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.