Real Estate Agent Salary Guide

2022

Real Estate Agent Salary Guide

Is Real Estate A Good Fit For You?

Beginning a career as a real estate agent can be very exciting. According to data from the 2020 National Association of REALTORS? Member Profile, 5.34 million existing homes were sold in 2019 and 89% of buyers and 88% of sellers used a real estate agent.

At PDH Real Estate our mission is to provide a hassle-free, cost-effective education to obtain or maintain your real estate license online. We are dedicated to providing the more comprehensive educational experience that rivals all others in the industry.

Our team is here not only to help you complete your education, but to help you build a successful real estate career. Our instructors love what they do and are excited to share their knowledge and real-world experience with their students. All courses are written by industry leaders to provide you with highquality, up-to-date information that you can use as a solid foundation to start your real estate career.

Top Qualities of a Real Estate Agent

HONESTY

INTEGRITY

SELFMOTIVATED

FULLY APPROVED

OUTGOING

DETAILORIENTED

ABILITY TO NEGOTIATE

STRONG COMMUNICATION

SKILLS

How Much Money Can You Earn as a Real Estate Agent?

There are many benefits to becoming a real estate agent. You can set your own schedule, work as much or as little as you'd like, and help clients achieve their dreams. But the best part of becoming a real estate agent is the unlimited earning potential. Because you decide how many clients to take on, you're in charge of how much you earn per year.

According to , the national average salary for real estate agents is $82,898 per year.

The real estate market varies from state to state and impacts how much real estate agents can earn. Check out the chart below to learn what average real estate agents in your area earn.

Average Real Estate Agent Salaries

State Washington

Maryland Nebraska Virginia New York Delaware New Hampshire Oklahoma California Massachussetts Vermont

Hawaii Wyoming

Idaho Connecticut

Maine West Virginia Pennsylvania Rhode Island

Texas Alaska New Jersey Montana Nevada North Dakota Arizona Indiana

Source:

Annual Salary $92,287 $91,113 $89,212 $88,041 $87,938 $85,294 $85,074 $82,915 $82,611 $81,493 $80,225 $78,893 $78,673 $77,650 $76,717 $76,628 $76,425 $76,055 $75,619 $75,225 $75,172 $74,705 $74,617 $74,581 $74,559 $73,849 $73,376

Monthly Pay $7,691 $7,593 $7,434 $7,337 $7,328 $7,108 $7,089 $6,910 $6,884 $6,791 $6,685 $6,574 $6,556 $6,471 $6,393 $6,386 $6,369 $6,338 $6,302 $6,269 $6,264 $6,225 $6,218 $6,215 $6,213 $6,154 $6,115

Weekly Pay Hourly Wage

$1,775

$44.37

$1,752

$43.80

$1,716

$42.89

$1,693

$42.33

$1,691

$42.28

$1,640

$41.01

$1,693

$40.90

$1,595

$39.86

$1,589

$39.72

$1,567

$39.18

$1,543

$38.57

$1,517

$37.93

$1,513

$37.82

$1,493

$37.33

$1,475

$36.88

$1,474

$36.84

$1,470

$36.74

$1,463

$36.57

$1,454

$36.36

$1,447

$36.17

$1,446

$36.14

$1,437

$35.92

$1,435

$35.87

$1,434

$35.86

$1,434

$35.85

$1,420

$35.50

$1,411

$35.28

The chart is sorted by annual salary in descending order.

Average Real Estate Agent Salaries

State Minnesota Tennessee Wisconsin South Dakota

Ohio Kentucky Oregon

Utah Georgia Louisana South Carolina Colorado Kansas Alabama

Iowa New Mexico

Florida Arkansas Michigan Mississippi

Illinois Missouri North Carolina

Annual Salary $72,782 $72,712 $72,395 $72,381 $72,184 $71,840 $71,262 $71,254 $71,241 $70,584 $70,477 $70,210 $70,192 $69,575 $69,498 $69,782 $69,145 $65,918 $65,889 $65,757 $65,560 $65,512 $60,057

Monthly Pay $6,065 $6,059 $6,033 $6,032 $6,015 $5,987 $5,938 $5,938 $5,937 $5,882 $5,873 $5,851 $5,849 $5,798 $5,791 $5,732 $5,595 $5,493 $5,491 $5,480 $5,463 $5,376 $5,005

Weekly Pay Hourly Wage

$1,400 $1,398 $1,392 $1,392 $1,388 $1,382 $1,370 $1,370 $1,357 $1,355 $1,350 $1,350 $1,338 $1,336 $1,323 $1,291 $1,268 $1,268 $1,267 $1,265 $1,261 $1,241 $1,155

$34.99 $34.96 $34.81 $34.80 $34.70 $34.54 $34.26 $34.26 $34.25 $33.93 $33.88 $33.75 $33.75 $33.45 $33.41 $33.07 $32.28 $31.69 $31.68 $31.61 $31.52 $31.02 $28.87

The chart is sorted by annual salary in descending order.

Source:

Variables That Can Impact Your Income

Your income can vary depending on several factors. Working part-time or full-time will result in different incomes. How much experience you have can also affect how much you earn, as part of your business comes from referrals. The longer you are in business, the more clients you'll acquire, the more experience you'll have, and the more money you'll make.

Location

Like the saying goes, it's all about location, location, location. The commission rate varies depending on location and the average sale price in that area. Agents working in larger cities will have the ability to make more than agents who work in smaller cities, but you will also need to factor in the cost of living.

Expenses

Since a real estate agent is an independent contractor, a lot of the expenses may fall on your shoulders. The good news is that as an independent contractor, these can be deducted as business expenses! You could expect to pay for things like:

? pre-licensing education and exam fees ? health insurance costs ? marketing costs ? MLS fees ? brokerage fees ? continuing education to maintain

your license

Networking

Real estate relies almost exclusively on networking. How well you make connections has a direct impact on your ability to make transactions, especially in the first year or two when you are just starting to build your business. This is often the hardest time for real estate agents, because growing that network takes time and energy.

Experience

As is the case with most careers, the more experience you have, the more money you will make. As a new agent, you will likely work with more experienced agents who can share valuable insights they have gained into the real estate market.

Number of Homes Sold

This might be obvious, but the more homes you sell, the more money you will make. Since real estate is a commission-based career, closing a sale is essential to earning income. If you sell 12 homes a year, you will make more than an agent who only sells five.

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