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2010 Local Association Compensation Profile Survey Results

2010 Local Association Compensation Profile Survey Results

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Published by: narwebteam on Mar 29, 2012
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03/29/2012

 
 
THE NATIONAL ASSOCIATION OF REALTORS
 ® 
 
2010 Profile of LocalAssociation ExecutiveCompensation andBenefits
Summary of Survey Findings
May 2010
 
 
National Association of REALTORS
®
2010 Profile of Local Association Executive Compensation and Benefits
i
Introduction
The National Association of REALTORS
®
(NAR) Association Leadership DevelopmentDepartment together with Groh & Associates, Inc. surveyed local REALTOR
®
associations. Thepurpose of the survey is to collect data on local association chief staff executive compensation tocreate a report that the association boards and executives can use for assessing pay policies andprograms for their chief staff executives.A work group comprised of REALTOR
®
association executives developed the survey questionsand retained Groh & Associates to conduct a paper survey, collect and analyze results andprepare this summary report. Use of an outside consultant to collect and secure data ensures theconfidentiality of respondents.
Acknowledgement
NAR thanks the more than 500 local REALTOR
®
association executives who participated in thesurvey.
About the Data
The survey was conducted between February 15 and March 8, 2010. It asked respondents for2009 compensation and financial information and 2010 compensation budgets. In total, 527 localassociations returned surveys, representing 37.5% of the 1,404 surveys that were mailed. Of thereturned surveys, 511 were used in the data analysis.The previous report was completed in 2008 with 531 participants and a comparable percentageof total local association participation. The “Key Findings” section in this report compares someof the 2010 survey results with the 2008 survey. Although there are likely many localassociations that participated in both surveys, we cannot be sure that the same local associationsparticipated in both surveys. This means that the comparison of data between the two surveys ishelpful as a guide, but not precise in measuring change during the two years between thesurveys.
Ranges, Medians and Averages
Throughout this report you’ll see references to statistical ranges, medians and averages. Theseare defined as follows:
 
The range is the lowest to highest number returned in open-ended questions in whichparticipants were asked to provide anumber.
 
The median is the middle of thedistribution of the numbers in the range,half of the ranged numbers are above themedian number and half are below themedian number.
 
The average is the total of the rangednumbers divided by the number of respondents that replied to the question.
Contents
Page
 
 
14813273340Key FindingsSection 1: BackgroundSection 2: Chief Staff ExecutivesSection 3: Executive CompensationSection 4: StaffingSection 5: Income and ExpensesSection 6: Index of Exhibits
 
 
National Association of REALTORS
®
2010 Profile of Local Association Executive Compensation and Benefits
ii
Which is more accurate, the median or the average? 
An average results from totaling up all the statistical responses to a question and dividing thetotal by the number of respondents to the question. Because the survey database has many localassociations with a small number of members and a few mega associations with very manymembers, averages may be skewed by the responses from these two groups. To provide moremeaningful results for members, we have separated many findings by membership size. Inaddition, because the median is less sensitive to extreme ranges, it may be considered morestatistically reliable.

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