Median REALTOR® Income Up by $8.6K

May 16, 2013 | Comments Off on Median REALTOR® Income Up by $8.6K

Both the business activity and income of REALTORS® are up for the second year in a row, following nine years of decline. According to the 2013 National Association of REALTORS® Member Profile, median gross income for REALTORS® rose to $43,500 in 2012 from $34,900 in 2011. The nearly 25 percent increase is only the second gain in the past 10 years.

Part of the growth results from an improving market, according to Paul Bishop, NAR’s vice president of research.  “Median REALTOR® income had fallen by 35 percent during the housing downturn, but with the help of sustained increases in both home sales and prices, it’s recovered to the highest level since 2006,” he said. Also, the median number of transaction sides or commercial deals handled in 2012 was 12, up from 10 transactions sides in 2011.

Of course, the median income number ranges depending on a number of factors. Members licensed as brokers typically earned $54,900 in 2012, while the median for sales agents was $34,000. Median gross income tends to increase with the degree of time invested; those in business for 16 years or more earned $57,300 and those working 60 hours a week or more earned $85,700.

Source: National Association of REALTORS®


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