Here is the harsh reality of our industry. There are over a million NAR members. Eighty to ninety percent of all new licensees leave after 1-3 years in business.
The average work week according to several studies conducted by NAR and a few other organizations for the average Realtor is 60 hours a week. That’s the average work week. And the average income is $32,300. So based on a 60 hour work week the average realtor makes around $12 an hour, which is just a bit slightly higher than the average assistant makes in our industry. And I don’t know what minimum wage is these days, but this has got to be pretty close to minimum wage.
Yes, It's the harsh reality, but yet the ones that do survive are the best and so are industry is getting better every year. Real Estate is a career and not a job though so you have to have staying power.
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