Past two years brought serious changes into the job market and the trends inspired by the global pandemic seem not to be going anywhere. The disruption in the mode of working made us build our offices at homes and also seek for self-reliant ways of earning a living, making contract, project or commission-based work more appealing than ever. The career as a real estate agent seems to give you everything from flexibility to satisfactory income, making it attractive for professionals tired of their 9 to 5 jobs. On the other hand, the situation in the market makes many real estate agents seriously rethink their career path. In April 2022, the industry observed a significant drop of interest caused by astronomical prices of houses and mortgages that are not only rising in rates, but also getting more difficult to take out. But will these factors refrain people from seeking new properties? Definitely not. Despite the situation in the housing market, people move houses more often compared to past years. Reasons vary: some people search for tax friendly locations, better job opportunities, others need to downgrade due to worse economic conditions or want to live closer to their family. The pandemic had its influence, too - remote workers’ addresses don’t depend on the employer's office location anymore.
Past two years brought serious changes into the job market and the trends inspired by the global pandemic seem not to be going anywhere. The disruption in the mode of working made us build our offices at homes and also seek for self-reliant ways of earning a living, making contract, project or commission-based work more appealing than ever. The career as a real estate agent seems to give you everything from flexibility to satisfactory income, making it attractive for professionals tired of their 9 to 5 jobs. On the other hand, the situation in the market makes many real estate agents seriously rethink their career path. In April 2022, the industry observed a significant drop of interest caused by astronomical prices of houses and mortgages that are not only rising in rates, but also getting more difficult to take out. But will these factors refrain people from seeking new properties? Definitely not. Despite the situation in the housing market, people move houses more often compared to past years. Reasons vary: some people search for tax friendly locations, better job opportunities, others need to downgrade due to worse economic conditions or want to live closer to their family. The pandemic had its influence, too - remote workers’ addresses don’t depend on the employer's office location anymore.
Past two years brought serious changes into the job market and the trends inspired by the global pandemic seem not to be going anywhere. The disruption in the mode of working made us build our offices at homes and also seek for self-reliant ways of earning a living, making contract, project or commission-based work more appealing than ever. The career as a real estate agent seems to give you everything from flexibility to satisfactory income, making it attractive for professionals tired of their 9 to 5 jobs. On the other hand, the situation in the market makes many real estate agents seriously rethink their career path. In April 2022, the industry observed a significant drop of interest caused by astronomical prices of houses and mortgages that are not only rising in rates, but also getting more difficult to take out. But will these factors refrain people from seeking new properties? Definitely not. Despite the situation in the housing market, people move houses more often compared to past years. Reasons vary: some people search for tax friendly locations, better job opportunities, others need to downgrade due to worse economic conditions or want to live closer to their family. The pandemic had its influence, too - remote workers’ addresses don’t depend on the employer's office location anymore.
Past two years brought serious changes into the job market and the trends inspired by the global pandemic seem not to be going anywhere. The disruption in the mode of working made us build our offices at homes and also seek for self-reliant ways of earning a living, making contract, project or commission-based work more appealing than ever. The career as a real estate agent seems to give you everything from flexibility to satisfactory income, making it attractive for professionals tired of their 9 to 5 jobs. On the other hand, the situation in the market makes many real estate agents seriously rethink their career path. In April 2022, the industry observed a significant drop of interest caused by astronomical prices of houses and mortgages that are not only rising in rates, but also getting more difficult to take out. But will these factors refrain people from seeking new properties? Definitely not. Despite the situation in the housing market, people move houses more often compared to past years. Reasons vary: some people search for tax friendly locations, better job opportunities, others need to downgrade due to worse economic conditions or want to live closer to their family. The pandemic had its influence, too - remote workers’ addresses don’t depend on the employer's office location anymore.
How much do real estate agents earn?
Real estate agents’ salary is normally commission-based. It means working under a brokerage firm, one does not earn an average base salary, but gets a percentage (typically 1-5% of the property listing price) of the closed deals. The commission is split between the agent and the broker.
We’ve taken a closer look at real estate agents’ salaries in 2022. Given the profession’s non-uniform character, it is hard to give an exact number - the earnings differ depending on the state, experience, network, and whether it's a buyer’s or seller’s market. However, the national average real estate agent salary in 2022 has reached $104,172.
