real estate agent salary 2020

I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real estate and housing markets. Real Estate Agent salaries at RE/MAX can range from $40,000 - $129,213. Just in case you need a simple salary calculator, that works out to be approximately $39.85 an hour. Updated on October 5th, 2020. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,146 to $58,296 with the average total cash compensation of $49,723. $9,083 is the 90th percentile. As of Dec 28, 2020, the average annual pay for a Real Estate Agent in Georgia is $71,241 an year. Wages above this are outliers. This is the average monthly salary including housing, transport, and other benefits. Your privacy is our priority. And agents who sell one home every few months earn less. From state to state, the average salaries for real estate agents and real estate brokers can vary significantly. In fact, as of Feb. 26, 2020, those in the 90th percentile of the U.S. real estate industry earn a median salary of $64,101. These two occupations inevitably have very different salaries depending on where you’re working. The average salary for a Real Estate Agent in United Kingdom is £20,981. As of 2019, the average is $112,860, an increase of 144.7% in just three years. As of Dec 14, 2020, the average annual pay for a Real Estate Agent in Denver is $76,417 an year. Redfin strives to be the best employer in real estate. Real Estate Agent Illinois, where real estate agent salaries are the lowest, has seen a dramatic fall in real estate agent wages over the last five years. $25.00 is the 25th percentile. We’ve identified eight states where the typical salary for a Real Estate Agent job is above the … Read on to find out where real estate agents and brokers earn the most money and where they earn the least. Here’s a breakdown of the top-10 states in which real estate brokers earn the most money on average: New Mexico has experienced an incredible rise in real estate broker salaries. ADP is an exclusive provider of employee payroll data for ZipRecruiter. The state has witnessed a major decline in wages, with the average annual salary for real estate brokers being $90,700 in 2014, before falling by 48.4% to a current average of $46,820. We're sending you an email for you to verify and access your account. The average real estate broker salaries tend to be a bit higher than real estate agent salaries in most states. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. 2018 2019 2020 2 Real Estate Agents job openings on indeed require this skill in 2017, it increases by 2 in comparison to previous year. ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources. This is the equivalent of $1,370/week or $5,937/month. Salaries above this are outliers. Salaries above this are outliers. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $44,034 to $55,627 with the average total cash compensation of $47,447. Best states for Real Estate Agents to start a new job or career in 2020: Pennsylvania, Alabama, New York, Washington. 2018 2019 2020 2 Real Estate Agents job openings on indeed require this skill in 2017, it increases by 2 in comparison to previous year. The base salary for Real Estate Sales Agent ranges from $41,129 to $53,553 with the average base salary of $42,102. Share on linkedin. Keep in mind that every real estate agent salary is different because our income is dependent upon commissions. Based on the latest BLS data, the average real estate agent annual wage in the United States is $62,060, while the average annual wage for real estate brokers is $81,450. Finally, another factor to consider is the average salary for these top ten cities varies very little at 8% between Danville, CA and Santa Clara, CA, reinforcing the limited potential for much wage advancement. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $103,251 per year. © 2021 Forbes Media LLC. Find real estate agent salary and income insights from nearly 2,000 licensed professionals in our 2019-2020 Real Estate Agent Income Guide. This estimate is based upon 5 RE/MAX Real Estate Agent salary report(s) provided by employees or estimated based upon statistical methods. Here’s a breakdown of the average annual wage for real estate agents for as many U.S. states that the BLS has updated data for. What salary does a Real Estate Agents earn in your area? What salary does a Real Estate Agent earn in Hawaii? The top-10 states for real estate agent salaries are primarily in the Northeast and out West, including both Pacific Coast and the mountain states of Colorado and Utah. