how much do real estate agentsmake

Curious about the earning potential for commercial real estate brokers in New York City? Discover the average income, factors impacting salaries, FAQs, and more in this comprehensive guide.


Are you considering a career in commercial real estate brokerage in the bustling city of New York? One of the burning questions you may have is how much you can expect to earn in this competitive industry. In this article, we will delve into the average income of commercial real estate brokers in NYC, factors that influence their salaries, frequently asked questions, and a conclusive overview of this exciting field.

  1. Average Income of Commercial Real Estate Brokers in NYC

To understand how much commercial real estate brokers make in NYC, it's essential to look at industry averages. While income can vary significantly depending on experience, specialization, and the size of deals, the following figures provide a general idea:

  • According to the Bureau of Labor Statistics, the median annual wage for real estate brokers and sales agents in the United States was $50,730 in May 2020.
  • In a high-demand market like NYC, brokers' salaries tend to be higher compared to other regions. On average, entry-level brokers can expect to earn
  1. Complete 75 hours of approved Pre-Licensing education.
  2. Pass the course final exam.
  3. Pass the New York real estate broker examination.
  4. Complete the application.

How much do commercial real estate brokers make in the US?

The salaries of Commercial Real Estate Brokers in the US range from $23,400 to $795,620 , with a median salary of $175,561 .

How much does a commercial real estate analyst earn in NY?

What is the average salary for a real estate analyst in New York? The average salary for a real estate analyst in New York is $83,500 per year. Real estate analyst salaries in New York can vary between $30,500 to $281,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

Do real estate agents make good money in NY?

Data from Indeed shows that the average salary of real estate agents working in New York State was $88,607. The average commission for Realtors in NY State was $95,486. However, the real answer to the question, “how much commission does a Realtor make in NY?” is about 1.5% of the property's sales price.

Do you need a license to sell commercial real estate NY?

Do I need to be licensed? Generally, Article 12-A of the Real Property Law provides that anyone who, on behalf of another and for a fee, 1) negotiates a sale, exchange or rental of real property, 2) collects rent, or 3) negotiates a commercial loan secured by a mortgage must be licensed as a real estate broker.

How much does it cost to get real estate license in California?

How Much Does It Cost To Get A California Real Estate License?
Course Tuition$100 - $400+
Background Check$40
Salesperson License Fee$245
Examination Fee$60
Total$445 - $745

How much is Michigan real estate license?

Sample Michigan Real Estate License Costs
Prelicensing Classes (40 Hours)$206 (through Colibri Real Estate)
License Application$88
Exam Registration$79
Total Cost$373
May 1, 2023

Frequently Asked Questions

How difficult is the California real estate exam?

The California real estate exam is a challenge for most people. But, with consistent studying, remaining calm, and getting guided help, you can pass on your first attempt. This test is hard but it's not impossible!

How much do beginner real estate agents make in NY?

First Year Real Estate Agent Salary in New York. $73,100 is the 25th percentile. Salaries below this are outliers. $112,500 is the 75th percentile.

How much do real estate agents make in NYC?

Real Estate Agent in New York City, NY Salaries
Job TitleLocationSalary
Better Real Estate Agent salaries - 5 salaries reportedNew York City, NY$157,004/yr
RE/MAX Real Estate Agent salaries - 5 salaries reportedNew York City, NY$146,094/yr

What is the amount of a broker's commission usually?

Between 5% to 6% Real estate agents and brokers buy and sell homes, but have different licensing requirements. Real estate commissions are negotiable but tend to range between 5% to 6% of the sale price.

How much do real estate agents make on Long Island?

As of Oct 18, 2023, the average annual pay for a Real Estate Agent in Long Island is $92,690 a year. Just in case you need a simple salary calculator, that works out to be approximately $44.56 an hour. This is the equivalent of $1,782/week or $7,724/month.

Which type of broker charges the highest commission?

Be prepared to pay higher brokerage fees with full-service brokers, which offer a range of services like investment research. Discount brokers typically work on lower commissions and fees because they operate online and don't offer research.

