(Updated August 2013)
How much does the typical REALTOR® earn in a year? The material listed here includes statistics from NAR Research and other sources offering details about the income of agents and brokers and what determines how much they make. (F. Heller, Manager, Virtual Library & Archives)
Income Data From NAR
Source: 2013 NAR Member Profile, (National Association of REALTORS® - Research, 2013).
From the NAR Archives
In its first all-member survey conducted in 1949, NAR found that the typical licensed broker earned an annual income of $10,000.
Articles, Surveys & More from NAR
NAR Member Survey Shows Realtor® Business and Income Continue to Improve (NAR News Release, May 13, 2013).
REALTOR® Income Forecast (Economists Outlook, July 2, 2012).
2012 NAR Member Survey Shows Rising Incomes (NAR News Release, May 14, 2012).
REALTOR® Income with Designations Continues to Rise, (NAR, 2012).
The more you learn, the more you earn? (Economists Outlook, Mar. 1, 2011).
Member Income by Function (NAR - Economists' Outlook, Dec. 20, 2011).
NAR Member Survey Shows Focus on Training, Commitment to Profession (NAR News Release, May 17, 2011).
Income and expenses: Size up your earnings (REALTOR® Magazine, Feb. 2004).
Academic Articles & Studies
Realtor Income Increases 24.6 Percent in 2012, (Mortgage News Daily, May 13, 2013).
Realtor income rises 25%, prepare for wave of new licensees, (AGBeat, May 13, 2013).
Best Business Jobs: Real Estate Agent, (U.S. News & World Report, 2013).
Earnings of real estate salespersons with prior work experience, (Journal of Housing Research, Vol. 21, No. 1, 2012). Q
Tough housing market slams Realtor income, (HousingWire, May 17, 2011).
Do some people work harder than others? Evidence from real estate brokerage, (Journal of Real Estate Finance & Economics, July 2007). Q
Listing specialization and residential real estate licensee income, (Journal of Real Estate Research, Vol. 29, No. 1, 2007). Q
A note on the earnings of real estate salespersons and others in the financial services industry, (Journal of Real Estate Finance & Economics, Nov. 2000). Q
Determinants of real estate agent compensation choice (Journal of Housing Research, Vol. 8, No. 2, 2009). Q
The role of commission rates and specialization in the determination of real estate agent income (Journal of Housing Research, Vol. 16, No. 1, 2007). Q
The impact of information technology on real estate licensee income (University of North Carolina, 2002).
U.S. real estate agent income and commercial/investment activities (Journal of Real Estate Research, May/June 2001). Q
Determinants of real estate licensee income (Journal of Real Estate Research, 1997). Q
Websites & Other Resources
Updated each year by the U.S. Bureau of Labor Statistics, the Real Estate Brokers & Agents section of the Occupational Outlook Handbook includes data on average earnings and wages of real estate licensees.
Salary.com's Salary Wizard features information on median expected annual income for real estate licensees, using survey data from human resources departments around the country.
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
The Complete Idiot's Guide to Managing Your Money (Overdrive Audiobook)
Make Money, Not Excuses: Wake Up, Take Charge, and Overcome Your Financial Fears Forever (Kindle, Adobe eReader)
Women & Money: Owning the Power to Control Your Destiny (Overdrive Audiobook)
7 Money Rules for Life: How to Take Control of Your Financial Future (Kindle, Adobe eReader)
The Road to Wealth: A Comprehensive Guide to Your Money (Adobe eReader)
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
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The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.