In the last several years, the percent of NAR members that identify as Hispanic and Latino have steadily increased. Hispanic and Latino members have for many years made up the largest racial and ethnic composition after Caucasian members. In the 2017 Member Profile, we see that trend continue.
In 2017, nine percent of all members identified as Hispanic or Latino, five percent Black or African American, and five percent Asian or Pacific Islander. When we segment the data by age and years of experience, we see a growing number of young Hispanic and Latino members that are entering the real estate business.
For members with two years of experience or less, the share increased to 13 percent of all members that identified as Hispanic or Latino. In 2015, that share was only eight percent. In just two years, the number of new Hispanic or Latino entrants to the business has nearly doubled.
For members that are 39 years of age or younger, the percent of all members that are Hispanic or Latino jumps to 15 percent as well. In 2015, that share was nine percent, nearly doubling again.
We segmented the data further to examine the gender breakdown of the new members entering the field. Here is what we found:
Of the members that are 39 years or younger and are male, 17 percent were Hispanic and Latino—greater than any other age group. Of those that are 39 years or younger and are female, 14 percent were Hispanic and Latino.
Of the members that have two years of experience or less and are male, 15 percent were Hispanic and Latino—higher than any other category for years of experience. Of those that have two years of experience or less and are female, 11 percent were Hispanic and Latino.
Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.