Real Estate Agent
Real Estate Agent Job Description
Property, Real Estate, and Community Association Managers Plan, direct, or coordinate selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Real Estate Brokers Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
Real Estate Agent Salary Statistics as of 2015
Average annual salary for a Real Estate Agent is $49984 based on statistics in the U.S. as of 2015. The highest salary recorded was $149897. The lowest salary reported was $23949. These figures will vary on a state to state basis as these are averages across all 50 states.
Median hourly wage for a Real Estate Agent is $14.22 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $19.65. The lowest hourly rate recorded was $8.79. These figures will vary on a state to state basis as these are averages across all 50 states.
Bonuses for a Real Estate Agent are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $4000 from people with 15+ years of experience. The average bonus recorded was $1100 from people with under 1 year of experience.
These are the highest paying states for a Real Estate Agent. These numbers are based off the median annual salary as of 2015.
Arizona – $35,697 – $73,698
California – $23,839 – $220,598
Florida – $19,434 – $218,253
Georgia – $30,837 – $96,128
New York – $23,178 – $112,848
Texas – $19,574 – $73,533
Washington – $50,000 – $150,000
These are the highest paying cities for a Real Estate Agent. These numbers are based off the median annual salary as of 2015.
Houston, Texas –
San Antonio, Texas –
Seattle, Washington –
Atlanta, Georgia –
Phoenix, Arizona –
Los Angeles, California –
Las Vegas, Nevada –
This chart outlines the average annual salary of a Real Estate Agent from the past 5 years. In 2015 the average annual salary was $49984 while in 2007 it was just $46354.28
Real estate agents do not make a traditional based pay. All of a real estate agent salary comes from a percentage of the homes they sell. Listing agents make 5% from a home that they listed once it sells. When a person first enters the field, it can take some time to market themselves to customers. This may require the agent to send out letters to perspective clients to get their name out. All the expenses will need to be paid by the agent, though some top agencies will provide assistance to their agents.
If a person is willing to work long hours the have potential to reach the top of their field. A real estate agent does not have tradition nine to five business hours. They will need to be available in the evenings and weekends when the majority of their clients are available for home showings. Open houses are often held on Sundays because traffic will be higher.
Requirements
Requirements to become a real estate agent vary by state though most states require that an agent is 18 years of age or older. Most states require that an agent take a total number of class hours before taking the licensing test. Where the classes are held vary by the state requirements as well. Some states allow you to take classes at home, others offer them at real estate agencies and some require you take them at accredited colleges. Exam fees can range anywhere from $100 to $150. Once you get your licence, states also require that you continue your education and take the licensing exam every 2-3 years.
Job Outlook
Further advancement in the field is possible by obtaining a broker licence. With a broker licence a real estate agent would be able to own their own agency and have real estate agents work for them. With a broker licence, a real estate salary can be as high as $232,000 according to national averages. Brokers earn a percentage of what each of their agents make, so the potential for earning will depend on how large the agency is.
Even though a real estate agent may work for an agency, they are not required to put in any type
of hours with the agency. Essentially a real estate agent is their own boss. A person who has enough drive to work on their own can succeed in the real estate field.
Gender Statistics |
Related Jobs |
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50%
50%
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Based on our stats gathered across the U.S. 50% of Real Estate Agents were males while 50% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.
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Past Jobs Realtor |
Future Jobs Real Estate Broker |
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