Morning Minute: NAR sees a jump in new commercial real estate members

Image: Bigstock

Image: Bigstock

The number of new commercial REALTORS® is growing, particularly among agents with less than two years of commercial real estate experience — a demographic that has nearly doubled to 9 percent, according to the 2016 National Association of REALTORS® (NAR) Commercial Member Profile. The survey also found that commercial REALTORS® complete on average a median of nine transactions a year and the median sales transaction volume was $2,931,000. Learn more by reading NAR’s news release, infographic and an article by REALTOR® Magazine.

“As the U.S. economy continues to experience strong, steady recovery, NAR has seen more and more members choose to specialize in commercial real estate. REALTORS® who practice commercial real estate help build and improve the economies of our local communities, so as a community’s commercial real estate market grows and improves so does the local economy,” said NAR President Tom Salomone said in a news release.

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