Thernmedian income of a Realtor (a member of NAR), increased to $47,700 in 2013 from $43,500 in 2012, a 9.6 percent increase. rnThe median in 2011 was $34,900.  Thernmedian number of transactions completed by agents (there are two sides to eachrntransaction – listing and selling) remained unchanged from 2013 at 12, bothrnyears were substantial improvements over the median of seven transactions inrnboth 2008 and 2009. </p

Incomernincreased with experience and those NAR members who had been in the businessrnfor more than 16 years earned $70,200 from 15 transactions while those withrnthree to five years’ experience had a median income of $30,100 from 10rntransactions.  Brokers earned $66,300rnwhile those holding the more common sales agent licensed earned $35,000.</p

NAR’s Chief Economists Lawrence Yun saidrnseveral factors limited the completion of sales transactions.  “The survey indicates that inventoryrnshortages, overly restrictive mortgage lending standards and the rise in homernprices and interest rates last year had an impact on Realtors ability to helprntheir client find the right property.” </p

NAR’s Member Profile isrnbased on a survey of 95,340 members, which generated 6,462 usable responses,rnrepresenting an adjusted response rate of 6.8 percent.  Responses were weighted to be representativernof state-level NAR membership.  Inrnaddition to financial information, the Member Profile presents demographicrninformation on Realtors and details some of their business practices.  </p

Fifty-seven percent of NAR members are womenrnand they account for 53 percent of brokers and 62 percent of sales agents.  Half of the association’s member hold arnbachelor’s degree or higher, 86 percent own a home and 39 percent own at leastrnone residential investment property.  Onlyrn6 percent began their career in real estate, with the majority having previousrnfull-time careers in management, business or financial (19 percent) or salesrnand retail (15 percent). Forty-one percent of those fluent in other languagesrnspeak Spanish and 96 percent are registered to vote. </p

The typical NAR member works 40 hours perrnweek and more than three-quarters cite real estate as their only occupation.  Eight-two percent are certain they willrnremain in the business for at least two more years, a 2 percentage pointrnincrease from last year’s survey.</p

NAR had an influx of new members and youngerrnones in 2013.  Years of experience inrnreal estate decreased to 12 years from 13 years in 2012; the typical tenure atrna firm decreased to six years from seven years; and the age of membersrndecreased to 56 years from 57 years. Three percent of all Realtors are under 30rnyears of age, 16 percent are between ages 30 and 44, and 24 percent are 65 andrnolder.</p