Yearly Income Real Estate Agent

The national association of realtors nar a popular real estate membership association reports that in 2018 agents earned an average of 41 800.

Yearly income real estate agent. The average real estate agent s salary varies from year to year because pay is based on performance based commission. Topping the list is washington with maryland and nebraska close behind in second and third. One tenth of real estate agents earned less than 23 000 and 10 earned more than 110 000. It is important to note that.

Other factors in real estate earnings. I ve seen various estimates that as many as 75 of new real estate agents fail in their first year. The popular income sourcing site payscale says real estate agents earn an average of 47 910 per year year not cited. Real estate industry earn a median salary of 64 101.

Top real estate agents make a lot more. A real estate agent in your area makes on average 84 862 per year or 1 964 2 more than the national average annual salary of 82 898. We ve identified eight states where the typical salary for a real estate agent job is above the national average. Real estate sales agents earn a median salary of 40 321.

Real estate professionals who are trained as brokers and have experience in the field can out earn agents dramatically. Nebraska beats the national average by 7 3 and washington furthers that trend with another 9 388 10 7 above the 82 898. Ranks number 1 out of 50 states nationwide for real estate agent salaries. Having broker on a business card is worth 58 210 a year which bls says is nearly 10 000 more than.

It s a bit ambitious to expect a first year sales agent to make that kind of money but it s a sign of what real estate salary is possible with time and experience. Some quit completely and others may try part time for a while. According to the bureau of labor statistics the average real estate agent earns 45 990 each year but the range in income is massive. Newer real estate agents will likely sell even fewer houses and have lower incomes.

An entry level real estate agent with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 40 828 based on 82 salaries. Real estate sales agents made a median 44 090 per year in 2016 while the top 10 percent tier earned a whopping 112 570 which isn t too far off what the average lawyer earns. Those in the 10th percentile for example of u s. In fact as of feb.

And agents who sell one home every few months earn less. Department of labor cites the average real estate agent salary around. 26 2020 those in the 90th percentile of the u s.