FAR 2007 Member Profile looks at the ‘typical’ Florida Realtor

ORLANDO, Fla. – May 23, 2007 – If you’re a Florida Realtor reading this news story, there’s a 59 percent chance you’re female, a membership segment that has increased 6 percent since 2005, according to the Florida Association of Realtors’® (FAR) 2007 Member Profile. Another finding: Even with the current market slowdown, a higher percentage of members (90 percent) are “very certain” they’ll remain active for at least two years – 3 percent higher than during 2005’s hot real estate sales market.

Other items of note:

• In Florida, 68 percent of Realtors hold a sales agent license, and 21 percent hold a broker license.
• The typical Realtor (72 percent) considers residential her primary specialty, has been in the business for eight years and has a home office (73 percent).
• 68 percent of Realtors have a Web site for business purposes, a marked increase since 2005 when only 43 percent maintained their own Web site. In addition, 8 percent currently have a blog and 6 percent plan to start a blog in the future.
• 15 percent have a 100 percent commission compensation split with their firm, unchanged since 2005. But 72 percent have a percentage commission split, up from 70 percent in 2005.
• Median gross personal income, overall, fell over the past two years. In 2007, income from all real estate activities was $47,400 compared to $53,309 in 2005.

The 2007 Member Survey, conducted by NAR researchers, looks at many characteristics of Florida Realtors, including business activity; income and expenses; office and firm affiliation; and demographic characteristics.

To view the entire study, downloadable in PDF format, go to floridarealtors.org and click on “FAR Market Research” under Quick Links.

© 2007 FLORIDA ASSOCIATION OF REALTORS®

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