Is there an age limit in real estate?

Reblogger Lenn Harley
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

WELL DONE!

 

That said, I suspect that when selling real estate is viewed as being in a business, the age factor ceases to be important.

Sure, we are older on average than folks in many fields, but we aren't exactly employed either.

Now the question becomes,

WHAT is the average age of small business owners in the U.S.?????

 

_____________________________________________________________

Original content by Gayle Rich-Boxman Fishhawk Lake Real Estate 700512026

Is there an age limit in real estate?

Heck, no!!

 

How many careers can say that? You certainly can't be a professional athlete and not have a pretty young "due date". How about those who're part of a national or international company and in upper management? Everyone is clamoring for your job, like the younger, more willing-to-travel and unencumbered young exec who's vying for your position, breathing down your neck.

My mother-in-law was fully functional as a Florida realtor well into her late 60s, til her bad health got the best of her. Otherwise, she'd STILL be doing it! My sister's next-door-neighbor is a valued local realtor in her early 70s! Love it!!! 

I googled the question "What is the average age of a real estate agent?" This is what I found.

                                             57 years old
 
While buyers are getting younger, agents are not. Only six-percent are under the age of 34. "The average age of a realtor is 57 years old. The average age of an American worker is 41 years old.Jul 12, 2013
 
I happen to have started my real estate career at the tender age of 50, and I'm nigh on 60 now and GOING STRONG. 
In a random survey done by NAR (National Association of REALTORS®) , here are some other facts they found to be pertinent (as of June 2015):

Highlights from the 2015 NAR Member Profile:

  • Fifty-eight percent of REALTORS® were licensed as sales agents, and 80 percent of members specialize in residential brokerage.
  • The typical REALTOR® has 12 years of experience.
  • Sixty-five percent of REALTORS® reported having a website for at least five years, 12 percent reported having a real estate blog, and 65 percent of members are using social media.
  • The typical REALTOR® earned 20 percent of their business from repeat clients and customers and 20 percent through referrals from past clients and customers.
  • Fifty-eight percent of all REALTORS® are female.
  • A substantial majority of REALTORS®—85 percent—own their primary residence.
  • Eighty-four percent of REALTORS® are certain they will remain in the business for two more years.

Another quick set of statistics (updated July 2015 from NAR "Field Guide to Quick Estate Statistics") 

  • The typical REALTOR® is a 57 year old white female homeowner with some college education.
  • 58% of all REALTORS® are female, and the median age of all REALTORS® is 57.

We older-type babes are ROCKIN' it in real estate!!!! 

 

 

For a look at my Fishhawk Lake Real Estate WEBSITE, 

Click here: Fishhawk Lake Real Estate

For a look at what fun you can have at Fishhawk Lake, click on the link below! 

 

http://www.youtube.com/watch?v=-N20w1bP2UA&feature=youtube_gdata

 Fishhawk Lake canoe trip-Gayle Rich-Boxman 2012 copyrighted All Rights Reserved

Gayle Rich-Boxman
Broker,Vernonia Realty
Specializing in
Fishhawk Lake Recreation Club
"Your Gateway to the Lake!"
Direct: (503)755-2905
My website: http://www.lakehomesatfishhawk.com/
My blog: http://fishhawklakerealtor.wordpress.com/

 

                         

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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
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The average age in my office is older than average. LOL  

Sep 28, 2015 05:08 AM #5
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Lenn, I saw a post here a month or so ago about raising the bar in real estate. One of the comments suggested that no one over 50 should be selling real estate. 

HUMBUG! It got my dander up. 

And that is all I have to say on that foolishness!

Google says the average age for small business owners in the US is 50.3. Average head of household is 51.7. 

Sep 28, 2015 05:19 AM #6
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George Souto
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Lenn I don't know about the average age of small business owners, but the average of Loan Originators is about 54 right now which is down from 58 just a couple of years ago.  We have a ways to go, but at least we are moving in a younger direction.

Sep 28, 2015 06:03 AM #7
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Sharon Tara
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What a great post. I will head over and comment!  Love the collage with all those beautiful faces!

Sep 28, 2015 06:10 AM #8
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Because of issues in my life I see mayself in this Profession as part of my retirement.

Sep 28, 2015 12:51 PM #9
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Jon Zolsky, Daytona Beach, FL
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Lenn - Love this averages. Hmm, not female, more than 57 years old... what am I doing here?

:)

Sep 28, 2015 01:09 PM #10
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Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Lenn.  Great reblog.  There are not many young people coming into this crazy business.

Sep 28, 2015 08:43 PM #11
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Lenn Harley
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Conrad.  I agree.  Of course, young people like to travel in covies, like quail.  Real estate is, IMO, a rather singular practice.  I know there are groups, but they are few.

Jon.  Easy.  You're enjoying our company.  Smart guy.

Sep 29, 2015 12:57 AM #12
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
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Lenn, loved reading these comments on yours. Thanks a BUNCH for re-blogging and I did enjoy your quetion about small buisness owners and thanks goes to Andrea Swiedler too for finding the answer. 

Sep 29, 2015 02:26 AM #13
Rainer
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DEANNA EARLY - - ( NMLS # 268590 )
American National Bank & Trust - Smith Mountain Lake, VA
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Hello Lenn,

   Isn't it great we are both ABOVE AVERAGE !

Sep 29, 2015 08:44 AM #14
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Grant Schneider
Performance Development Strategies - Armonk, NY
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Lenn - why not.  Real Estate advice and consultation comes from total life experience.  I see an awesome group of trusted advisers  in the picture.  By the way, Milliennials crav advice and mentoring!

Oct 01, 2015 01:29 AM #15
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Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Waaaaiiiit a minute here! 

What about we older babes in home inspections?

Look at that cutie!

Babe I tell you - hot babe.

Oct 01, 2015 06:26 AM #16
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Gayle.  Shows the value of this network.

Deanna.  Is that a question??

Grant.  I agree that they crave our help but don't always admit it.

Jay.  I believe that most Realtors ARE older babes.

Oct 01, 2015 09:55 PM #17
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Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Lenn Harley,

Excellent question to pose and so glad Andrea Swiedler researched and found the answer! Considering we are small business owners I'm thrilled to be above average in both categories!

Oct 01, 2015 10:16 PM #18
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Lenn Harley
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Dorie.  Same here.  I suspect that one reason the average age is what it is is due to the costs of entering this business.  Without significant savings, spousal income is usually critical.

Oct 02, 2015 10:26 PM #19
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Patricia Kennedy
RLAH Real Estate - Washington, DC
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Lenn, I LOVE this post!  There are some wonderful young agents in this business, but there are even more amazing grownups.  Like us!

Oct 05, 2015 10:49 AM #20
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
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That's quite a stellar group there! To be included in it, an honor Lenn Harley ... for you and all included.  The collective talent, knowledge, and experience represented is amazing ...

Gene 

Oct 06, 2015 10:39 AM #21
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Lenn Harley
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Pat.  Agreed.  Three years are required as an agent before one can eregister for the broker exam.  For good reason.

Gene.  Indeed.  Probably more than any professional group in the country. 

Oct 06, 2015 11:39 PM #22
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Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
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Lenn, I love selling real estate and at age 58 I am not getting any younger but have no plans to completely quit. I may cut back some.

Oct 08, 2015 06:36 AM #23
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
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Mike.  You have a long way to go.  I'll be 80 in December and work every day.

Oct 11, 2015 02:27 AM #24
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