Are there bathrooms at Home Depot?

There are no private bathrooms in The Home Depot. Only public ones that are open to both employees and customers in the store.

How much is a bath tub?

Cost by Type of Bathtub
Type of BathtubCost
General purpose bathtub$200–$800
Soaking tub$1,000–$12,000
Jet and whirlpool$1,500–$10,000
Air tub$1,500–$10,000

Does Home Depot update bathrooms?

If you're ready, but don't know exactly how to update a bathroom, we can help. The Home Depot offers full Bathroom Remodeling services. From planning and measurement to cleanup and haul away, we've got your bathroom remodeling project covered. It all starts with a free in-home design consultation.

How to budget for a new bathroom?

  1. Advice on cost effective bathroom renovation.
  2. Outline your design, budget and timeline beforehand. Having a solid plan and budget in place is essential with any home renovation project.
  3. Keep plumbing in place.
  4. 3.Do your own tiling.
  5. Upgrade what you already have.
  6. Give the room a coat of paint.
  7. Go green.
  8. Get in touch.

What size tub for a 6 foot person?

When shopping for a soaking tub, find a tub that measures between 60 inches long and 72 inches long. Persons over six feet tall may want to consider an oversized bathtub for the most comfort. We recommend shopping for a bathtub that is over 70 inches long.

What is the full form of PSI in real estate?

Property backed Secured Investment is a financing product secured by a mortgage / charge on an immovable property as a form of collateral against the total outstanding amount of the financing.

What is PSI for exam?

PSI is a test provider that administers in-person and online proctored exams in many fields. PSI exams are often industry-specific and included in requirements for government, state, or municipal occupational licenses.

How should I prepare for PSI?

How to Pass the PSI Real Estate Exam
  1. Understand Your State's Exam Content.
  2. Review Course Materials.
  3. Take a Practice Test.
  4. Explore Available Study Resources.

Can I take PSI exam online at home?

With the PSI Bridge ™ online proctoring platform, any test can be completed securely at home or in the office, at a time that works for your test takers. Giving them a seamless and accessible experience – just like they'd expect. And giving you the online testing service security, integrity and scalability you need.

How does PSI work?

Pounds per square inch or PSI is an imperial unit of pressure. Using the imperial units of pounds and square inches, it is a measure of force per unit area. Therefore, 1 PSI is measured as one pound of force applied per one square inch.

What time of year is cheapest to buy a mower?

Fall Shop for a Lawn Mower in Early Fall for the Best Prices The very best time of year to buy a lawn mower for a great price is in the early fall, when the cooler temperatures stall the growth of grass until the following spring.

Is Home Depot going to stop selling gas powered lawn mowers?

The largest home improvement store in America will be replacing gas-powered lawn mowers, leaf blowers, and trimmers with products that run on rechargeable batteries, a move that could have a huge environmental impact, considering gas-powered lawn mowers alone account for an estimated 5% of the total air pollution in

What brand of lawn mower is the most reliable?

The three were unanimous in naming Toro, Honda, and Robomow as top brands, and praised many others, including Greenworks, Cub Cadet, and Husqvarna. "We've come a long way since the first lawnmower was invented in 1830," Ingham says.

Why are lawn mowers so expensive?

Electric, battery-powered self-propelled mowers tend to be expensive because it takes a very heavy-duty battery to power the self-propelling feature.

How much should I pay for a good lawn mower?

A gas-powered manual push mower will typically cost between $140 and $570, with the average lawn mower price at $265. If you want a self-propelled mower, you could spend between $170 and $2,100.

How do I know if I passed my PSI exam?

Examinees will see if they “pass” or “fail” their examination immediately on their computer monitor upon completion of an examination. The official license examination results letter will be emailed to examinees within 24 hours after the completing their license examination.

Does PSI email you your results?