Real estate agent salary without commission
Typically, most real estate agents don’t earn a base salary. They live off commissions which definitely calls for thoughtfulness when it comes to planning professional and family expenses.
Real estate agent salary with commission
Agents earn a percentage of the sold listing, usually it is between 1 and 5% of the listing price. The commission is then divided between the agent and the broker they work for - either by a monthly flat fee, or by the agreed percentage off purchase. The salaries differ from state to state: recently, real estate agents from New York City enjoy the highest income ($120,668 per year), while the professionals from states like Louisiana, Kentucky and Maine make less the national average.
Real estate agent salary with college degree
College degree may help you earn more in many career paths, but real estate business is not one of them. What helps you increase your sales is your experience and top skills at network building. The more people you know and the more transactions you close, the more clients you are going to get. Education is very important and the knowledge gained at your college, university or at your license course will help you along the way, but it is relationships and practical knowledge that will put bread on the table. So how to build a network? Marketing knowledge and effective selling skills will definitely help you reach more people and making satisfactory money. Check out Placester Marketing Academy where you will find interviews, podcasts, articles and ebooks that will help you focus on the right matters and make more money by using your full potential!
How much can you earn being a part-time real estate agent?
Many people decide to get their real estate license and pursue a career in the industry part-time before they get into the business with both feet. According to the survey conveyed by The Close, part-time real estate professionals make $24,556 annually.
Highest paid real estate agent salary
In 2022, top earners in the business will make around $137,181.
Average salary of real estate agent
As in every other career, real estate agents’ salaries differ depending on the agreed commission split, the state they operate in, as well as the city. Below you will find average income in 30 most searched for states and cities in the country.
Real estate agent salary: Florida
The average salary in Florida in 2022 was $100,233. Miami, Fort Lauderdale and Orlando were the highest paying cities.
Real estate agent salary: Texas
Real estate agents in Texas can make the same as the national average, i.e. $104,062. In 2022, the best cities for lucrative operations were Dallas, Texas and Houston.
Real estate agent salary: California
In 2022 agents in California made 8% more than the national average, i.e. $112,881. The highest earnings were reported in Los Angeles, San Diego and Sacramento.
Real estate agent salary: New York State
Agents in New York made $111,487 on average, which means as much as 7% more than the national average.
Real estate agent salary: Ohio
An average agent in Ohio makes $100,454 as for 2022. Cities like Columbus, Cleveland and Cincinnati.
Real estate agent salary: Georgia
Agents in Georgia earn on average $102,537.
Real estate agent salary: Los Angeles
California's most populated city Los Angeles is a great location for agents - they earn 10% more than the national average, i.e. $114,212 per year.
Real estate agent salary: Houston
Agents who worked in the Texan metropolis, Houston, saw the average income of $106,348 annually.
Real estate agent salary: Michigan
Agents operating in Michigan made on average $101,415.
Real estate agent salary: Illinois
The average annual salary in Chicago is $106,659. The highest paying cities in 2022 have been Chicago and Oak Brook.
Real estate agent salary: New Jersey
New Jersey agents earn roughly $109,031. Those who closed their deals in New Jersey City and Newark can make as much as $115,553.
Real estate agent salary: Chicago
Agents working in the capital of Illinois, Chicago, can earn 8% more than the national average. As for 2022, the annual average is $112,998.
Real estate agent salary: Arizona
Arizona’s most lucrative cities were Phoenix, Scottsdale and Tempe. On average, agents working in this location earn $104,214.
Real estate agent salary: Maryland
Average salary in Maryland is $108,590. Agents who work in Bethesda can expect to earn almost $117,000 per year.
Real estate agent salary: Alabama
Real estate agents in Alabama are paid $99,268 annually on average.
Real estate agent salary: Colorado
Agents in Colorado make around $108,103 on average. Those who operate in Denver, Englewood and Wesminister will enjoy the highest salaries in the state.
Real estate agent salary: Pennsylvania
For agents in Pennsylvania, average earnings are in line with the national average - around $103,417.
Real estate agent salary: Miami
The coastal metropolis Miami allows agents to earn $103,337 on average.
Real estate agent salary: North Carolina
Agents who work in North Carolina make roughly $101,852 annually. The highest income is observed in the state’s most populated cities: Charlotte, Raleigh and Greensboro.
