BrokerageIndustry News

Realtor membership rises in some areas

NAR reports 10% overall decline

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From 2004 through 2005, home-sale activity surged toward a peak in most U.S. metropolitan real estate markets. The feverish market activity lured a long line of individuals to obtain a real estate license, with the hopes of cashing in on the booming sales. The exodus of Realtors into the business began to reverse with the slumping real estate market. According to the National Association of Realtors, all but one state association's May 2009 membership totals trailed membership totals for May 2008, with 28 state associations experiencing a double-digit percentage drop in membership -- that trend has not held for all local and state Realtor associations, though. While overall Realtor membership in May trails the total for May 2008, some larger local Realtor associations and several medium-sized state associations have witnessed increases in new members during April and May when compared to the same months last year and previous months this year. Between April and May, Realtor...