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The Cornerstone Group Louisville Real Estate Blog

What do you know about your Realtor

How well do you know your Realtor?  These statistics, compiled through member surveys of the National Association of Realtors, show the averages for those who participated.  As an involved member of Greater Louisville Association of Realtors (GLAR) and the Kentucky Association of Realtors (KAR), I thought these numbers were a little low.  

At Cornerstone Group Realtors we emphasize education, both continuing professional education and designations.  Our Realtors hold the following Designations: E-Pro, Accredited Buyer's Representative (ABR), Graduate of the Realtor Institute (GRI), Senior Real Estate Specialist (SRES),  and Eco-Broker as well as having spent many class hour learning to assist our clients with the issues of distressed properties.    

 

Hours worked by all REALTORS® (nationwide): 40 per week

Gross personal income by hours worked: $48,000 (median for 40-59 hrs.)

Percent of business generated by REALTOR® personal web site (all REALTORS®): 

  • Zero: 37%
  • Over 25%: 10%

Real estate experience of all REALTORS® (median): 10 years

REALTORS® by gender: Male 43%; Female 57%

Formal education of REALTORS®: 

  • Some college: 32%
  • Associate degree: 11%
  • Bachelor's degree: 29%
  • High school graduate: 9%
  • Graduate degree and above: 11%
  • Some graduate school: 8%

Sides per agent: For all REALTORS® in 2009, the typical brokerage specialist completed 7 transaction sides or commercial deals

Median tenure at present firm (all REALTORS®): 5 years

REALTOR® affiliation with firms: 

  • Independent contractor: 81%
  • Employee: 6%
  • Other: 13%

Source: 2010 National Association of REALTORS® Member Profile

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