Yet , women struggled for nearly four decades to serve on real estate boards .
In 1938 , female agents started their own Women ' s Council of Realtors as a parallel organization to NAR due to a lack of inclusion . Most real estate boards dropped gender restrictions by the early 1950s , NAR reports .
Today , the majority of REALTORS ® — 63 percent — are women , according to a NAR 2017member profile .
Yes , we ' ve come a long way in real estate , at least in residential real estate . Unfortunately , it seems vast room for improvement is needed in commercial investment real estate .
In fact , according to an eyeopening report by Commercial Real Estate Women Network ( CREW ), the salary gap between men and women in commercial real estate has actually widened over the past five years !
A survey of 2,930 industry professionals from across all CRE sectors found that for fixed base salaries , women make an average 10 % less than men . For lucrative commissions and bonuses , women take home a whopping 56 % less on average than their male counterparts .
When average fixed salaries , bonuses and commissions are combined , women make a total of
Image by Gerd Altmann from Pixabay
While I have personally seen an increase in female participation in our investment community over the past 14 years business ; undoubtedly , more needs to be done to increase opportunities for women in the investment side of real estate .
34 % less than men in 2020 , an increase of nearly 11 percentage points from 2015 , CREW found . CREW Network ’ s fourth benchmark study measures the progress ( or lack of ) for women over the last 15 years . The study also serves as a benchmark for diversity , equity and inclusion in the industry .
While I have personally seen an increase in female participation in our investment community over the past 14 years in business , undoubtedly , more needs to be done to increase opportunities for women in the investment side of real estate .
Our company , which is led and operated by numerous women , wants to do our part by spotlighting amazing ladies in our magazines , webinars , podcasts , virtual conferences , and soon at our live events as well .
Women are masters at multitasking , excellent negotiators , and have spoton intuition all important traits in business .
Join me and our company in elevating women in the real estate investing industry . It ' s time to come together in our REI community to encourage , uplift , and motivate them . Be sure to check our website regularly to learn about our upcoming events showcasing ladies who rock real estate .
Thanks for joining us for another edition of REI Wealth magazine , we hope you find fantastic resources in this edition . If we can ever assist you directly , please feel free to contact our office : 805.693.1497 .
Stay blessed , Linda Pliagas Publisher
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