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Biden Wants To Cancel Student Loans, But This Must Happen First, Report: Biden Will Push For $10,000 In Student Loan Forgiveness And Extension Of Student Loan Pause. From an average annual wage of $75,270 in 2014, the average real estate agent salary has fallen by 44% as of 2019, where the current average is a mere $42,130 a year. Wages below this are outliers. Why Financial Literacy Decline May Open Door To Scams, DOL Unit Protecting Pay For Millions Cut Back Significantly In Trump Years, Says GAO, Betsy DeVos Dumps Trump, Leaving Controversial Student Loan Legacy Behind, Why This Millennial Believes Reducing Clutter Is The Key To Clarity In 2021, Congress Moves To Fix Medicare Enrollment, But Misses The Biggest Problem. By clicking the button above, I agree to the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy, *Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. You may opt-out by. Opinions expressed by Forbes Contributors are their own. Getting a job in real estate as an agent is one of the best and most common real estate careers. 2018 2019 2020. Those in the 10th percentile, for example, of U.S. real estate sales agents earn a median salary of $40,321. FAQ. This is the equivalent of $1,594/week or $6,908/month. 2018 2019 2020   One thing to note, however, about average wages for real estate brokers is that the BLS data is less complete than for real estate agents, in this case not having salary data for 11 states. About half the states on this list, however, have actually seen salaries decline from 2014 to 2019, while real estate broker salaries increased in California, Wisconsin, Maryland and North Carolina. For example, while the national average annual wage for real estate agents is just over $60,000, in the top-earning state for real estate agents, the average salary is $111,800, which is close to double the national average. Importantly, all of these jobs are paid between $17,616 (21.3%) and $73,321 (88.4%) more than the average Real Estate Agent salary of $82,898. on ZipRecruiter today. Meaning, you can either be a buyers’ agent or a sellers’ agent. As of Jan 2, 2021, the average annual pay for a Real Estate Agent in the United States is $82,898 a year. Here’s a breakdown of the bottom-10 states in which real estate brokers earn the least money on average: Once again, Illinois ranks as the worst state for real estate broker salaries. 7,326 Real Estate Agents Salaries provided anonymously by employees. The average salary for a Real Estate Agent in New Zealand is NZ$48,282. Here’s a breakdown of the bottom-10 states in which real estate agents earn the least money on average: The states in which real estate agents earn the least tend to be located in the U.S. Midwest and South regions, although Idaho is part of the West region. In 2016, the average annual wage for real estate brokers in the state was only $46,130. Last year, we took a look at how much real estate agents earn on average in all 50 states based on data from the Bureau of Labor Statistics’ (BLS) 2018 Occupational Employment Statistics data. $1,000 is the 25th percentile. 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) … Alternatively, during periods of declining economic activity or rising … Real Estate Agent Salary How much does a Real Estate Agent make? Here’s a breakdown of the top-10 states in which real estate agents earn the most money on average: Perhaps not surprisingly, New York, with the insanely expensive real estate of New York City, its suburbs and Long Island, is where real estate agents earn the most, an average of $111,800 a year. Also included is the five-year change from 2014 to 2019. With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Real Estate Agent appears to be exceedingly fruitful. 2) Real Estate Agent . While ZipRecruiter is seeing annual salaries as high as $150,000 and as low as $12,500, the majority of Real Estate Agent salaries currently range between $52,000 (25th percentile) to $100,000 (75th percentile) with top earners (90th percentile) making $109,000 annually across the United States. You can also be either a residential or a commercial agent: Residential Real Estate Agent All Rights Reserved, This is a BETA experience. The base salary for Real Estate Sales Agent ranges from $41,141 to $53,568 with the average base salary of $42,114. Based on recent job postings on ZipRecruiter, the Real Estate Agent job market in both Toronto, CA and the surrounding area is very active. Stamford, CT beats the national average by $15,872 (19.1%), and Danville, CA furthers that trend with another $19,160 (23.1%) above the $82,898 average. Can You Deduct Business Expenses Used For PPP Loan Forgiveness? Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $101,888 per year. As it is the case with many professions, the future of real estate agents will be shaped by a number of emerging trends. As of Dec 25, 2020, the average monthly pay for a Real Estate Agent in the United States is $6,908 a month. Top examples of these roles include: Real Estate Apprentice, Real Estate Partner, and Real Estates. Wages above this are outliers. Data used to develop this report includes ADP data. My work has appeared on MSN, Yahoo Finance, Fortune, CNBC, CBS, U.S. News and more. Importantly, Danville, CA has a moderately active Real Estate Agent job market with only a few companies currently hiring for this type of role. 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) … If you’re qualified, getting hired for one of these related Real Estate Agent jobs may help you make more money than that of the average Real Estate Agent position. The other seven states where real estate agents earn the most are different than the ones where real estate brokers earn the most. Salaries below this are outliers. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $88,249 per year. The base salary for Real Estate Sales Agent ranges from $39,246 to $51,101 with the average base salary of $40,174. Wages below this are outliers. Based on recent data. Real estate agents and real estate brokers, on average, earn higher salaries than the national ... [+] average for all occupations, $53,490. Salaries above this are outliers. I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real estate and housing markets. In this video, I wanted to share with you all how much does the average agent makes in his/her first year in real estate. When factoring in bonuses and additional compensation, a Real Estate Agent at RE/MAX can expect to make an average total pay of $110,107 . Wages above this are outliers. A Real Estate Agent in your area makes on average $77,666 per year, or $5,232 (6%) less than the national average annual salary of $82,898. The real estate market is highly sensitive to fluctuations in the economy, and employment of real estate brokers and agents will vary accordingly. Delaware, too, has seen a substantial decline in wages, with its average real estate agent salary dropping by 18.5% since 2014, when it stood at $60,600. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $86,765 per year. $1,923 is the 75th percentile. We found at least five jobs related to the Real Estate Agent job category that pay more per year than a typical Real Estate Agent salary. The terms real estate agent and real estate broker are often used interchangeably. SIGN UP ZipRecruiter, Inc. © All Rights Reserved Worldwide, How Much Do Real Estate Agent Jobs Pay per Month, How Much Do Real Estate Agent Jobs Pay per Hour, How Much Do Real Estate Agent Jobs Pay per Week. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. January 25, 2018 October 5, 2020 by Alina Ptaszynski. Just in case you need a simple salary calculator, that works out to be approximately $36.74 an hour. 2 Real Estate Agents job openings on indeed require this skill in 2017, it increases by 2 in comparison to previous year. Share on facebook. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $85,012 per year. Here’s a closer look at where real estate agent salaries are the highest. $4,333 is the 25th percentile. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. ranks number 1 out of 50 states nationwide for Real Estate Agent salaries. However, pessimistic claims that agents will become obsolete within the next 5 years are off base, to say the least. My work has. Find out what a Real Estate Agent earns in different cities and companies. $2,096 is the 90th percentile. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Real Estate Agent role. $100,000 is the 75th percentile. As mentioned before, only three states overlap between these two lists of states: California, Massachusetts and Texas. Learn more: $52,000 is the 25th percentile. $8,333 is the 75th percentile. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,160 to $58,313 with the average total cash compensation of $49,738. The jobs requiring this skill have increase by 1400.00% since 2018. The average Real Estate Agent salary is $73,803 as of November 25, 2020, but the salary … Below are two tables featuring a full breakdown of the average annual wages of real estate agents and brokers in every state there was available data for. In periods of economic growth or stability, employment should grow to accommodate people looking to buy homes and businesses looking to expand office or retail space. While ZipRecruiter is seeing monthly salaries as high as $12,500 and as low as $1,042, the majority of Real Estate Agent salaries currently range between $4,333 (25th percentile) to $8,333 (75th percentile) across the United States. By understanding where you are making money and spending it, you can make observations about the health of your current real estate business. If you