Here’s How Many Real Estate Agents There Are in The US (And How to Find a Great One)

How many real estate agents vs. Realtors® are there in the US?

Before jumping into the numbers, it’s important to understand that there is a difference between real estate agents and Realtors®. While many people use these two titles interchangeably in everyday conversation, real estate agents aren’t always Realtors.

To become a Realtor, you must have a real estate license, then register as a member of NAR, the largest trade organization in the country. Among other requirements, Realtors must pay annual dues and abide by the NAR Code of Ethics & Standards of Practice.

So, how many active real estate agents and Realtors are there? According to estimates from the Association of Real Estate License Law Officials (ARELLO), there are more than 3 million people holding active real estate licenses in the US. Of those agents, there are more than 1.5 million Realtors, as of May 2024, according to a NAR report.

Florida has the most registered Realtors, with 220,309 members. California ranks a close second with 194,964 Realtors.

How the number of real estate agents shifts with housing markets

The number of active real estate agents fluctuates, depending on the climate of the housing market. For instance, between 2007 and 2008, the collapse of the housing market saw the number of active Realtors drop by more than 140,000 members in a single year, according to a NAR historic membership report. That figure continued to fall until 2012, with total membership dropping below 1 million that year.

But with the increase in property value and boost in the housing market starting in 2012, the number of Realtors grew by more than 500,000 by 2021, according to a Statista report. That’s because, often, when there’s less business to go around, agents leave the business in droves, then re-enter when market conditions are promising.

A challenging market also favors expert agents, weeding out less experienced agents who may have found success when selling homes was easy but struggle more when market conditions tilt to favor buyers. According to data from HomeLight’s Top Agent Insights survey for New Year 2023, agents are reporting just such a shift toward buyers in most areas of the US and describe the increasing importance for sellers of working with a top-performing, experienced agent.

How many real estate agents are in the top metro areas across the US?

Wondering how the total number of real estate agents and their home sales vary across the country? Here’s a look at agent numbers within the US metro areas that are home to the most agents:

*Source: U.S. Bureau of Labor Statistics Occupational Employment and Wages, May 2023

Why are there so many real estate agents in the US?

The real estate agent’s job offers flexibility, independence, and high opportunities for growth. These are just a few reasons the career is so popular. At the same time, it’s easier to obtain a real estate license than with other occupations.

However, this easy entry into the career also means a high percentage of real estate agents decide to sell homes part-time and run other gigs on the side. Oftentimes, retirees will take a shot at real estate as a hobby or as an extra source of income. According to a Placester survey, fewer than half of real estate agents engage in the career on a full-time basis. Simply put, if a real estate agent is only selling a few houses a year, they’re probably a hobbyist or treating the job as a side-gig.

And if real estate agents aren’t laser focused on their real estate career, it could cut into your home sale. Dee Dee Cortez, a top real estate agent in Corpus Christi and Kingsville, Texas, explains that while it’s a relatively easy industry to enter, it’s far more difficult to actually achieve success. She agrees that anyone can be an agent, but it takes experience, training, and the right communication skills to succeed as a top agent.

Hire a top real estate agent in your area to get the job done right

The truth is, while there are plenty of agents out there, not all of them have the same level of experience or track record of success. And not every agent will hand you the same level of value or secure the same amount of money for your home sale.

People entering the real estate industry “have the impression that it’s easy money,” Cortez says. But in reality, “it takes a lot of work. You have to learn either to be a buyer specialist or a seller specialist. It takes time and dedication, but most of all, it takes effort.”

If you’re buying or selling a home, your agent’s skills and expertise can dramatically affect your sale. As a whole, high-performing real estate agents will secure significantly higher sales prices and faster sales for you than the average agent. For instance, a top real estate agent in San Antonio sells houses 1.5x faster and can bring in 453.6% more money than the average agent. And that pattern is consistent across the country, with the top 5% of real estate agents landing as much as 10% more money on the average home sale than the typical agent, according to HomeLight data.

Once you have an idea of where to look for a top agent, there are a few ways to spot the best real estate agent for your home transaction:

Dig into agent stats

To track down an agent that will help you sell your house, it’s best to look at real estate agent performance indicators. Here are a few statistics that can help you pick a high-performing real estate agent:

• Number of home sales they’ve secured
• The list price vs. sales price of their recent transactions
• Days their sales listings stayed on the market
• Their professional ranking
• The average sales price of their transactions

Watch out for red flags

You can save yourself time, money, and frustration by ruling out any agents that set off red flags early on. Here are a few signs of a sub-par agent:

• They’re overly pushy
• They don’t know about or don’t have experience selling in your local area
• They aren’t excellent at marketing homes
• They’re only selling part-time or as a hobby

Examine the real estate agent’s online presence

Your agent’s online presence can tell you a lot about how well they will market your home. When you search for them online, look for quality photos, their listing style, social media posts, websites they pop up on, awards they’ve won, and other indicators that they know what they’re doing. These factors can give you a glimpse of their personality and show you if they’re prepared to showcase your home to the online world.

Find the best real estate agent in your area

With millions of active real estate agents in the US, you can’t just close your eyes and point at a name in a directory. Selling a house is one of the most important transactions of your life, and you’ll need to make sure that the agent you hire is qualified to get the job done right. By taking the time to pick out a top selling agent now, you can bring in more money, save time, and lock in a stress-free home transaction in the future.

Header Image Source: (Aaditya Ailawadhi / Unsplash)