Before the Pandemic, Real Estate Commissions Were on the Rise
Real estate professionals earned a higher income in 2019 while the housing market was benefiting under a thriving economy and low unemployment.
Overall, the median gross income of REALTORS® in 2019 was $49,700, up from $41,800 in 2018. Those who’ve worked longest in the business tended to fare the best. REALTORS® with 16 years or more experience earned nearly double, with a median gross income of $86,500, up from $71,000 in 2018. Those with two years or less experience, on the other hand, earned a median gross income of $8,900, a slight decrease from $9,300 a year prior, shows the newly released 2020 Member Profile, a snapshot of REALTORS® based on responses from nearly 12,500 REALTORS®. The survey is conducted annually by the National Association of REALTORS®. The 2019 survey was conducted prior to the COVID-19 pandemic.