2009 NAR Member Profile Highlights Part 3
As part of their “Right Tools, Right Now” campaign, NAR is offering the 2009 NAR Member Profile free to Realtors. If you have the time, take a look. If you’re short on time, here is the third of several highlights from the report:
Highlights:
- - Median gross income for Realtors fell 14%.
- - Brokers who were not involved in sales and managers generally earned the highest income.
- - Higher earning Realtors more frequently have a website, hold at least one designation, have been at their firm longer, and frequently have a bachelor’s degree or higher.
- - 70% of Realtors are compensated on a percentage split
- - 17% of Realtors are on a 100% commission arrangement
Image Source: My Single Property Websites Data Source: 2009 NAR Member Profile
Annual Income of Realtors in 2008 (Gross Income Before Taxes):
- - Less than $10,000: 22% of Realtors
- - $10,000 to $24,99: 17%
- - $25,000 to $34,999: 10%
- - $35,000 to $49,999: 13%
- - $50,000 to $74,999: 13%
- - $75,000 to $99,999: 9%
- - $100,000 to $149,999: 8%
- - $150,000 to $199,999: 3%
- - $200,000 to $249,999: 2%
- - $250,000 or more: 3%
- - Less than $500: 3% of Realtors
- - $500 to $999: 6%
- - $1,000 to $2,499: 17%
- - $2,500 to $4,999: 19%
- - $5,000 to $9,999: 16%
- - $10,000 to $19,999: 15%
- - $20,000 to $29,999: 9%
- - $30,000 to $49,999: 7%
- - $50,000 to $99,999: 3%
- - $100,000 or more: 2%
The median income for a Realtor in 2008 was $36,700, down from $42,600 in 2007.
Total Real Estate Expenses in 2008:
The median amount for business expenses for a Realtor in 2008 was $5,810.
Click here to read the first part of our 2009 NAR Member Profile Review: Characteristics of Realtors
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Free Preview Trial for your next listing presentation, you don't pay until you win!2009 NAR Member Profile Review Part 1: Characteristics of Realtors
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