Economists' Outlook

Housing stats and analysis from NAR's research experts.

Recognizing REALTORS® on Labor Day

Looking at data from the 2019 Member Profile we recognize REALTORS® for their hard work and successes this Labor Day.

  • Sixty-eight percent of REALTORS® are licensed as sales agents, 20% as brokers, 14% as broker associates, and 2% as appraisers.
  • The majority of REALTORS® specialize in residential brokerage at 71%, with commercial brokerage making up 2%.
  • The typical member has been in the real estate industry for a median of eight years, and has been at their present firm for a median of four years.
  • Ninety-four percent of REALTORS® were certain that they will remain active as a real estate professional during the next two years.
  • In 2018, the typical member had a median of 11 transactions, and a median sales volume of $1.9 million.
  • REALTORS® worked a median of 35 hours per week in 2018, with 49% working 40 or more hours per week.
  • Only four percent of members cite real estate as their first career, prior full-time careers include:
    • Management/Business/Financial: 16%
    • Sales/Retail: 15%
    • Office/Admin support: 9%
    • Education: 7%
    • Healthcare: 6%
    • Homemaker: 4%
  • For 72% of REALTORS® real estate is their only occupation. This percentage increases with experience. Eighty-two percent of members with 16 years or more of experience cited real estate as their only occupation.

View the Labor Day infographic and find out more about REALTORS® in the 2019 Member Profile.


Comment Policy

The opinions expressed in reader comments sections on this website are those of the reader and not NAR or REALTOR® Magazine.

About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

Housing Minute

Housing Minute is a monthly video series highlighting the latest housing data from the National Association of REALTORS® in a minute or less.