Real Estate License School Statistics 2024 – Everything You Need to Know

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Are you looking to add Real Estate License School to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Real Estate License School statistics of 2024.

My team and I scanned the entire web and collected all the most useful Real Estate License School stats on this page. You don’t need to check any other resource on the web for any Real Estate License School statistics. All are here only šŸ™‚

How much of an impact will Real Estate License School have on your day-to-day? or the day-to-day of your business? Should you invest in Real Estate License School? We will answer all your Real Estate License School related questions here.

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Best Real Estate License School Statistics

ā˜° Use “CTRL+F” to quickly find statistics. There are total 140 Real Estate License School Statistics on this page šŸ™‚

Real Estate License School Market Statistics

  • Nearly 80% of active listing agents use drone photography and videography to market their listings. [0]
  • Homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without. [0]
  • Recent sellers reported only 10% of their agents effectively used video to market their property. [0]
  • 66% of marketers see increased leads from social media by spending just 6 hours a week on social marketing. [1]
  • Since before the 2008 housing market crisis, the percentage of Americans renting their home increased by 13%. [1]
  • The housing market is shaped by many factors, including the increasing percentage of millennial homebuyers and renters and the COVID. [1]

Real Estate License School Latest Statistics

  • 5.64 millionexisting homeswere sold in 2020, according to data from the National Association of REALTORSĀ®. [2]
  • 822,000newly constructedhomes were sold in 2020, according to the U.S. Census Bureau. [2]
  • There are approximately 119.7 million occupied housing units in the United States, according to the2018 American Community Survey. [2]
  • According to the2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. [2]
  • In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’sSurvey of Consumer Finances. [2]
  • Monthly Membership Report and NAR Membership Statistics, 1908 present 68% percent of REALTORSĀ® are licensed as sales agents, 20% hold broker licenses, and 13% hold broker associate licenses. [2]
  • 65% of all REALTORSĀ® are female, and the median age of all REALTORSĀ® is 52. [2]
  • 29%Bachelor’s degree 32%Graduate degree and above. [2]
  • 13%Associate degree 13%Some graduate school 6%High. [2]
  • Ā® affiliation with firmsIndependent contractor 88%Employee. [2]
  • Ā® most often prefer to communicate with their clients through text messaging, at 93%. [2]
  • Ninety percent preferred to communicate via telephone, and 89% through e. [2]
  • 70% of broker/broker associates and 69% of sales agents have a website. [2]
  • 81% of members have their own listings on their website, 69% have information about buying and selling, and 66% have a link to their firm’s website. [2]
  • 74% of REALTORSĀ® use Facebook and 56% use LinkedIn for professional purposes. [2]
  • 20% of all members get 15% of their business from social media, and 10% get 6. [2]
  • Of the members that use drones in their real estate business of office, 36% hire a professional, 14% have someone in their office that uses drones, and 6% personally use drones. [2]
  • 34%Median age of firsttime buyers 33Median age of repeat buyers 56Median household income of first time buyers $86,500Median household income of repeat buyers $112,500. [2]
  • Among those who financed their home purchase, buyers typically financed 87% of the home price. [2]
  • 87% of buyers purchased their home through a real estate agent or brokerā€”a share that has steadily increased from 69% in 2001. [2]
  • Buyers who would use their agent again or recommend their agent to others 75%. [2]
  • Internet 51%Real estate agent 28%Yard sign/open house sign 4%Friend, relative, or neighbor 6%Home builder or their agent. [2]
  • from sellers/Knew the sellers 3%Print newspaper advertisement 1% Source 2021 National Association of REALTORSĀ® Profile of Home Buyers and Sellers. [2]
  • 90% of sellers were assisted by a real estate agent when selling their home. [2]
  • Recent sellers typically sold their homes for 100% of the listing price, and 35% reported reducing the asking price at least once. [2]
  • 68% of sellers who used a real estate agent found their agents through a referral by friends or family, and 53% used the agent they previously worked with to buy or sell a home. [2]
  • Sellers who definitely would use same agent again 90% Source 2021 National Association of REALTORSĀ® Profile of Home Buyers and Sellers. [2]
  • FSBOs accounted for 7% of home sales in 2020. [2]
  • 34%Yard sign 26%Friends, relatives, or neighbors. [2]
  • 18%Social networking websites. [2]