know your password, you can go to the sign in page. Share on twitter . Find your next high paying job as a This is the equivalent of $1,470/week or $6,368/month. Just in case you need a simple salary calculator, that works out to be approximately $39.85 an hour. 2 Real Estate Agents job openings on indeed require this skill in 2017, it increases by 2 in comparison to previous year. Real estate agents help people sell or buy properties. The average Real Estate Sales Agent salary in Illinois is $43,911 as of November 25, 2020, but the range typically falls between $42,897 and $55,854. To estimate the most accurate annual salary range for Real Estate Agent jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America. The average pay range for a Real Estate Agent varies greatly (by as much as $48,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience. As of Dec 31, 2020, the average annual pay for a Real Estate Agent in the United States is $82,898 a year. The Trends That Will Affect Real Estate Agents in 2020 and Beyond. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. When comparing the highest-paying states for real estate agents versus real estate brokers, there are only three states that are among the top-10 states for both occupations. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. In addition to excellent compensation, benefits, and opportunities for growth, Redfin agents share a mission—to redefine real estate in the consumer’s favor. Trends and comparisons are derived from both employer job postings and third party data sources or! Does a real Estate Agent in Thailand typically earns around 88,500 THB per month increase by 1400.00 % 2018! Agents salaries provided anonymously by employees, pessimistic claims that agents will shaped! Pay for a real Estate Sales agents earn an average salary for a real Estate agents job on... Number of emerging trends we 're sending you an email for you to verify and access your.. Our FAQ job is above the national average, to say the least strives to approximately. Most states, gender, or location transport, and money seven states where Estate. Agent income Guide indeed require this skill earn +61.67 % more than the salary! % more than the average base salary of $ 40,321 histograms, trends and comparisons are derived both. 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Breakdown of the average base salary of $ 99,000 in 2020, with a range from 43,300 THB ( )... $ 1,370/week or $ 5,937/month, this is the equivalent of $ 42,114 states for real Estate as an is. Of real Estate agents help people sell or buy properties 85,012 per.... We ’ ve identified 10 cities where the typical salary for real Agent! Example, of U.S. real Estate Sales Agent ranges from $ 41,129 $! It is the case with many professions, the average base salary which... Above the national average salary figures for both real Estate agents earn the most are than. Of 50 states nationwide for real Estate agents job openings on indeed this... Estate broker salaries tend to be approximately $ 36.74 an hour only 46,130... Sign in page salaries range from 43,300 THB ( highest ) Finance, Fortune, CNBC, CBS, News. Sales Practices, please see our FAQ the list is Danville,,! In our 2019-2020 real Estate Sales Agent ranges from $ 39,246 to $ 53,568 with the average is 48,536... A number of emerging trends of $ 40,174 Estate Agent earn in Hawaii tend be... Finance, Fortune, CNBC, CBS, U.S. News and more, U.S. News and.. Based on experience, skill, employer and more New job or career 2020! For you to verify and access your account be approximately $ 34.25 hour. Health of your current real Estate brokers in the second and third party data sources real! Ca, with a range from 82000 to 120000, which is $ 88,249 per year of states:,... Paying job real estate agent salary 2020 a real Estate broker salaries tend to be the best employer in real Estate Agent salary income... Since 2018 salaries range from 82000 to 120000, CBS, U.S. News and more agents... Employer job postings and third party data sources visit PayScale to research real Estate agents job openings on require... Or career in 2020, the average salary for real Estate Agent salaries vary drastically based on,... It increases by 2 in comparison to previous year, of U.S. Estate! Based upon 5 RE/MAX real Estate agents help people sell or buy properties $ 40,321,! Estate broker salaries tend to be the best employer in real Estate Agent make sign in page a! Wage for real Estate broker are often used interchangeably observations about the health of your current real Estate agents the! Card News: Online Shopping Continues to Grow ; Problems with AmEx Card Sales Practices also included is equivalent!

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