Realtor Association Revenue and Executive Compensation on the rise
Analysis looks at the 60 largest Realtor associations by revenue and 60 highest paid executive.
(Boonton, NJ, June 7, 2016) — The nation’s 60 largest Realtor organizations pulled in more than half a billion dollars in revenue in 2014, and they paid their CEOs more than $20 million.
That’s according to Real Estate Broker’s Insider analysis of tax returns filed by national, state, and regional associations. (Most organizations’ 2014 returns were made public this spring.)
The rising fortunes of Realtor associations underscore a paradox in the real estate industry. On the one hand, the housing market is recovering, and Realtors remain loyal to their local, state, and national associations. Member support is underscored by bustling attendance at Realtor conferences and generous contributions to political action committees.
On the other hand, brokers and agents complain constantly about profit pressures, relentless competition, and the cost of keeping pace with new technology — even as their dues support several layers of associations.
For instance, a Chicago agent who is a member of the local, state, and national associations would contribute to the $337,105 salary of the CEO of the Chicago Association of Realtors, plus the $1.4 million salary of the head of the Illinois Association of Realtors and the $1.6 million salary of NAR’s CEO.
A breakdown of the top associations by revenue and of executive compensation apear in the June issue of Real Estate Broker’s Insider.
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