don't know what blogging is!)

    What's goofy is that 61% have websites, but only 50% use email... obviously having a website and not checking and responding to email is kind of a waste of the website!

    Posted by Laura Warden Nordin, 30-year Top Producer in Greater ABQ Real Estate (Century 21 Camco Realty) over 11 years ago

    I think that the 61% includes people who have a personal site branched off their broker's site.  Many people don't realize that's not considered a personal site, so I think the number is actually much lower.  When I was at my last brokerage, people would ask me all the time why I maintained my own website when the broker gave all of us a free one... 

    I think the number is below 50% for people who have real personal websites.

    Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 11 years ago
    I do not think the numbers are surprising.  I think the website numbers are way off.  Most agents have a generic brokers web oage only.  They ahave the same web page everyone else in the company has.
    Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) over 11 years ago

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