The National Association of Realtors tracks agents’ median incomes each year, as well as commission structures across the U.S. Below are NAR’s findings from its 2013 Member Profile:
• Percentage-split commission is the prevailing method for Realtor compensation, with roughly seven in 10 respondents indicating this method of compensation, similar to past years.
• The median gross income of Realtors was $43,500, up from $34,900.
• In 2012, 44 percent of Realtors earned between 50 and 99 percent of their income from their primary real estate specialty.
• The median business expenses rose to $4,900, from $4,520
• The largest single expense category for most Realtors was vehicle expenses, which increased to $1,790 from $1,770.
• Realtors with 16 years or more experience had a median gross income of $57,300, compared to Realtors with two years or less experience who had a median gross income of $9,700.
OH darn and here I thought realtors drove expensive cars given to them by their Managing Broker, most realtors have Million Dollar Producer on their businesscards so it only stands to reason we all drive expensive cars, right? Why does the public believe this –