Realtors make more — 25 percent more in 2012, says NAR

Congrats on the raise.

According to NAR’s 2013 Member Profile, Realtors are doing much better this year — earning 24.6 percent more in 2012 than they did in 2011. (That’s two years in a row that Realtor’s income rose.)

Essentially, fewer Realtors + more total sales = more money for each Realtor.

Here are some specifics to mull over:

In 2012…

  • Median gross income for a Realtor was $43,500 (up from $34,900 in 2011), on a sales volume of $1.5 million, spread over 12 transaction sides.
  • Realtors with 16 years or more experience had a median gross income of $57,300.
  • Realtors with two years or fewer experience had a median gross income of
    $9,700.
  • Property managers managed a median of 49 properties each, the highest number ever recorded.
  • The median business expenses for a Realtor were $4,900 — 37 percent of which were vehicle expenses. (Note to grammar nazis: Yeah, yeah.)
  • 24 percent of residential brokerage specialists had at least one commercial transaction side in the last year.
  • The typical agent had one transaction side involving a foreclosure and one involving a short sale.

See all the details in NAR’s 2012 Member Profile.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
This entry was posted in The Buzz. Bookmark the permalink.

One Response to Realtors make more — 25 percent more in 2012, says NAR

  1. Doug Francis says:

    This is an interesting report.

    Although I thought agents were spending more time on their web sites, this stat shows that most could care less about having a site: REALTORS® spent a median of $220 to maintain a website in 2012.

    Do you think prices are dropping? It just seems extremely low to me since 95% (or more) of consumers are using the web to conduct their home search.

Leave a Reply

Your email address will not be published. Required fields are marked *