The annual National Association of Realtors survey has been released and maybe we can hope that the news will get some folks out of the industry so the level of professionalism increases and the income potential improves. Interestingly, in the survey 27% of the respondents indicated a significant amount of doubt that they will stay in the business another two years.
Frankly, why would they choose to stay in an industry where the average Realtor earns $36,700 and the average age is somewhere north of mid-century? The average income in a Realtor's first two years is a whooping $8,600 and the most experienced agents, in excess of 16 years experience, are averaging earnings of $53,900.
Then there is this statement from NAR's managing director for real estate research. "Almost all of our members have secondary business specialties and are diversified in their income streams........some are involved in related businesses." This is also why finding full-time Realtors is a difficult pursuit and why the level of professionalism suffers.
While I am a Realtor, and probably will receive criticism for voicing the obvious regarding levels of skill in the market; I offer the above as an explanation. An explanation as to why you find technology taking over in real estate and the personal touch harder to come by. Why there are specialists, whose income far exceed these averages, who create substantial companies providing a unique service. Why if your loved one tells you they want to get into real estate you better stick this post in front of their noses and beg them to become a technologically proficient specialist and expert.
Otherwise, you probably want to learn how the food stamp system works.
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