{"id":18534,"date":"2012-07-18T14:14:20","date_gmt":"2012-07-18T18:14:20","guid":{"rendered":"https:\/\/louisvillehomesblog.com\/?p=3745"},"modified":"2023-08-25T22:17:30","modified_gmt":"2023-08-25T22:17:30","slug":"louisville-real-estate-agents-down-22-since-housing-recession","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/louisville-real-estate-agents-down-22-since-housing-recession\/","title":{"rendered":"Louisville Real Estate Agents Down 22% Since Housing Recession"},"content":{"rendered":"\n

I learned the other day that a good friend was becoming a Realtor. Knowing what I know about the Louisville real estate market, I wondered to myself, “What in the world is she thinking?!”<\/p>\n\n\n\n

\"Photo
It’s only fitting that the GLAR headquarters resides in what looks like a home, rather than an office building.<\/figcaption><\/figure>\n\n\n\n\n\n\n\n

This brought me to the larger question: “How many Realtors have<\/em> left the business due to the housing recession?”<\/p>\n\n\n\n

To learn the answer I went straight to the source. Lisa Stephenson is the Executive Vice President at the Greater Louisville Association of Realtors (GLAR)<\/a> and she was kind enough to sit down with me and shed some light on where we stand today.<\/p>\n\n\n\n

First, it’s important to understand that one can be a licensed real estate agent and not be a Realtor. Realtors are held accountable to both the laws (regulations) of the industry and an additional Code of Ethics<\/a>.<\/p>\n\n\n\n

However according to Stephenson, “most (real estate) licensees in this market are Realtors.”<\/p>\n\n\n\n

Given that the barrier to entry to become a Realtor is rather low, compared to other occupations, I wondered if the approximately $1,500 required to pay all the licenses, fees, and required insurance would be enough to keep people from joining the workforce.<\/p>\n\n\n\n

“For the years I’ve been here the number of Realtors has closely matched sales,” replies Stephenson. “Even 15 years back we had about 3,300 members.”<\/p>\n\n\n\n

\"\"
Membership in the Greater Louisville Association of Realtors closely follows home sales numbers, reports Lisa Stephenson the Executive Vice President.<\/figcaption><\/figure>\n\n\n\n

The high point of membership was in 2007 when new Realtors were joining the industry at a record pace. That year, 14,748 properties were sold in Louisville, and GLAR membership ran up to 4,500!<\/p>\n\n\n\n

Just five years later, that number is 3,500, or a membership decline of about 22 percent.<\/strong><\/p>\n\n\n\n

I wanted to learn more about how many Realtors work part-time vs. full-time and what percentages held multiple jobs but that information is not currently captured.<\/p>\n\n\n\n

The National Association of Realtors (NAR) does publish survey data on similar topics<\/a>. Such as what kind of occupations current Realtors come from.<\/p>\n\n\n\n

\n

Most members begin their careers in other fields and bring a wide range of expertise and experience to the profession; only 5 percent report real estate as their first career. Previous full-time careers include management, business or financial, 18 percent; sales or retail, 15 percent; office or administrative support, 10 percent; and education, 7 percent. Twelve other categories were each 5 percent or less; 17 percent were \u201cother.\u201d<\/p>\n<\/blockquote>\n\n\n\n

When wondering about the breakdown by sex, this survey had the following result.<\/p>\n\n\n\n

\n

The typical NAR member has 11 years of experience and works 40 hours per week; 60 percent are women, who account for 55 percent of brokers and 66 percent of sales agents.<\/p>\n<\/blockquote>\n\n\n\n

Now that home sales are on the upswing, Stephenson expects GLAR membership to rise as well.<\/p>\n","protected":false},"excerpt":{"rendered":"

I learned the other day that a good friend was becoming a Realtor. Knowing what I know about the Louisville real estate market, I wondered to myself, “What in the world is she thinking?!”<\/p>\n","protected":false},"author":2,"featured_media":8032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[682],"tags":[1195,1164],"class_list":["post-18534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-statistics","tag-greater-louisville-association-of-realtors","tag-louisville-real-estate-agents","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=18534"}],"version-history":[{"count":2,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18534\/revisions"}],"predecessor-version":[{"id":20703,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18534\/revisions\/20703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/8032"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=18534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=18534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=18534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}