Lawrence Yun

Maybe they will eventually thrive or maybe they will struggle. The median income is around $45,000, but there's a huge distribution. About one-third make less than $20,000, and then you have about 20% make six figures. The entrepreneurs who are coming into the industry say, well, I believe that I have this entrepreneurial skill set, and they give it a try. I mean, one has to admire that.

Maybe they will eventually thrive or maybe they will struggle. The median income is around $45,000, but there's a huge distribution. About one-third make less than $20,000, and then you have about 20% make six figures. The entrepreneurs who are coming into the industry say, well, I believe that I have this entrepreneurial skill set, and they give it a try. I mean, one has to admire that.

Maybe they will eventually thrive or maybe they will struggle. The median income is around $45,000, but there's a huge distribution. About one-third make less than $20,000, and then you have about 20% make six figures. The entrepreneurs who are coming into the industry say, well, I believe that I have this entrepreneurial skill set, and they give it a try. I mean, one has to admire that.

Of course, not everyone will succeed because of the competitive nature of the marketplace. Tell me a bit about the demographic makeup of your membership. About two-thirds women, one-third men, and the median age is around 55. Their income level is not comparable to what other profession would possibly offer and stability.

Of course, not everyone will succeed because of the competitive nature of the marketplace. Tell me a bit about the demographic makeup of your membership. About two-thirds women, one-third men, and the median age is around 55. Their income level is not comparable to what other profession would possibly offer and stability.

Of course, not everyone will succeed because of the competitive nature of the marketplace. Tell me a bit about the demographic makeup of your membership. About two-thirds women, one-third men, and the median age is around 55. Their income level is not comparable to what other profession would possibly offer and stability.

Yet, I think the joy of seeing that first-time buyer get that home, and then for most homeowners, they become friends. Being part of the community, I think there's some certain intangible satisfaction that comes from working in real estate.

Yet, I think the joy of seeing that first-time buyer get that home, and then for most homeowners, they become friends. Being part of the community, I think there's some certain intangible satisfaction that comes from working in real estate.

Yet, I think the joy of seeing that first-time buyer get that home, and then for most homeowners, they become friends. Being part of the community, I think there's some certain intangible satisfaction that comes from working in real estate.

This is a voluntary choice as people are trying it out. Sometimes it could be for supplemental income for the household. We don't know.

This is a voluntary choice as people are trying it out. Sometimes it could be for supplemental income for the household. We don't know.

This is a voluntary choice as people are trying it out. Sometimes it could be for supplemental income for the household. We don't know.

One interesting part is that we have seen two years of very difficult business opportunity, yet the membership number has barely budged, which is implying that even with the income level being what it is, some people may be saying, look, I saw another realtor get that six-figure income. Maybe I can be that.

One interesting part is that we have seen two years of very difficult business opportunity, yet the membership number has barely budged, which is implying that even with the income level being what it is, some people may be saying, look, I saw another realtor get that six-figure income. Maybe I can be that.

One interesting part is that we have seen two years of very difficult business opportunity, yet the membership number has barely budged, which is implying that even with the income level being what it is, some people may be saying, look, I saw another realtor get that six-figure income. Maybe I can be that.

It's very welcoming that many other countries, especially developing country, they come to NAR to say, how do you work? We want to have more orderly system. We don't want the total chaos in the marketplace. We don't want people getting ripped off. How does the multiple listing service work? What is your ethics rules?

It's very welcoming that many other countries, especially developing country, they come to NAR to say, how do you work? We want to have more orderly system. We don't want the total chaos in the marketplace. We don't want people getting ripped off. How does the multiple listing service work? What is your ethics rules?

It's very welcoming that many other countries, especially developing country, they come to NAR to say, how do you work? We want to have more orderly system. We don't want the total chaos in the marketplace. We don't want people getting ripped off. How does the multiple listing service work? What is your ethics rules?

So we are happy to share all this with other countries who wants to know how the United States system works.

So we are happy to share all this with other countries who wants to know how the United States system works.