Since
its
inception
in
1908,
the


National
Association
of
Realtors
(NAR)
has
undergone
a
remarkable
transformation,
with
women
now
accounting
for
62%
of
its
membership,
according
to

data
for
the
trade
organization.

AceableAgent,
an
online
real
estate
school,

surveyed
more
than
600
female

real
estate
agents
near the
end
of
2023
to
understand
the
motivations
and
experiences
of
women
in
the
field.

“This
is
a
great
time
for
women
to
be
in
real
estate,”
Laura
Adams,
senior
real
estate
analyst
at
AceableAgent,
told
HousingWire.
“About
two-thirds
of
agents
are
women,
and
that
number
is
growing.
We
are
seeing
more
women
getting
into
the
field,
more
women
being
successful,
and
we
wanted
to
highlight
that
fact.”

In
establishing
their
majority
demographic,
female
respondents
identified
passion,
income
potential
and
flexibility
as
primary
drivers
behind
their
career
choices.
Additionally, 99%
of
the
respondents
reported
being
satisfied
with
their
work-life
balance.

Overall,
the
women
surveyed
expressed
great
satisfaction
with
their
jobs,
with
89%
reporting
feeling
fulfilled
in
their
real
estate
careers.
Meanwhile,
87%
reported
being
on
track
to
meet
their
future
financial
goals,
and
84%
agreed
that
real
estate
has
allowed
them
to
achieve
financial
goals
they
didn’t
think
were
possible
in
their
previous
careers.

Real
estate
can
be
a
launch
pad
for
women
to
improve
their
long-term
financial
prospects,
the
study
found.
While
some
women
are
using
their
real
estate
income
to
pay
the
bills,
34%
are
trying
to
pay
off
debt
—
especially

Generation
Z
respondents
who
grapple
with
high
housing
costs
and
student
loan
debt.
Meanwhile,
53%
of
respondents
said
they
were
looking
to
establish
passive
income
and
56%
wanted
to
become
financially
independent.

Because the
AceableAgent
survey
represents
43
of
the
50
states,
income
varied
widely
based
on
local
market
factors.
Overall,
65%
of
respondents
reported
earning
more
than
$55,000
per
year,
but
the
median
wage
for
agents
was
about
$77,500
in

California
and
about
$94,000
in

New
York
in
2022,
according
to

U.S. Bureau
of
Labor
Statistics

data.
The
median
real
estate
agent
revenue
sits
at
$60,000
per
year. 

The
flexible
nature
of
the
job
appeals
to
working
mothers,
the
survey
found,
with
61%
of
women
reporting
having
more
time
to
spend
with
family
and
62%
reporting
having
saved
money
on
child
care
expenses.

Of
those
surveyed,
74%
of
women
joined
the
real
estate
industry
after
having
kids,
which
can
be
difficult
in
other
industries. Education
in
real
estate
was
also
accessible
to
parents,
according
to
99%
of
the
respondents,
due
to
the
rise
of
online
courses.

Real
estate
is
often
a
coveted
path
for
career
changers.
In
fact, 
51%
of
respondents
reported
that
real
estate
was
not
their
first
career
path.
According
to
NAR
data,
many
female
Realtors
come
from
careers
in
management,
business
and
finance.

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