how much does an average real estate agent make
For example,an average real estate agent working at a national franchise can expect to pull in an average of$82,535annually. On the other hand,real estate agents who report being self-employed earn an average of $106,280 per year. Earnings can be wildly different depending on the brokerage type or employment status.
People also ask
How much does a first year real estate agent make?
According to Simply Hired, first year agents across the entire United States can expect to make an average income of $33,000 ?not bad for an entry level position in an industry that, on average, scales up to a $104,000 salary. But keep in mind that the $33,000 figure is based on the national average.
How much does a real estate broker make?
Nationally, real estate brokers earn an average of $81,450 per year (U.S. Bureau of Labor Statistics), but their compensation structure isn the same as real estate agents. Unlike agents, brokers are often paid a salary.
How much do real estate agents make in Boston?
Boston, with it’s expensive housing market and high real agent commissions, has a much higher average income for real estate agents: the average Boston real estate sales agent makes $65,600 per year, and the average Boston real estate broker makes $103,720 per year, according to the Boston Business Journal.
How much do real estate agents make in Seattle?
Multiply the average sale price in your area by your expected commission rate to see how much you檒l make per house, on average. In Seattle, the median home price is $726,500 (according to Zillow data from May 2019) ?so at a standard 3% commission rate, an agent will make $21,795 per sale ($726,500 per home x 0.03 commission).