How Many Real Estate Agents Are There? – 2018 Update
Number of Real Estate Agents in the U.S.
According to the National Association of Realtors 2018 Member Report, there are 1.3 million Realtors in the United States, up from 1.22 million in their 2017 report, an increase of 6%. Typically speaking when the real estate market is strong, there are more real estate agents, and when the market softens, membership decreases. Real estate agents must obtain a license through a local state agency which provides oversight and requires education and testing. In order to maintain their real estate license, agents must also complete continuing education and keep their license in good standing with their state.
If you need a quick reminder of the difference between a Realtor and a real estate agent, see our previous article.
Number of Portland Real Estate Agents
There are two main Realtor Association groups that cover the Portland Metro Area. The first is simply called, PMAR or Portland Metro Association of Realtors. The second is called EMAR, or East Metro Association of Realtors.
PMAR listed roughly 8500 Realtor members in 2017, a record high. In the year 2000, there were just over 5,000 PMAR members, in 2007, the previous high water mark, there were a little less than 8500. Of course, from 2008 to 2012, those member rolls shrank until they started to climb again.
EMAR’s current membership roll count is 978, bringing the total to just under 10,000.
Number of Real Estate Agents in Oregon
The Oregon Association of Realtors, OAR, lists nearly 16,000 members. This leaves about 6,000 real estate agents to cover the rest of the state.
How many real estate agents are there?
- 1.3 Million Realtors in the U.S.
- 16,000 in Oregon (roughly)
- 10,000 in Portland (roughly)
The Largest Realty Firm in Oregon
While we are at it, might as well mention the largest Realty firm in Oregon is the one we are with, Premiere Property Group, LLC, a locally owned and operated company. With over 1,000 members, about 10% of all real estate agents in the Portland metro area are Premiere Property Group agents. Premiere Property Group closed over 2 billion in local residential real estate sales in 2017. Stephen FitzMaurice has run the number one team at Premiere Property Group since 2013 (he is licensed since 2003 in Oregon). Premiere Property Group has eleven local offices in Oregon with more on the way.
Top 1% Real Estate Agent
Stephen FitzMaurice is a top 5% real estate agent by sales volume in the U.S. and a top 1% real estate agent by sales volume in the Portland metro area. Not all real estate agents are the same. We all offer different rates and services. If you are looking to sell your home in the next year, please check out our top notch marketing program coupled with a reasonable commission rate. If you’re looking to buy a home in the next year, please check out our highly educated top 1% buyer’s agent in the Portland metro area, Kami Price. We’d love to talk with you and share our unique services in the greater Portland real estate market.October 26, 2018