Real estate agent salary: Tennessee
In Tennessee, agents’ salary revolves around $100,039 per year.
Real estate agent salary: Wisconsin
In Wisconsin, agents earn $100,808 per year on average. The cities with the highest income in the real estate industry are Milwaukee, Madison and Waukesha.
Real estate agent salary: Kentucky
In 2022, Kentucky has been among the lowest-paying states for real estate agents. The average annual income is $96,736 which makes 7% below the national average.
Real estate agent salary: Louisiana
Similarly, agents in Louisiana report salaries below the national average: $98,616 annually.
Real estate agent salary: San Francisco
San Francisco allows agents to make 22% more than the national average. Annually, real estate agents are paid $127,067.
Real estate agent salary: San Antonio
San Antonio is the 6th best-paid city in Texas. Annual remuneration for agents operating there is $101,224 on average.
Real estate agent salary: Minnesota
The average annual salary in Minnesota amounts to $105,174 as for 2022.
Real estate agent salary: Oklahoma
Agents in Oklahoma make on average $96,738. The highest paying cities are Oklahoma City, Geronimo and Tulsa.
Real estate agent salary: Nebraska
Real estate agents in Nebraska earnings revolve around the national average, i.e. $99,233. Agents from Omaha, Valparaiso and Lincoln reported the highest salaries in the state.
Real estate agent salary: Mississippi
Mississippi is among the lowest-paying states when it comes to the real estate industry. The average in 2022 has been $94,264 on average.
Real estate agent salary: Boston
Agents who work in the capital of Massachusetts, Boston, can expect to make as much as $118,891 per year, which is 10% above the average.
Take your income to the next level
It takes time, hard work and consistency to be among top sellers in a city or a state. There are, however, some steps you can take right now in order to increase your earnings and client portfolio. First of all, build your personal brand. Social media such as Facebook, Instagram and TikTok are your best buddies when it comes to reaching Millenials and Gen Z. Getting education in using those platforms will help you be seen and present your listings to a wider audience and build your network. Your online presence might be a game changer in your career and for that reason it is worth having a professional, user-friendly website that will make it easier to reach you out on the internet.
Estimating your earnings, remember to check your spendings and taxes and set aside a cash buffer in case of unexpected expenses. Keeping track of spendings will help you eliminate the unnecessary ones and direct your budget into activities that bring results.
Past two years brought serious changes into the job market and the trends inspired by the global pandemic seem not to be going anywhere. The disruption in the mode of working made us build our offices at homes and also seek for self-reliant ways of earning a living, making contract, project or commission-based work more appealing than ever. The career as a real estate agent seems to give you everything from flexibility to satisfactory income, making it attractive for professionals tired of their 9 to 5 jobs. On the other hand, the situation in the market makes many real estate agents seriously rethink their career path. In April 2022, the industry observed a significant drop of interest caused by astronomical prices of houses and mortgages that are not only rising in rates, but also getting more difficult to take out. But will these factors refrain people from seeking new properties? Definitely not. Despite the situation in the housing market, people move houses more often compared to past years. Reasons vary: some people search for tax friendly locations, better job opportunities, others need to downgrade due to worse economic conditions or want to live closer to their family. The pandemic had its influence, too - remote workers’ addresses don’t depend on the employer's office location anymore.
Past two years brought serious changes into the job market and the trends inspired by the global pandemic seem not to be going anywhere. The disruption in the mode of working made us build our offices at homes and also seek for self-reliant ways of earning a living, making contract, project or commission-based work more appealing than ever. The career as a real estate agent seems to give you everything from flexibility to satisfactory income, making it attractive for professionals tired of their 9 to 5 jobs. On the other hand, the situation in the market makes many real estate agents seriously rethink their career path. In April 2022, the industry observed a significant drop of interest caused by astronomical prices of houses and mortgages that are not only rising in rates, but also getting more difficult to take out. But will these factors refrain people from seeking new properties? Definitely not. Despite the situation in the housing market, people move houses more often compared to past years. Reasons vary: some people search for tax friendly locations, better job opportunities, others need to downgrade due to worse economic conditions or want to live closer to their family. The pandemic had its influence, too - remote workers’ addresses don’t depend on the employer's office location anymore.
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