2012 NAR Member Survey Shows Rising Incomes
An article from RISMedia
Posted by: RET Staff
The study's results are representative of the nation's REALTORS®, who are members of NAR. REALTORS® account for about half of the 2 million active real estate licensees in the U.S.* REALTOR® members go beyond state licensing requirements by subscribing to NAR's Code of Ethics and Standards of Practice, commit to continuing education and have access to professional resources to better serve the needs of clients. Many non-member licensees are inactive or part-time.
Paul Bishop, NAR vice president of research, said member income rose for the first time since 2002. "The median income of a REALTOR® rose 2.3 percent to $34,900 in 2011, which is the first overall gain in nine years," he said.
"Many REALTORS® have persevered through very difficult market conditions and understand the cyclical nature of the business, but have never had to endure a cycle like the one that is presently waning. The good news is home sales are rising, overall activity is expected to be notably better this year and individual prospects are much brighter, given there are fewer REALTORS® than several years ago."