The following excerpt was taken from a NAR’s email newsletter which shows the income difference between an agent with few to no designations versus an agent with designations. It is also an answer to a common question people ask Realtors all the time: How much does the average Realtor make?
In our society, it is sometimes frowned upon to ask someone flat out: How much do you make. Fortunately, njretoday does not conform to societial norms. Here’s the answer to your question that may have gone unanswered. If you are a new or newer agent and simply wanted to know where you rank among other agents in the business, check out the following excerpt sent to Realtors who receive the NAR email newsletter.
“In today’s challenging market, continuing your REALTOR education is the best way to invest in your real estate career. Based on the 2009 NAR Member Profile survey data, the median income of REALTORS with no designation was $28,400, and the median income of those with at least one designation was $55,700. The difference between the two is $27,300.Plus, pursuing an official NAR-endorsed designation program through NAR or one of its affiliates, REALTORS can improve your proficiency, skills and professional image.”
It’s a sales pitch no less but a critical point most if not all Realtors must comprehend. In fact, to survive this challenging market, one must focus on education and acquiring the skills necessary to deal with different types of sales. No one two sales are alike! And for this reason, you should look into which designations will help you be more productive in the upcoming years!
Focus on Short Sales and Foreclosure Resource or SFR; SRES for Seniors in real estate specialist, Green for the marketing of properties with GREEN features; ePro for Internet Proficency; ABR and GRI among many others.
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