  • Tours 3%Forsaleby owner websites 2%Print newspaper advertisement. [2]
  • The status of a provider is determined by calculating 80% of the current OPR and comparing that to the pass rate for a provider. [3]
  • For example, if the OPR for all providers is 60%, the minimum pass rate for any education provider to remain in good standing is 48%. [3]
  • In other words, 80% of the OPR equals the minimum pass rate. [3]
  • 80% = 48% Minimum Pass Rate). [3]
  • Broker Exams Passed Broker Pass Rate Overall Provider Statistics 0.00%. [3]
  • Exams Passed Pass Rate Description of Rankings First time pass rate of at least 80% of the OPR for that license category. [3]
  • First time pass rate at 50% or greater, but lower than 80% of the OPR for that license type. [3]
  • First time pass rate below 50% of the OPR for that license type. [3]
  • Below are the cumulative passing percentages, by license type, for 2021 through the end of October 2021 for the Florida real estate exam. [4]
  • In the chart below, weā€™ve broken down the passing percentages by license type and by month for 2021. [4]
  • Returns may be made for a 100 percent credit if made within 30 days of purchase. [5]
  • There will be a 15 percent restocking fee on returns made after 30 days but before 60 days from the date of purchase. [5]
  • In 2021, 20% of home buyers were single women, whereas less than 10% were single men. [0]
  • More than 40% of active Realtors in the United States are located in California, Florida, Texas, and Arizona. [0]
  • Nearly 2% of the adult population in Florida has an active real estate license. [0]
  • The number of active Realtors in Arizona has grown by nearly 10% from 2020 to 2021.There are currently more than 3 million active real estate licensees in the United States. [0]
  • More than 65% of active Realtors are women. [0]
  • 45% of Realtors have completed a bachelorā€™s or graduate degree. [0]
  • 20% of Realtors have had their license for a year or less. [0]
  • 82% of licensed Realtors own their primary residence. [0]
  • 37% of licensed Realtors own at least one secondary property. [0]
  • 68% of all real estate licenses in the United States are held by agents, the rest are held by brokers and associate brokers. [0]
  • 92% of homes sold in the U.S.in 2021 were sold using an agent or a broker. [0]
  • The average listing price for a home in the United States has risen more than 32% since March 2020 to $374,900 as of June 2021. [0]
  • The median sales price for a home in the United States in 2021 has increased by 416% since 1980. [0]
  • Interest rates have literally never been lower than in 2021ā€”at one point hovering around 2.68%. [0]
  • The number of homes sold in 2021 was up by nearly 10% over 2020 to 6.29 million as of September 2021. [0]
  • Realtors typically make more than 95% of their annual income from real estate commissions. [0]
  • 71% of Realtors specialize in residential real estate. [0]
  • Realtors earning $100,000 or more in gross commission income are more than twice as likely to use advanced technology tools like a CRM than agents who earn less. [0]
  • 74% of Realtors use Facebook for business purposes. [0]
  • 56% of Realtors use LinkedIn for business purposes More than 30% of Realtors report closing at least one transaction a year as a direct result of their use of social media. [0]
  • 60% of agentssurveyed by The Closelist active social media as more important than a website. [0]
  • 73% of homeowners say theyā€™re more likely to list with a Realtor who uses video to sell property. [0]
  • 78% of real estate professionalssurveyed by The Closesay that video is important to making agents stand out on social media. [0]
  • In 2021, 68% of home sellers reported finding their agent via a referral from friends or family. [0]
  • In 2021, the typical Realtor earned 34% of their commission income via repeat clients and referrals. [0]
  • 70% of licensed real estate professionals have a website. [0]
  • 69% of recent home sellers surveyed said that they would gladly write a review for their sales agent, if requested. [0]
  • Less than 1% of homebuyers reported finding their new home via print advertising. [0]
  • 32% of all real estate licenses in the United States are held by brokers or associate brokers. [0]
  • 45% of brokers report that ā€œkeeping up with technologyā€ is the biggest challenge their agents face. [0]
  • The typical FSBO home sold for 17% less than a home listed with a Realtor. [0]
  • The typical home seller will cash out 30% of their purchase price in proceeds from a sale in 2021. [0]
  • More than 20% of homebuyers in 2021 were single females. [0]
  • Less than 10% of homebuyers in 2021 were single men. [0]
  • 34% of home purchases in 2021 were made by first. [0]
  • 11% of homebuyers in 2021 purchased multigenerational homes due to children above the age of 18 moving back home, for cost saving, or to care for their aging parents. [0]
  • 3% of homebuyers in 2021 were active. [0]
