Realtor Income Increases 24.6 Percent in 2012

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Posted To: MND NewsWire

Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of Realtors® (NAR) said today. The median gross income of a Realtor was $43,500 last year compared to $34,900 in 2011 (+24.6 percent) . Paul Bishop, NAR vice president of Research said the median income fell by 35 percent over the course of the housing downturn, "but with the help of sustained increases in both home sales and prices, it's recovered to the highest level since 2006." NAR President Gary Thomas said the real estate business is cyclical . "Realtors have some way to go to surpass the peak income recorded back in 2002 . Interestingly, the peak wasn't during the bubble years because there were way too many people in the business," he...(read more)

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Source: http://www.mortgagenewsdaily.com/05132013_realtors_profile.asp

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