how much do real estate agentsmake

Discover the earning potential of real estate sales agents in the US as we delve into their income statistics, factors influencing their earnings, and provide insights into this lucrative profession.

Real estate sales agents play a pivotal role in the housing market, assisting clients in buying, selling, and renting properties. If you're considering a career in real estate, it's crucial to understand the earning potential associated with this profession. In this review, we will explore the average income of real estate sales agents in the US, factors that influence their earnings, and highlight key considerations.

Average Income of Real Estate Sales Agents in the US: The income of real estate sales agents in the US varies significantly depending on various factors, including location, experience, market conditions, and individual performance. According to the Bureau of Labor Statistics, the median annual wage for real estate sales agents in the US was $50,730 in May 2020. However, it's important to note that this figure represents the midpoint, and earnings can range from considerably lower to much higher.

Factors Influencing Earnings:

  1. Location: Real estate sales agents in high-demand areas with a thriving housing market, such as
High Paying Real Estate Agent Jobs
  • Real Estate Officer. Salary range: $73,500-$134,500 per year.
  • Commercial Real Estate Agent. Salary range: $67,000-$125,000 per year.
  • Real Estate Rep.
  • Licensed Real Estate Agent.
  • Real Estate Broker.
  • Real Estate Salesperson.
  • Realtor.
  • Real Estate Sales Manager.

How to make $100,000 your first year in real estate?

To make $100,000 a year real estate agents will need to focus on constant lead generation to maintain and grow their database. Taking action on priority tasks, not getting distracted by shiny objects. And be extremely consistent even when busy or when things don't feel like they're working.

How much do realtors make in South Dakota?

As of Oct 21, 2023, the average annual pay for a Real Estate Agent in South Dakota is $78,806 a year. Just in case you need a simple salary calculator, that works out to be approximately $37.89 an hour. This is the equivalent of $1,515/week or $6,567/month.

How much does average realtor make in Ohio?

What is the average salary for a real estate agent in Ohio? The average salary for a real estate agent in Ohio is $32,000 per year. Real estate agent salaries in Ohio can vary between $17,000 to $90,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

Can you be a millionaire from real estate agent?

More importantly, real estate remains a wealth-building tool for the majority of moguls. An estimated ninety percent of millionaires were created through real estate investing.

How much money do most realtors make?

On average, real estate agents make $84,459 per year according to salaries reported by Indeed users.

How to make $1 million as a real estate agent?

If You're Going to Dream, Dream Big (and Plan Even Bigger) Consider what it would take to make $1 million in gross commissions your first year selling real estate (before expenses and taxes). It would involve selling approximately $50 million of real property with an average salesperson commission of 2%.

Frequently Asked Questions

What state has the cheapest property to buy?

20 Cheapest States to Buy a House in the United States in 2023
  • West Virginia – Home Value: $146,578.
  • Mississippi – Home Value: $162,292.
  • Arkansas – Home Value: $178,744.
  • Louisiana – Home Value: $182,959.
  • Oklahoma – Home Value: $188,453.
  • Kentucky – Home Value: $190,037.
  • Iowa – Home Value: $200,038.
  • Ohio – Home Value: $205,800.

Where in Florida is the cheapest real estate?

The cheapest place to live in Florida is Bartow, which is located in central Florida, within about fifty miles of Orlando and Tampa. The median cost of a home in Bartow is about $255,000. You can expect to pay about $1,050 for a one-bedroom apartment in Bartow, significantly below the national and Florida average.

What is the cheapest state to buy land in?

States With Cheapest Land Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre. Mississippi has the third cheapest land in the US with a median price of $10,835 per acre.

What does the average realtor make in Alabama?

How much does a Realtor make in Alabama? As of Oct 23, 2023, the average annual pay for a Realtor in Alabama is $58,675 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.21 an hour. This is the equivalent of $1,128/week or $4,889/month.

FAQ

How long does it take to become a realtor in Ohio?
On average, it takes between two (2) – three (3) months to get an Ohio real estate license depending on the pace in which you complete the 120 hours of pre-licensing courses, pass your licensing examinations, the time it takes you to complete the application process and application processing times.
How much does an average realtor make in Alabama?
The average salary for a real estate agent in Alabama is $28,500 per year. Real estate agent salaries in Alabama can vary between $17,500 to $117,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
Where is the housing market the cheapest right now?
10 Cheapest Housing Markets to Buy a House in the US
  • West Virginia. With a Zillow Home Value Index of $155,148, West Virginia is the most affordable state to buy a house in the US.
  • Mississippi.
  • Oklahoma.
  • Arkansas.
  • Louisiana.
  • Kentucky.
  • Iowa.
  • Kansas.
Where is the cheapest houses in Virginia?
Cheapest Places to Live in Virginia
  • Martinsville. The cheapest place to live in Virginia is Martinsville.
  • Big Stone Gap. The second most affordable place to live in Virginia is Big Stone Gap, which is located in the state's southwestern corner.
  • Bluefield.
  • Covington.
  • Pulaski.
  • Galax.
  • Bristol.
  • Danville.

How much do real estate sales agents make

What is the cheapest real estate to invest in? Top 10 Cheapest States to Buy a Home
  1. West Virginia. With a median home price of just $158,103, West Virginia offers a bargain compared to, well, just about anywhere else in the country.
  2. Mississippi.
  3. Oklahoma.
  4. Louisiana.
  5. Kentucky.
  6. Arkansas.
  7. Iowa.
  8. Ohio.
What does the average realtor make in Wisconsin? On average, real estate agents make $84,459 per year according to salaries reported by Indeed users.
How much can you expect to make from real estate? The average real estate investor salary sits between $70,000 and $124,000, according to most sources. But to be fair, salaries can vary greatly depending on the type of investing you're doing, how many deals you take on per year, the time you devote to it, and a whole slew of other factors.
Can you make $1000000 a year in real estate? If You're Going to Dream, Dream Big (and Plan Even Bigger) Consider what it would take to make $1 million in gross commissions your first year selling real estate (before expenses and taxes). It would involve selling approximately $50 million of real property with an average salesperson commission of 2%.
  • What type of realtors make the most money?
    • The 6 Highest Paying Real Estate Careers with Good Salaries
      • Home Inspector. If you already have a good main job and are looking for a part-time gig to maximize your income, you can work as a home inspector.
      • Real Estate Lawyer.
      • Real Estate Broker.
      • Commercial Real Estate Agent.
      • Property Manager.
      • Corporate Real Estate Manager.
  • How many real estate properties does it take to become a millionaire?
    • 10 rentals Time is your friend when you invest in real estate! If you buy the right rentals, which are great deals, with leverage, you can get to one million dollars of net worth with 10 rentals or less. I have commercial properties that have increased my net worth by more than one million dollars from one property!
  • What are the odds of making it as a realtor?
    • Being a successful real estate agent is easier said than done. After all, there's a reason 87% of real estate agents fail. However, knowing the mistakes these realtors make, such as failing to follow up with clients or not having adequate funding, can help you prepare and grow a successful real estate business.

Leave A Comment

Fields (*) Mark are Required