An Update on REALTOR® Demographics

The National Association of REALTORS® evaluated their membership demographics and compared certain aspects from 2017 to 2018 and found some interesting changes. In that one year, there was a 4% increase in the number of female REALTORS® and a 5% increase in net income for REALTORS® overall. REALTORS® continue to see an overall growth in diversity of membership as a growing number of minorities and women are entering the profession. Since 2001, there has been a 20% increase in females and a 120% increase in minorities. The infographic below shows recent findings of who makes up their membership.

NAR also conducted a survey in March of this year regarding the business practices and affiliation of members, finding that 68% percent of REALTORS® were licensed sales agents, 20% held broker licenses and 14% held broker associate licenses. They also found that 51% of REALTORS® reported having a website for five or more years and that 58% are currently active on LinkedIn for professional uses, such as networking. This is very positive to see, as being active online and on social media in a professional capacity is important as a professional today. On the property management side of NAR membership, this survey found that the average property manager managed 47 properties in 2018, a 34% increase from 2017. The National Association of REALTORS® is the largest trade association in the United States, representing more than 1.3 million members involved in every aspect of the residential and commercial real estate industries. Seeing the continuous positive growth of women and minorities in the industry, as well as strong professional business practices in the NAR membership, we are excited for the continued growth of the National Association of REALTORS®.

NAR also released it’s first-ever profile of Lesbian, Gay and Bisexual home buyers and sellers in honor of June being national LGBTQ Pride Month. The data used for the report is a collection of data using responses from the 2015 to 2018 NAR Profile of Home Buyer and Sellers, receiving a total of 22,521 replies. The infographic below highlights the findings of these responses. This report found that all groups analyzed were most likely to purchase real state because of a desire to own their own home. As President of NAR John Smaby said in response, “The American Dream of homeownership traverses across the spectrum of our society — including sexual orientation — and REALTORS® always have and will continue to advocate so that anyone who wants to, and is capable of purchasing a home, is able to do so. REALTORS® have always embraced the significance of the protections secured by the Fair Housing Act, and have encouraged efforts to extend them by amending our Code of Ethics in 2009 to prohibit discriminations based on sexual orientation and gender identity.” SAR is dedicated to following those efforts locally, as everyone deserves the opportunity to own a home and REALTORS® want to help.

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