  • 29% of homes purchased in 2021 had a sale price of more than 100% of the asking price. [0]
  • 41% of buyers report their first step in the home buying process was looking at homes online, while only 19% of buyers contacted a real estate agent as their first step. [0]
  • In 2021, the typical first time homebuyer financed 93% of their homeā€™s purchase price, compared to 83% for repeat home buyers. [0]
  • 28% of first time homebuyers reported using a gift or a loan from family or friends for some or all of their downpayment. [0]
  • 60% of Realtors report that in 2021, lack of inventory was the most important factor limiting potential clients from making a purchase, overtaking 2020ā€™s ā€œfinding the right property in the right price rangeā€. [0]
  • Nearly 60% of home buyers under the age of 29 donā€™t expect to be in their home for more than 10 years before selling again. [0]
  • 67% of all REALTORSĀ® are female. [1]
  • The median gross income of REALTORSĀ® for 2018 was $43,000, a 7% increase from 2017. [1]
  • 87% of REALTORSĀ® are independent contractors. [1]
  • The average annual income for real estate agents increased by 18.5% in 2019. [1]
  • About 17% of real estate agentsā€™ business came from referrals and 13% came from returning clients in 2019. [1]
  • 84% of home buyers said they frequently use the internet to search for homes. [1]
  • Older millennials were the most likely age group to use the internet to find their home online. [1]
  • 51% of REALTORSĀ® reported having a website for at least 5 years in 2019. [1]
  • In 2019, 9% of REALTORSĀ® reported having a real estate blog. [1]
  • 73% of NAR of members used Facebook for business. [1]
  • 58% of NAR members were on LinkedIn for professional use. [1]
  • And 80% of consumers will trust your brand more if youā€™re active on social media. [1]
  • In a 2012 study, real estate agents made 6,264 cold calls and 28% received an answer. [1]
  • About 1 out of every 330 (.03%). [1]
  • 49% of buyers prefer cold calling as the first point of contact method. [1]
  • Wednesday is the best day for making calls, cold calls are 70% more successful on this day of the week. [1]
  • Millennials move around much more than older generations, 45% of adults in this age group have moved within the past two years. [1]
  • Home price growth is expected to flatten out and increase by 1.1% in 2020. [1]
  • With the impact of the COVID 19 pandemic, sales of existing homes are expected to decrease by 15% for 2020. [1]
  • According to recent data, 2534year olds are the most mobile group of homeowners and renters in the U.S. [1]
  • But home prices are still expected to grow by about 1.1%. [1]
  • As of May 2020, the unemployment rate in the U.S. was 13.3%. [1]
  • 89% of buyers purchased their home through a real estate agent. [1]
  • 63% of homebuyers were very satisfied with the home buying process. [1]
  • Over 90% of millennial home buyers frequently used the internet to find their new home, this percentage declines with age. [1]
  • 52% of buyers found the home they ended up purchasing on the internet. [1]
  • As of 2020, millennials made up the largest share (38%). [1]
  • 61% of buyers were married couples, while 26% were singles. [1]
  • 83% of homes bought were detached single. [1]
  • 13% of buyers purchased newly constructed homes, while 87% bought existing homes. [1]
  • During the home buying process, 45% of younger millennial homebuyers said the cost of commuting was ā€˜very importantā€™. [1]
  • 50% of new home purchases were in a suburb or subdivision. [1]
  • 55% of all buyers thought the most difficult part of the home buying process was finding the right home. [1]
  • 78% of home sellers are 40 years old or over. [1]
  • Only about 23% of home sellers are between 22 ā€“ 39 years old. [1]
  • 72% of home sellers are married couples. [1]
  • The majority of all home sellers (72%). [1]
  • About 90% of all sellers worked with a real estate agent to list and sell their home. [1]
  • 64% of home sellers said they were ā€˜very satisfiedā€™ with the overall selling process. [1]
  • For sellers, the most common reason (16%). [1]
  • The most common motivation for selling, wanting to be close to family and friends, was chosen by only 16% of sellers. [1]
  • 64% of sellers were ā€˜very satisfiedā€™ with the home selling process. [1]
  • This closely matched the percentage of buyers (63%). [1]
  • You have the opportunity to make this process better for about 36% of buyers and sellers. [1]
  • March’s real estate sales remained steady while median sales price rose 13.1 percent over March 2021. [6]
  • Fannie Mae/ Freddie Mac Return to 97% Mortgage Loans*. [7]
  • Every month, about 17,000 people in the U.S. Google “how to become a real estate agent,” as they consider joining the nation’s estimated 2 million active real estate. [8]
  • Overall, the highest 10% of agents earned more than $112,410 in 2020, and some agents earn much more than that.4. [8]

