June 18th, 2015 10:30 AM by Eileen Denhard
The decline in home sales last year resulted in a similar decline in REALTORS’® business activity and income, according to a recent report from NAR. The typical REALTOR® had 11 transactions in 2014, down from 12 in 2013, and their median gross income fell to $45,800 from $47,700 in 2013.
REALTORS® are increasingly comfortable using multiple communication platforms to stay in touch with clients: 93 percent prefer to use e-mail, followed by telephone (91 percent), and text messaging (85 percent), the report says.
Meanwhile, NAR membership is getting older. The median REALTOR® age rose to 57 last year from 56 in 2013, and is up from the age range recorded from 1999 – 2008 (51 to 52). Just 2 percent of all REALTORS® are under 30, 18 percent are between 30 and 44, and 25 percent are 65 or older.