At Realtor Associations, Revenue Falls While CEO Pay Rises

Exclusive data from "Real Estate Broker's Insider" shows CEO pay rising at top Realtor associations, while revenues drop and members struggle.
By: Sharon F. Benigson, Real Estate Broker's Insider
 
Dec. 1, 2011 - PRLog -- In the aftermath of the housing crash, brokers everywhere have been forced to do more with less. At the nation's largest Realtor associations, however, CEO paychecks have risen despite falling revenues.

"Real Estate Broker's Insider" newsletter looked at tax returns filed by the 10 largest Realtor associations and found that while most saw revenue fall over the past three years, only three association CEOs took pay cuts.

The nation's 10 largest Realtor associations saw revenue fall to a combined $270 million in 2009, down 16 percent from $322 million in 2007. Yet CEO pay at the 10 organizations rose to a total of $5.7 million in 2009, up 13 percent from $5 million in 2007.

In one striking example, the nation's largest Realtor group, NAR saw revenue fall to $162 million in 2009 from $179 million in 2007, a decline of nearly 10 percent. Yet Chief Executive Dale Stinton's pay jumped 28 percent to $1.45 million, up from $1.1 million in 2007.

The disconnect between pay and performance comes as brokers are scrutinizing expenses. A small number of brokers have ended their affiliation with Realtor organizations because of membership dues, but nearly all brokers are looking hard at every line in their budget.

Details on the revenue and pay at the 10 largest Realtor associations appears in the December issue of "Real Estate Broker's Insider."

# # #

About Real Estate Broker’s 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.

Website: http://www.BrokersInsider.com
End
Source:Sharon F. Benigson, Real Estate Broker's Insider
Email:***@brokersinsider.com Email Verified
Zip:07005
Tags:Real Estate, Broker, Owner, Buyer, Seller, Realtor, Agent
Industry:Real Estate, Business, Services
Location:Boonton - New Jersey - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Alexander Communications Group, Inc. PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share