Your exam results will be provided to you upon successful completion of your exam. If you tested via live remote proctor, your exam results will be emailed to the email address listed on file. If you tested in-person at a PSI testing facility, the proctor will provide you with a hard-copy of your exam results.


How long does it take to get results of real estate exam in NY?
Within 5-7 days How long does it take to get NYS real estate exam results? Your State Exam results will be ready within 5-7 days after taking the exam. In New York, exam results are reported as either passed or failed.
What is the pass rate for the SC real estate exam?
Average pass rate is only 64%. Studying is hard and often a very dry task. We helped over 50,000 students become licensed agents.
How many times can I take a practice test for PSI?
Unlimited test attempts and 365-day access.
What are the hardest real estate exams?
The difficulty of the real estate exam varies by state, but the California real estate exam is known to be one of the most difficult. In fact, the pass rate for the California real estate exam in the last two years was under 50%, which means it's incredibly competitive and difficult to pass.
What score do I need to pass the PA real estate exam?
75 % In order to pass the Pennsylvania real estate exam, you'll need a score of at least 75 %. Passing the exam is much less stressful for anyone who has completed an Exam Prep course.
What score do you need to pass the real estate exam in California?
70% To pass the examination, you must correctly answer at least: 70% of the questions (Salespersons), or. 75% of the questions (Brokers)
What is the passing score for the Florida real estate exam?
75 You must earn a score of 75 to pass either the Sales Associate or Broker exam. We have outstanding Exam Preparation products and classes to help you pass the Florida Real Estate Sales Associate License Exam.
Is the math hard on real estate exam?
To put it in plain terms, yes, the California Real Estate Exam contains math - but very little. And the level of math involved may not be as extensive or intimidating as you might think. On average, there are only a small number of questions that focus on mathematical problems.
How do I schedule the PSI real estate exam in Georgia?
If you don't want to schedule your exam online, you can also call by telephone to set up a testing appointment. To do this, call PSI at 1-800-345-6559. They will require you to provide your personal information, including Social Security number, and to have an idea of when/where you want to take the test.
Where can I take my real estate test in California?
In California, you have the option to take the real estate exam at the following locations:
  • Los Angeles Vicinity.
  • Fresno.
  • Oakland.
  • Sacramento.
  • San Diego.
How do I schedule a real estate exam in NJ?
Phone: (855) 579-4634. Email: [email protected].
How long does the Memorial Day sale at Home Depot last?
Find unbelievable bargains at our huge Memorial Day Sale from May 18th through May 29th.
Are Memorial Day sales worth it?
We commonly see discounts of up to 35% or more off during Memorial Day sales. Last year, Costco offered up to $1,000-plus off appliances during its sales, while Sam's Club cut up to $800 off.
How long is Lowe's Memorial Day sale?
A: You can plan to take advantage of our Memorial Day deals from 5/18/23 through 6/7/23. You'll find savings on appliances, outdoor power equipment, paint and more, as well as Memorial Day steals and one-day, online-only Deals of the Day. Q: What's Memorial Day, and why do we celebrate it?
Why are there Memorial Day sales?
Besides the simple fact of having a day off from work, the time of year also has to do with why retailers have pegged Memorial Day weekend as an ideal time for sales. For example, summer is a prime time for moving—hence the mattress sales.
When did Memorial Day sales start?
When do Memorial Day sales start? Memorial Day sales typically start as early as May 1 and pick up as the three-day weekend gets closer.
How long do Memorial Day sales last at Home Depot?
Find unbelievable bargains at our huge Memorial Day Sale from May 18th through May 29th.
How long does Lowes Memorial Day sale last?
Q: When does Lowe's offer Memorial Day savings? A: You can plan to take advantage of our Memorial Day deals from 5/18/23 through 6/7/23. You'll find savings on appliances, outdoor power equipment, paint and more, as well as Memorial Day steals and one-day, online-only Deals of the Day.
Does Lowe's have a military discount on Memorial Day?
We honor all veterans on three specific holidays: Memorial Day, 4th of July and Veterans Day. During these three holiday weekends, we extend the discount to all veterans who served honorably and who present a valid Form DD214 or other proof of service.
Does Home Depot get Memorial Day off?
Is The Home Depot open on Memorial Day? Good news! Home Depot is open on Memorial Day for all your home and garden needs. Even better: Stores are open during regular business hours on the holiday.
What is the best time of year to buy cabinets?
Holiday Season It's also the best time of the year to purchase kitchen cabinets. There are many stores that offer kitchen cabinets during this time of the year for considerably lower prices. The prices of many products are often discounted at Christmas time because most people do not remodel over the holiday season.
When should I buy new kitchen cabinets?
Leading Indications For You to Replace Kitchen Cabinets
  • You Don't Have Enough Storage Space. Examine your kitchen cabinet surfaces.
  • They Don't Perform As Well As They Should.
  • There's An Unpleasant Smell.
  • Water Damage.
  • Excessive Wear and Tear.
  • Your Cabinets Look Awful.
  • New Kitchen Appliances.
  • New kitchen layout.
Is Hampton Bay a Home Depot exclusive brand?
Hampton Bay patio furniture is available exclusively at The Home Depot. Free pickup and returns at any store.

