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.
