Realtors saw their incomes jump and also ratcheted up their spending on technology as their optimism increased in 2012, according to the 2013 member survey from the National Association of Realtors.
With a median income of $43,500 on a median of 12 transactions in 2012, Realtors made about 25 percent more than they did in 2011, according to a 72-question survey of 4,883 Realtors sent out in January.
Despite the $8,600 increase in gross income, Realtors’ take-home pay after taxes and expenses was just $4,200 more than it was in 2011. That still beats 2011, when Realtors saw net income decrease $1,400 from 2010.
Realtors are also showing growing optimism about the profession. Eighty percent of respondents indicated that they’re “very certain” they’ll be a real estate professional for the next two years. In 2011, 76 percent had the same take, up from 73 percent in 2010.
Though they made more money in 2012, Realtors also spent more — a median of $4,900 in the year — to operate their businesses, respondents said. That’s up from $4,520 in expenses respondents reported in 2011 and $4,270 in 2010.
Source: Inman News