Realtors’ median gross income dropped 14 percent in 2008, to $36,700, forcing many less experienced Realtors to leave the business, according to a survey by the National Association of Realtors.

NAR’s 2009 Member Profile showed the median age of Realtors rising from 52 to 54 and average years of experience increasing from eight to 10.

The survey revealed the extent to which experience is tied to earnings: Those with two or fewer years in the business had a median gross income of $8,600 before taxes and expenses; those in the business at least 16 years had a median gross income of $53,900.

Sales agents had the lowest median net income ($18,700), followed by associate brokers ($27,000), broker-owners ($31,700), appraisers ($39,600), and managers and broker-owners not engaged in sales ($44,400).

Most of the Realtors surveyed — 60 percent — were licensed as sales agents, while 24 percent had broker’s licenses, 16 percent were licensed as broker associates, and 3 percent as appraisers.

Credits: Inman News

TRE Daily’s team of agents are experienced, and we are having no issues finding and serving new clients. It must be the way that we market ourselves and how we are positioned in this industry. You may be looking to purchase a home through a foreclosure or a short sale, but just remember that you want to find a Realtor who is knowledgeable and skilled at that matter. We are. This year of 2009, those are the kinds of deals we’ve been handling by the majority. Give us a call at 1 (800) 536-7480.

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