BrokerageIndustry News

Realtor ranks swell, but their pocketbooks don’t

NAR survey shows decline in Realtors' median income

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The typical Realtor is making less money and doing fewer deals as more people have joined the profession, according to the latest National Association of Realtors member survey. Realtors' median income was $47,700 in 2006, down 3.2 percent compared to 2004. The median income was $49,300 in 2004, down 5.6 percent compared to 2002, according to the 2007 NAR Member Profile. While the median income for sales agents slipped to $34,600 in 2006 -- an 8 percent drop compared to a median income of $37,600 in the 2004 survey -- it was a very different story for brokers. Brokers' median income grew 39.6 percent to $73,700 in 2006 compared with $52,800 in the 2004 survey. Experience appears to be a major factor in Realtor income. Realtors in the business for two years or less earned a median of $15,300 per year in 2006, while those with three to five years of experience earned $44,200, those with six to 15 years in the business earned $64,600 and veterans with 16 or more years of expe...