Who’s Making What
CEO pay declines at many of the nations largest Realtor associations.
(Boonton, NJ, June 9, 2015) — The nation’s largest Realtor associations enjoyed continued recovery in 2013, a year when revenue rose 3.6 percent to $464 million.
While the nation’s 40 largest Realtor associations saw revenue growth, they paid their CEOs less. CEO pay fell 5.8 percent in 2013.
In its most extensive annual survey yet, Real Estate Broker’s Insider looked at tax returns filed by 40 large Realtor associations and found that they paid their top executives a combined $14 million in 2013, down from $14.8 million in 2012. Financial statements for 2014 won’t be available until next year.
"To calculate compensation, we counted not just salary and bonus but also retirement benefits and perks reported on the associations’ tax returns," says Editor Jeff Ostrowski.
In some cases, the tax returns divulge eyebrow-raising details. At the Illinois Association of Realtors, for instance, Chief Executive Gary Clayton took a big pay cut in 2013. But his son and three daughters-in-law collected $156,396 in W-2 compensation from the organization,
To see how your state’s CEO faired, see the Real Estate Broker’s Insider interactive graphic.
About Real Estate Brokers Insider
Real Estate Broker's Insider provides residential real estate agency broker/owners with actionable news and information on managing their businesses for greater profitability.