While that trails the national trend of 65%, among agents with four years or less experience, women outnumber men, 52% to 48%. See chart below for more details.
Typically, women come to the real estate profession later in life. The average Realtor® in Minnesota is 52 years old. Many are college educated, and have had previous careers in management, business, and finance.
Although women have made great strides in the real estate profession, many still struggle to earn a living from it. Given the state’s chronic shortage of affordable homes, it is a difficult time for newcomers to get established. According to the National Association of Realtors (NAR), the gross annual median income for a Realtor® with two years or less experience is just $8,500. By contrast, a Realtor® with 16 or more years of experience grosses a median average of $75,000 per year. In Minnesota, women comprise only 45% of this category.