Keeping up with Chicago's North Shore Real Estate Market!

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Wednesday, April 18, 2018

Questions answered about REALTORS.

Despite what people think, REALTOR® is not a job title.   The terms broker, real estate and REALTOR® are often used interchangeably.   However, in Illinois there are more individuals with real estate broker licenses, than there are REALTORs®.

A REALTOR® is simply a member of the National Association of Realtors. (NAR). Every year the NAR releases a membership report. Here are some statistics from that report:

There are 1.22 million members nationwide.

63% of all members are women.

The median age of members is 53 years old.

82% own their primary residence.

Median years of experience for members is 10 years.

4% of members are under 30.

30% of members are over 60.

In 2016, the typical agent had 12 transactions, which is up from 11 transactions in 2015.

The median gross income is $42,500.

More than half of the members, who have less than two years of experience, earn around 10K a year.

51% of member agents are affiliated with independent firms.

People often ask me, how many licensed agents there are in along the North Shore? 

I did a lookup in MRED - our local multiple listing service.   Based on office location, these were the results:
Evanston - more than 500
Wilmette - 50
Kenilworth - 2
Winnetka - more than 500
Northfield - 39
Glencoe - 93
Highland Park -278
Highwood - 4
Lake Forest - 267
Lake Bluff - 63


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