During the past couple of weeks, several people have been surprised when I mentioned that there are more female REALTORS than male REALTORS. Female real estate brokers and agents are on average older than the rest of the workforce too.
When the National Associaton of REALTORS advertises its services they tend to use pictures or videos of young men and young women but that doesn’t represent who most the real estate workforce.
NAR believes that they need to actively advertise to younger people. Even if younger members join they will one day become older members and there is never a shortage of REALTORS, in fact, there are more than are needed.
Traditionally younger people are not attracted to jobs as independent contractors working on a 100% commission basis with no benefits. Most REALTORS are independent contractors who work on a 100% commission basis and only get paid after a successful closing.
REALTOR isn’t an occupation. A REALTOR is someone who belongs to the National Association of Realtors. Realtors are misunderstood but I don’t think anyone has time to read the thousands of words I could write on that topic. Here are some statistics:
65% percent of REALTORS® are licensed as sales agents, 21% hold broker licenses, and 15% hold broker associate licenses.
The typical REALTOR® was a 54-year-old white female who attended college and was a homeowner.
67% of all REALTORS® were female, up from 63% last year.
33% of REALTORS are over 60.
The majority of REALTORS®—84%—owned their primary residence and 38% owned a secondary property.
54% of REALTORS® were affiliated with an independent company. (Like Boardman Realty)
Nearly 9 in 10 members were independent contractors at their firms.
9% of REALTORS® worked for a firm that was bought or merged in the past two years.
REALTORS® with 16 years or more experience had a median gross income of $71,000 compared to REALTORS® with 2 years or less experience that had a median gross income of $9,300.