RE/MAX agents had nearly twice as much experience as the typical Realtor® in 2021 - an advantage that has widened in recent years.
The 2022 National Association of Realtors Member Profile shows that median years of experience for NAR members remained at 8 years for the second year in a row after being as high as 12 in 2012. RE/MAX data shows that the median years of experience for U.S. RE/MAX agents - all of whom are Realtors – was 15 last year. This is a new high for the RE/MAX median which has been 13 for six of the last nine years after dipping to 12 in 2018 and reaching 14 in 2019.
The influx of hundreds of thousands of newly licensed agents in recent years has dragged down the experience level of U.S. Realtors by one-third. The RE/MAX experience level has dipped only once since 2012 – from 13 to 12 in 2018.
NAR's membership reached a record high of 1.6 million in 2021 which was 6.5% over 2020 - the highest growth rate since 2006. The membership survey is based on 9,220 responses. RE/MAX stats are calculated using data from all full-year U.S. agents.
"One year or less” higher for NAR than RE/MAX
Last year, 18% of Realtors were in the “one year or less” experience category, compared to 8% for RE/MAX. Four years ago, by comparison, NAR was at 22% while RE/MAX was at 8%.
The median age of all Realtors rose from 54 in 2020 to 56 last year. For RE/MAX, the median age remained flat at 53.
In light of the data NAR is reporting, it’s clear that new licensees remain an important part of the industry's recruiting mix. Last year, new licensees made up 36% of the agents who joined RE/MAX – significantly higher than 30% in 2020 and 25% in 2019. But the fact that RE/MAX has also been able to maintain a high level of experience – while NAR’s median years of experience has dropped significantly – shows that RE/MAX Broker/Owners are being prudent about the number of new licensees they add. It’s an important balance that fuels growth while maintaining the RE/MAX edge in experience.