At Realtor Associations, CEO Pay Falls Slightly, but Revenue Drops More
For the third year in a row, industry survey finds a mismatch between CEO pay and revenue
(Boonton, NJ, October 15, 2013) — The nations nonprofit Realtor associations put the lid on ever-rising pay for top executives.
However, the 0.8 percent decline in pay was outpaced by a 4.1 percent drop in revenue.
Industry newsletter Real Estate Broker's Insider looked at tax returns filed by 25 large Realtor association and found that associations paid their top executives $10.6 million in 2011, down from $10.7 million in 2010. Revenue fell to $362 million from $378 million a year earlier.
The newsletters third annual pay survey finds a continued mismatch between CEO pay and revenue, although the gap is narrowing. In prior surveys, we found that association CEOs received raises even as the real estate marked tanked from 2007 to 2009.
To see analysis of revenue and compensation for 25 large Realtor associations go to www.BrokersInsider.com and click on Web Extras.
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