How much do commercial real estate brokers make in nyc

What brand of cabinets does HGTV use? What you may not know is the reason why RTA cabinets are the preferred choice for HGTV and DIY shows on TV (and probably for your kitchen renovation too). Here are the 5 reasons Home Renovation Shows use RTA cabinets (#4 – Air Quality – is something really important to homeowners).
What color cabinets increase home value? Neutral colors, such as white, gray, or beige, are the most appealing to potential buyers as they provide a versatile base for various styles and personal touches.
How long do memorial sales last? Memorial Day sales start by mid-May and can last until June. A select few could go on through mid-June. For example, we saw Memorial Day sales hang around until June 20 in 2022. Even so, the vast majority won't last beyond May 29, or the first weekend in June at the latest.
How long do special buys last at Home Depot? Officially, Home Depot's “Special Buy Deal of the Day” deals end at 4am ET, according to all the countdown and expiration notices that are posted on their site.
How long does Home Depot special buy last? Officially, Home Depot's “Special Buy Deal of the Day” deals end at 4am ET, according to all the countdown and expiration notices that are posted on their site.
How long is Home Depot President's Sale? This year, Home Depot's Presidents' Day sale started on Feb. 9 and extends all the way through to Mar. 1. During this time, you can find savings on power tools, bathroom fixtures and patio furniture – but perhaps the biggest standouts are the appliance deals.
What is usually on sale for Labor Day? Though Labor Day sales tend to focus on big-ticket items like mattresses and major appliances, with a little digging you can also find tons of savings available on tech, apparel and much more. Here are some of the overall best Labor Day sales that you can shop right now: LG: Up to 30% off tech and home appliances.
What happens if you buy something at Home Depot and then it goes on sale? Home Depot: If an item you bought at Home Depot goes on sale or a competitor has a lower price, you can contact customer service to get a partial refund up to 90 days from the date of purchase.
Who administers the Illinois real estate exam? PSI/Applied Measurement Professionals, Inc. Who administers the state of Illinois real estate exam? The state exam is administered by PSI/Applied Measurement Professionals, Inc. (AMP). They administer the test at 12 sites throughout Illinois and Milwaukee, Wisconsin.
Is the PSI practice exam the same as the real exam? No, PSI Practice Tests won't give you the answers to memorize for test day — but they will prepare you for the questions you'll see.
Does Home Depot offer discounts? You can enjoy instant benefits with our online coupons, special offers, and deals. With the Special Buy of the Day, you save daily on products to improve your home. Shop our Rebate Center or Savings Center and you'll find great values on hundreds of items.
What are the annual sales for Home Depot? In 2022, Home Depot's annual sales amounted to over 157 billion U.S. dollars, whereas its main competitor, Lowe's, reached more than 97 billion U.S. dollars of sales.
What happens if I miss my PSI exam? An applicant who fails to appear at the examination site on the scheduled examination date must also use PSI's Examination Scheduling Service to reschedule an examination at CDI's examination sites or PSI's test centers. A rescheduling examination fee will be charged.
How long do you have to take real estate exam after course in PA? Once you've completed your education, it's time for your exams. You must have a passing score on the Pennsylvania and national portions of the salesperson licensing examination within three years of the date of your Pennsylvania licensing application.
How do I reschedule my PSI exam? You can cancel or reschedule a previously scheduled exam date with PSI Exams from with your PSI Exam Online account at You can also call PSI Exams at (833) 518-7456.
When is home depot memorial day sale 2020 Home Depot's Memorial Day sale runs from May 18 to May 29. During this time, you'll find savings of up to 45% on patio furniture, appliances, lawn care 
