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IS THE AVERAGE REAL ESTATE LICENSEE ABLE TO MAKE A LIVING INCOME TODAY??
IS THE AVERAGE REAL ESTATE LICENSEE ABLE TO MAKE A LIVING INCOME TODAY??
A review of the NAR statistics on AGENT and BROKER earnings for 2010, it would appear that agents and brokers need other forms of income to maintain a standard of living to which are accustomed. 
For agents who entered the real estate business between the years 2004 and 2007, they have had a rude awakening.  While our business has always had it's ups and downs in terms of agent income, the loss of about 20% of the NAR membership is not matched by a 20% increase in income for present members.   
The NAR reports that the typical NAR member had 8 transaction sides in 2010-this is up from 7 sides in 2009. For the average market today with a sales price of $200,000, this number represents an annual income of about $24,000.  
The NAR reports that Brokers and broker associates typically had 10 transactions, while sales agents typically had 7. That would represent an annual income of about $30,000 for brokers and broker associates.  Not sufficient if the broker is also a broker/owner.  Of course, this number may represent "net income to the broker".  The question is, "what is the overhead"? 
The NAR reports that 51 percent of members ... more

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