How Much Do Agents ACTUALLY Make? | The Real Word 281

Jul 18, 2023

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Byron Lazine and Nicole White discuss the NAR 2023 Member Profile, highlighting inventory concerns, Realtor confidence, average incomes based on education level, the worst reason to switch brokerages, and what it takes to become a top performer (and top earner). BAMx – Become a better agent: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! Sign up for tomorrow’s BAM webinar on YouTube Strategy for Real Estate Agents with Tom Storey and The Broke Agent: https://us02web.zoom.us/webinar/register/WN_02VupyqyT3e-QOLs5ezGUQ#/registration Join us in August at the TF Success Summit!! Use promo code PRBAMSS for $100 OFF!! https://www.tomferry.com/ssb Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Connect with Byron: Website: https://byronlazine.com Instagram: https://www.instagram.com/byronlazine Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's source: https://nowbam.com/rising-sales-volume-repeat-clients-referrals-takeaways-from-nars-2023-member-profile/ Timestamps: 00:00–00:33 Intro 00:33 NAR’s 2023 Member Profile 01:29 Listing agents are struggling for business / 90% of mortgages under 6% 02:05 76% of Realtors are confident they’ll be staying at least two more years 03:18 Realtors are struggling even though income is up. 04:42 Decline in income for agents with 16 years of experience 06:33 Forbes article: median salary by education level 11:04 Different ways to look at the income levels 16:04 Splits are the worst reason to switch teams/brokerages 17:53 Big takeaways from the NAR 2023 Member Profile 19:30 What it takes to be a top performer 20:34 The potential (for six figure income) is there, but it requires sacrifice 21:45 The Over Ask Podcast 22:31 Interested in podcasting? Sign up for tomorrow’s YouTube webinar at 3 pm ET! #realestatesales #realestatesalary #realestateagents