When can I schedule my Texas real estate exam? Scheduling Your Exam The Texas real estate exam is available by appointment, and it can be scheduled for any day (excluding holidays) as little as 24 hours before the desired test date. Exams can be scheduled either online or by phone.
How to schedule AZ State real estate exam? For more information, call the Pearson VUE Call Center at 888.405. 5776 or log on You must make a reservation with Pearson VUE in order to take the examination. The Candidate Handbook is available in Adobe Acrobat (PDF) format and includes applicable forms and contact information.
How do I schedule my real estate exam in Georgia? Scheduling the Exam The preferred method of scheduling the date for your real estate licensing exam is online. Start by going to On this website, select 'Candidates'. Under the 'Category' tab, select Real Estate.
How do I schedule a real estate exam in Virginia? You may register and schedule your examination at as soon as your education provider has submitted your record to PSI. You may also apply by mail and schedule your examination by calling (800) 733-9267.
Can you take the Texas State real estate exam online? Another benefit of taking the courses online is that you can also take the proctored final exams online…. you don't have to drive to a school or proctoring location. The final exam is proctored by ProctorU. Submit your Sales Agent License application online with the Texas Real Estate Commission.
Does Home Depot do sales for Memorial Day? What can I expect from The Home Depot Memorial Day Sale? You can expect up to 70% off on your favorite The Home Depot products, including appliances, tools, grills, patio furniture, cleanning supplies, storage and organization items, bathroom vanities, outdoor power equipment, air conditioners, etcetera.
  • Is Memorial Day a big day for sales?
    • Memorial Day — which many regard as the unofficial start of summer — is known for its sales on big-ticket items like furniture and household appliances.
  • How many people pass NY real estate exam?
    • When it comes to getting your New York Real Estate License, the key is passing the State Exam.
  • What to do after passing Indiana real estate exam?
    • After passing, you'll need to find a current, active broker who will agree to sponsor you on your application for your license. Be careful when choosing your sponsoring broker, as they can either help or hinder your fledgling career as an Indiana real estate agent. We recommend getting to know your sponsor.
  • What month is best for carpet sales?
    • December through January For that reason, carpet manufacturers and retailers often slash the prices on carpets and installation during this time, so you can save up to 25 percent on a new carpet if you're willing to deal with the inconvenient timing.
  • How long does it take Home Depot to come install carpet?
    • About one day We strongly recommend keeping children and pets in another area of the home while our team lays the flooring. The timeframe of your installation varies based on room size and type of carpet. Most carpet installations take about one day.
  • What color carpet is best for resale?
    • The Best Carpet Color to Sell Your House Your best bet is selecting a neutral toned carpet like beige, warm gray, or taupe. Try to avoid white as it may put a few people off due to fear of spilling on it. Also, avoid cool grey colors since they have been known to feel a little uninviting.
  • How long is Home Depot special buy?
    • Officially, Home Depot's “Special Buy Deal of the Day” deals end at 4am ET, according to all the countdown and expiration notices that are posted on their site.
  • What can you buy at Home Depot?
    • Top Categories For You
      • Garden Center.
      • Power Tools.
      • Outdoor Power Equipment.
      • Paint Colors.
      • Hand Tools.
      • Power Tool Accessories.
      • Vinyl Flooring.
      • Tile.
  • When does the 20% sale start on hampton bay cabinets in home epot
    • No matter what you choose, our in-store or online deals, coupons, special and credit offers, give you the financial power to do more. Appliances for Less. Stop 
