Here’s how much resi agents are really making in the US

The supply shortage continues to be a constraint

TRD NATIONAL /
Aug.August 16, 2018 10:00 AM

A person putting change into a piggy bank (Credit: iStock)

Even with soaring home prices, agents across America are making less money.

Amid rising prices and a housing supply shortage, agents and brokers made fewer deals and took home less money, according to a National Association of Realtors survey published by Inman. Median gross income for agents, according to NAR, fell 6 percent to $39,800 last year.

Meanwhile, median brokerage sales volume dipped to $1.8 million from $1.9 million in 2016, despite record-high home prices, the report said.

“Limited inventory continues to plague many housing markets in the United States. For the fifth year in a row, the difficulty finding the right property has surpassed the difficulty in obtaining mortgage financing as the most cited reason limiting potential clients,” Inman said, citing NAR’s report.

But the numbers varied by job type, experience and working hours. Most Realtors were sales agents specializing in residential brokerage. Median gross income for sales agents fell 12.8 percent to $29,440 in 2017.

Of those included in the report, 35 percent were compensated under a fixed commission split, under 100 percent. A quarter of agents had a graduated commission split, which increases with productivity — and 14 percent had a capped commission split, which rises to 100 percent after a predetermined threshold, the report said. [Inman] — Meenal Vamburkar


Related Articles

arrow_forward_ios
(Photo courtesy of Winkworth)

London’s so-called skinniest home hits the market

London’s so-called skinniest home hits the market
(iStock)

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Housing and Urban Development secretary Ben Carson (Getty; iStock)

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
The Real Deal's Amir Korangy, Fredrik Eklund and Louise Sunshine

Louise Sunshine and Fredrik Eklund hold court on selling luxury

Louise Sunshine and Fredrik Eklund hold court on selling luxury
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
Sales of existing homes in the U.S. hit a 14-year high last month, according to a new report. (iStock)

US home sales hit 14-year high

US home sales hit 14-year high
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...