I know you want to use Real Estate License School Software, thus we made this list of best Real Estate License School Software. We also wrote about how to learn Real Estate License School Software and how to install Real Estate License School Software. Recently we wrote how to uninstall Real Estate License School Software for newbie users. Donā€™t forgot to check latest Real Estate License School statistics of 2024.

Reference

  1. theclose – https://theclose.com/real-estate-statistics/.
  2. agentadvice – https://www.agentadvice.com/blog/real-estate-statistics-every-agent-should-know/.
  3. nar – https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics.
  4. texas – https://www.trec.texas.gov/education/education-provider-exam-passage-rates-sales-agents-and-brokers.
  5. onebluerealestateschool – https://onebluerealestateschool.com/resources/exam-statistics/.
  6. wra – https://www.wra.org/resources/property/wisconsin_housing_statistics/.
  7. iowarealtors – https://www.iowarealtors.com/.
  8. azre – https://azre.gov/bulletin-library.
  9. investopedia – https://www.investopedia.com/investing/steps-becoming-real-estate-agent/.

How Useful is Real Estate License School

Real estate license school provides aspiring agents with a foundational understanding of the laws, regulations, and practices that govern the industry. Through comprehensive coursework, students learn about real estate principles, contracts, property management, and more. These skills are essential for navigating the complex world of buying and selling properties, negotiating deals, and ensuring legal compliance with state regulations.

One of the primary benefits of attending real estate license school is the opportunity to network with other professionals in the industry. By interacting with instructors, guest speakers, and fellow students, individuals can gain valuable insights, tips, and advice on how to succeed in their new career. Building a real estate network early on can prove to be advantageous in the long run, as it can lead to potential mentorship opportunities, partnerships, and referrals.

Furthermore, real estate license school offers hands-on training and practical experience that can be invaluable to newcomers in the industry. From staging properties to conducting market research, students have the chance to apply their knowledge in real-world scenarios. This experiential learning can help individuals develop their skills, boost their confidence, and prepare them for the challenges they may encounter as they begin their careers.

Moreover, attending real estate license school demonstrates professionalism and dedication to potential clients and employers. Holding a license signifies to others that an individual has undergone formal education and training, passed rigorous exams, and is committed to upholding ethical standards in the field. In the competitive real estate market, having a license can set a professional apart from others who lack this credential.

In addition, real estate license school provides individuals with access to valuable resources and support systems. From career counseling services to job placement assistance, students can receive guidance and mentorship as they navigate the job market. These resources can help individuals secure employment, advance their careers, and stay up-to-date on industry trends and best practices.

Overall, while real estate license school may require an investment of time and money, the benefits it offers outweigh the costs. By providing students with a solid foundation of knowledge, networking opportunities, hands-on experience, professional credentials, and support systems, real estate license school can pave the way for a successful career in the industry. So, if you are considering a career in real estate, enrolling in a reputable license school may be the key to unlocking your potential and achieving your professional goals.

In Conclusion

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