According to the National Association of Realtors, the typical Realtor is probably nothing like what most people think. Here are some statistics on the typical real estate agent in the United States:
- A 57-year-old, married, female who owns her own home (let’s get it in gear guys!). Incidentally, I know in my office—here in Georgia, with Keller Williams—there about 3 females for every 1 male.
- She sells residential real estate full time and had a median gross income last year of $43,500—a lot less than most people imagine (given the perception that real estate agents earn a “high” commission). This is down from $45,800 the previous year, and $47,700 the year before that.
- She closed 11 transactions in 2014—about one per month.
- Is most likely with an independent firm (59%) vs. a franchised company (37%)
- Has been with her firm for 5 years
- And finding the right property (33%) and obtaining a mortgage (26%) were the biggest challenges her clients faced.
Are you interested in becoming a real estate agent? Check out this post: Getting Started as a Real Estate Agent