By Mariwyn Evans

The median number of transactions completed by REALTORS® in 2007 dropped to eight from 10 the previous year. However, brokers and sales associates who brought a combination of experience and hard work to the table were rewarded, according to the NATIONAL ASSOCIATION OF REALTORS® 2008 Member Profile.

The median gross income before taxes and expenses for all REALTORS® was $42,600 in 2007, but REALTORS® with 16 or more years of real estate experience had a median income of $69,500. In the same vein, REALTORS® who work 60 or more hours a week grossed $80,800. The median years of experience in 2007 was eight years, up from seven in 2006. The median number of hours worked was 40.

Watch for more details from the new Member Profile in the July issue of REALTOR® magazine.