(Source: Wall Street Journal)

The housing market’s long decline has left once-thriving real-estate professionals scrambling for supplemental income or changing professions.

Realtors, agents, brokers and builders rely on sales and commissions for most of their income. And their incomes plunged as sales of existing homes fell 13.3% to 4.9 million last year from 7.1 million in 2005, the most recent peak. The National Association of Realtors says median income for Realtors and brokers fell to $36,700 last year from a high of $49,300 in 2004. The group’s membership fell to 1.14 million in September from 1.35 million in September 2006.

Read Dana Mattioli’s full article “Real-Estate Pros Go Moonlighting” in the Wall Street Journal (October 13, 2009).

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