$45,000 to $46,000 yearly
People also ask
How much do Realtors make a year?
On average, members of the National Association of Realtors complete 12 transactions each year. If the average real estate agent earns $5,000 per transaction (after expenses), they would net $60,000 annually. However, these real estate agents have an average of 10 years of experience.
What determines the salary of a real estate agent?
You have to know the 2 main factors that determine salary: How Real Estate Agents Make Money. Most people know that that real estate agents make most of their money from commissions. The commission is a percentage of each home sold, typically 6-7%. Some agents that work for brokerages earn a base salary plus a percentage of the commission.
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).
How much Commission do real estate agents make on a sale?
Commissions are deducted from the proceeds of the sale. Working with an agent might cost you as much as 6% as a home seller, but the agent will only make approximately 1.5% from the sale. Some agents also earn a base salary from their brokerage ?but most work exclusively on commission.