{"id":1455,"date":"2009-02-20T13:51:13","date_gmt":"2009-02-20T18:51:13","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=1455"},"modified":"2024-12-30T14:48:32","modified_gmt":"2024-12-30T19:48:32","slug":"revisiting-the-question-of-diversity-in-real-estate","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/revisiting-the-question-of-diversity-in-real-estate\/","title":{"rendered":"Revisiting the Question of Diversity in Real Estate"},"content":{"rendered":"<figure id=\"attachment_1606\" aria-describedby=\"caption-attachment-1606\" style=\"width: 135px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.flickr.com\/photos\/sanjay_kumar\/2349543534\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"size-full wp-image-1606\" style=\"border: 1px solid black;margin-left: 5px;margin-right: 5px\" title=\"Unity in Diversity\" src=\"https:\/\/bhgrealestateblog.com\/wp-content\/uploads\/2009\/02\/unity-in-diversity.bmp\" alt=\"Unity in Diversity\" width=\"135\" height=\"179\" \/><\/a><figcaption id=\"caption-attachment-1606\" class=\"wp-caption-text\">Photo courtesy of Sanj@y (Flickr)<\/figcaption><\/figure>\n<p style=\"text-align: justify\">As I think about Black History Month and the remarkable events of the last year, I find myself simultaneously thinking about two very different kinds of questions.\u00a0 On the one hand, I read the statistics from the <a title=\"2008 NAR Member Profile\" href=\"http:\/\/www.realtor.org\/prodser.nsf\/products\/186-12-08?OpenDocument\" target=\"_blank\" rel=\"noopener\">2008 National Association of REALTORS\u00ae Members Profile<\/a> and wonder\u00a0why\u00a0the population of real estate agents in America <a title=\"Of Race in Real Estate\" href=\"https:\/\/bhgrealestateblog.com\/2008\/02\/15\/of-race-in-real-estate\/\" target=\"_blank\" rel=\"noopener\">continues to be<\/a> so much less ethnically diverse than the general population.\u00a0 On the other, I wonder: do we even need these\u00a0statistics anymore?<\/p>\n<p style=\"text-align: justify\">\n<p style=\"text-align: justify\">By combining <a title=\"2007 Housing Vacancies &amp; Home Ownership\" href=\"http:\/\/www.census.gov\/hhes\/www\/housing\/hvs\/annual07\/ann07t20.html\" target=\"_blank\" rel=\"noopener\">current census data<\/a> with the NAR figures, the racial distributions can be summarized as follows:<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" class=\"size-full wp-image-1461 aligncenter\" title=\"racial-distribution1\" src=\"https:\/\/bhgrealestateblog.com\/wp-content\/uploads\/2009\/02\/racial-distribution1.bmp\" alt=\"racial-distribution1\" \/><\/p>\n<p style=\"text-align: justify\">These are simply the statistics; this is not to insinuate a nefarious reasoning behind them.\u00a0 In fact, an argument could be made that since not all real estate agents are REALTORS\u00ae, some data may be lost.\u00a0 To account for that, I&#8217;ll add members from three other industry groups (<a title=\"NAHREB\" href=\"http:\/\/www.nahrep.org\/\" target=\"_blank\" rel=\"noopener\">The National Association of Hispanic Real Estate Professionals<\/a>, with 15,000 members,\u00a0<a title=\"NAREB\" href=\"http:\/\/www.nareb.com\/\" target=\"_blank\" rel=\"noopener\">The National Association of Real Estate Brokers<\/a>, which is comprised of 35,000 African-American members, and the <a title=\"AREAA\" href=\"http:\/\/www.areaa.org\/\" target=\"_blank\" rel=\"noopener\">Asian Real Estate Association of America<\/a>, with 12,000 members) and assume that none of them are also members of <a title=\"NAR\" href=\"http:\/\/www.realtor.org\/\" target=\"_blank\" rel=\"noopener\">NAR<\/a> (an assumption I know is false but one I&#8217;m willing to make for argument&#8217;s sake).\u00a0 Doing this results in only a slight shift in the numbers (Hispanic\/Latino agents would account for 7{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c} of the agent base, the percentage of Black\/African-American agents would increase to 6{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c}, and the Asian\/Pacific Islander count would go to 4{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c}).\u00a0 So this would still put two major ethnic groups at about half of what could be expected.<\/p>\n<p style=\"text-align: justify\"><!--more-->Although I&#8217;d like to live in a world that is free of statistics that divide us, it&#8217;s so hard for me to ignore the numbers given such a wide discrepancy.<\/p>\n<p style=\"text-align: justify\">Where do we go with this?\u00a0 There are a whole lot of questions that could be discussed.\u00a0 The ones that come to my mind:<\/p>\n<ul>\n<li>\n<div style=\"text-align: justify\">Given the figures, is the business of buying and selling residential real estate not\u00a0as attractive a career choice for the one-third of our population that isn&#8217;t White?\u00a0 If so, why?<\/div>\n<\/li>\n<li>\n<div style=\"text-align: justify\">In an age when more and more people consider themselves color blind, do these kinds of statistics really matter?<\/div>\n<\/li>\n<li>\n<div style=\"text-align: justify\">If it does matter, should we assume that a real estate brokerage that has an agent base reflective of its local ethnicity (all other factors being equal)\u00a0would\u00a0have\u00a0a competitive advantage?<\/div>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>As I think about Black History Month and the remarkable events of the last year, I find myself simultaneously thinking about two very different kinds of questions.\u00a0 On the one hand, I read the statistics from the 2008 National Association of REALTORS\u00ae Members Profile and wonder\u00a0why\u00a0the population of real estate agents in America continues to [&hellip;]<\/p>\n","protected":false},"author":181,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[1351,4631,5601,6511,11801,28201,28331,33981,35611,38661],"class_list":["post-1455","post","type-post","status-publish","format-standard","hentry","category-commentary","tag-agents","tag-black-history-month","tag-broker","tag-buyers","tag-diversity","tag-nar","tag-national-association-of-realtors","tag-real-estate","tag-realtors","tag-sellers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Revisiting the Question of Diversity in Real Estate - Better Homes and Gardens Real Estate Be Better Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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