(Mountain Lakes, NJ, June 26, 2018) – (RealEstateRama) — The nation’s 70 largest Realtor organizations collected $672 million in revenue in 2016, and they paid their CEOs nearly $24 million.
That’s according to Real Estate Broker’s Insider’s analysis of tax returns filed by national, state, and regional associations. Most organizations’ 2016 returns were made public during the first quarter of 2018.
Real Estate Broker’s Insider analyzed 71 associations that reported annual revenue of more than $2.5 million. Revenue totaled $671.6 million in 2016, up 5.7 percent from 2015.
Total CEO pay climbed to $23.7 million in 2016, up 1.4 percent from 2015. Average CEO compensation was $333,667 unchanged from 2016.
The five most highly compensated association executives are:
Dale Stinton (National Association of Realtors) $1,860,000
Joel Singer (California Association of Realtors) $ 955,169
Robert Hale (Houston Association of Realtors) $ 917,481
John Banks (Real Estate Board of New York) $ 798,188
Gary Clayton (Illinois Association of Realtors) $ 605,467
To view an interactive chart showing the salaries of the 71 top executives, click here.
More on executive compensation, Zillow’s plans to buy and sell homes, and one brokers move from team to stand-alone model, appears in the June issue of Real Estate Broker’s Insider.
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