  • How much do realestate agents make on Long Island?
    • As of Oct 22, 2023, the average annual pay for a Real Estate Agent in Long Island is $92,690 a year. Just in case you need a simple salary calculator, that works out to be approximately $44.56 an hour. This is the equivalent of $1,782/week or $7,724/month.
  • How much does the average realtor make in NY?
    • $93,951 Real Estate Agent Salary in New York
      Annual SalaryMonthly Pay
      Top Earners$140,617$11,718
      75th Percentile$112,500$9,375
      25th Percentile$73,100$6,091
  • Do buyers pay realtor fees in NY?
    • The Seller Usually Pays Realtor Fees In New York In New York, like every other U.S. real estate market, the homeowner/seller pays the realtor fees out of the proceeds from the sale of the property. This means that they are paying for their agent as well as the agent of the Buyer.
  • What percentage of sales do most realtors make?
    • While realtor commission fees vary regionally, the average seller can expect to pay between 4.45% to 6.34% of the home's final sale price, according to our research. The U.S. average is currently 5.37%. The listing agent usually receives 2.72% of the proceeds.
  • Is it a good time to sell a house on Long Island?
    • From Hempstead to Southampton, home prices have declined across the Strong Island. According to Fed, Interest rates might increase twice in the second half of 2023. By the end of the year, you might have to settle for a much lower selling price. So, if you are ready to sell your house in Long Island, list now.
  • What is the hardest part of the real estate exam?
    • The area of the exam that is considered the most challenging varies from person to person, but many people find that the Practice of Real Estate and Disclosures section is the most difficult. This section takes up 25% of the exam and has between 37-38 questions to answer.
  • What to do after passing VA real estate exam?
    • 6 steps to take after you pass your real estate exam
      1. Step 1: Find a sponsoring broker who is a good fit.
      2. Step 2: Engage in professional real estate organizations.
      3. Step 3: Build your professional profile.
      4. Step 4: Set a timeline for yourself.
      5. Step 5: Budget for future plans.
  • What happens after you pass real estate exam Florida?
    • You can expect your license to be issued, in inactive status, within 7 to 10 business days of passing the exam. An active license will be issued when you submit the licensing information for your supervising broker to the Florida Real Estate Commission.
  • What percent of people pass NC real estate exam?
    • North Carolina Real Estate Exam Prep In fact, according to NCREC, fewer than 40% of applicants who take the state section of the exam without taking a pre-licensing course (because they are licensed in another state) pass the test. What's the best way to prepare?
  • Can you use calculator on PSI exam?
    • A calculator is not required, but PSI does permit you to bring one as long as it is battery-operated, silent, non-printing, and without an alphabetic keypad.
  • What do I need to bring to a real estate salesperson exam in NYC?
    • Your identification MUST BE CURRENT (not expired) and from the following list:
      1. * driver's license.
      2. * state issued identification (ex.
      3. * IDNYC Card (NYC Identification Card)
      4. * military ID.
      5. * United States Passport.
      6. * Employment Authorization Card (issued by U.S. Citizenship and Immigration Services)
  • How much is the PSI real estate exam in Virginia?
    • A $60 You'll need to pay a $60 fee every time you sit for the Virginia Real Estate Exam. With the right planning and preparation, you should only need to take the test once, but keep in mind that the results are only good for one year.
  • What should I wear to my PSI exam?
    • State Board has not set a rule stating that you should wear any one thing. However, when it comes to doing anything involving yourself and salon practices, you will want to make yourself "look the part", which in most cases, is black and/or black and white attire. Tops MUST meet bottoms!

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