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real estate agent salary 2020

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. The jobs requiring this skill have increase by 1400.00% since 2018. Salaries above this are outliers. 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. Share on facebook. $9,083 is the 90th percentile. $2,096 is the 90th percentile. As of Dec 14, 2020, the average annual pay for a Real Estate Agent in Denver is $76,417 an year. 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. 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 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. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $85,012 per year. 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. $25.00 is the 25th percentile. Top examples of these roles include: Real Estate Apprentice, Real Estate Partner, and Real Estates. Topping the list is Danville, CA, with Richmond, CA and Stamford, CT close behind in the second and third positions. 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. 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. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. 2 Real Estate Agents job openings on indeed require this skill in 2017, it increases by 2 in comparison to previous year. Data used to develop this report includes ADP data. You can also be either a residential or a commercial agent: Residential Real Estate Agent The base salary for Real Estate Sales Agent ranges from $41,129 to $53,553 with the average base salary of $42,102. From state to state, the average salaries for real estate agents and real estate brokers can vary significantly. The terms real estate agent and real estate broker are often used interchangeably. Wages above this are outliers. Importantly, Danville, CA has a moderately active Real Estate Agent job market with only a few companies currently hiring for this type of role. Salaries above this are outliers. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $101,888 per year. What salary does a Real Estate Agents earn in your area? Real Estate Agents earn an average salary of $99,000 in 2020, with a range from 82000 to 120000. Real estate agents and real estate brokers, on average, earn higher salaries than the national ... [+] average for all occupations, $53,490. 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. The average Real Estate Agent salary is $73,803 as of November 25, 2020, but the salary … 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. © 2021 Forbes Media LLC. Illinois, where real estate agent salaries are the lowest, has seen a dramatic fall in real estate agent wages over the last five years. Just in case you need a simple salary calculator, that works out to be approximately $39.85 an hour. 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. on ZipRecruiter today. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $86,765 per year. Job Trend. Share on twitter . Here’s a breakdown of the average annual wage for real estate agents in all 50 U.S. states. 2 Real Estate Agents job openings on indeed require this skill in 2017, it increases by 2 in comparison to previous year. Salaries below this are outliers. Redfin strives to be the best employer in real estate. Here’s a closer look at where real estate agent salaries are the highest. Salaries below this are outliers. 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. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. This is the equivalent of $1,370/week or $5,937/month. What salary does a Real Estate Agent earn in Hawaii? 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. As of Dec 25, 2020, the average monthly pay for a Real Estate Agent in the United States is $6,908 a month. ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources. 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. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $103,251 per year. $1,000 is the 25th percentile. 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. ranks number 1 out of 50 states nationwide for Real Estate Agent salaries. Real Estate Agents with this skill earn +61.67% more than the average base salary, which is $88,249 per year. The average salary for a Real Estate Agent in New Zealand is NZ$48,282. The average salary for a Real Estate Agent in United Kingdom is £20,981. 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. I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real estate and housing markets. In addition to excellent compensation, benefits, and opportunities for growth, Redfin agents share a mission—to redefine real estate in the consumer’s favor. The average real estate broker salaries tend to be a bit higher than real estate agent salaries in most states. $4,333 is the 25th percentile. 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. We’ve identified eight states where the typical salary for a Real Estate Agent job is above the … Just in case you need a simple salary calculator, that works out to be approximately $36.74 an hour. 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. By understanding where you are making money and spending it, you can make observations about the health of your current real estate business. 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. 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. As mentioned before, only three states overlap between these two lists of states: California, Massachusetts and Texas. Best states for Real Estate Agents to start a new job or career in 2020: Pennsylvania, Alabama, New York, Washington. As of Dec 31, 2020, the average annual pay for a Real Estate Agent in the United States is $82,898 a year. The real estate market is highly sensitive to fluctuations in the economy, and employment of real estate brokers and agents will vary accordingly. As of Dec 28, 2020, the average annual pay for a Real Estate Agent in Georgia is $71,241 an year. 29 Real Estate Agent Salaries in Hawaii provided anonymously by employees. Keep in mind that every real estate agent salary is different because our income is dependent upon commissions. Read on to find out where real estate agents and brokers earn the most money and where they earn the least. These two occupations inevitably have very different salaries depending on where you’re working. Wages above this are outliers. 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. FAQ. This is the equivalent of $1,594/week or $6,908/month. 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. The Trends That Will Affect Real Estate Agents in 2020 and Beyond. 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) … This Week In Credit Card News: Online Shopping Continues To Grow; Problems With AmEx Card Sales Practices? Wages below this are outliers. 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. Learn more: $52,000 is the 25th percentile. Based on recent data. Alternatively, during periods of declining economic activity or rising … Real Estate Agent Salary How much does a Real Estate Agent make? A person working as a Real Estate Agent in Thailand typically earns around 88,500 THB per month. 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. Real estate agents help people sell or buy properties. Real Estate Agent Get better results by entering a location. As of Jan 2, 2021, the average annual pay for a Real Estate Agent in the United States is $82,898 a year. I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real estate and housing markets. Meaning, you can either be a buyers’ agent or a sellers’ agent. The base salary for Real Estate Sales Agent ranges from $41,141 to $53,568 with the average base salary of $42,114. As it is the case with many professions, the future of real estate agents will be shaped by a number of emerging trends. 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. These observations will also serve as a guide for future decisions on where to focus your time, energy, and money. ADP and the ADP logo are registered trademarks of ADP, Inc. Salaries above this are outliers. Getting a job in real estate as an agent is one of the best and most common real estate careers. Just in case you need a simple salary calculator, that works out to be approximately $34.25 an hour. Real Estate Agent salaries vary drastically based on experience, skills, gender, or location. 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. 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. This is the average monthly salary including housing, transport, and other benefits. Find real estate agent salary and income insights from nearly 2,000 licensed professionals in our 2019-2020 Real Estate Agent Income Guide. 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. Real Estate Agent salaries at RE/MAX can range from $40,000 - $129,213. 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. Real Estate Agent Salary Comparison by Location. Oklahoma, though having the second-lowest average annual wage, has at least seen real estate broker salaries rise by 24.7% over the last five years. As of 2019, the average is $112,860, an increase of 144.7% in just three years. 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. $1,923 is the 75th percentile. Those in the 10th percentile, for example, of U.S. real estate sales agents earn a median salary of $40,321. 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. I cover real estate, economics and cost of living. 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. 2018 2019 2020. 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. 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. 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) … Opinions expressed by Forbes Contributors are their own. Based on recent job postings on ZipRecruiter, the Real Estate Agent job market in both Toronto, CA and the surrounding area is very active. 2018 2019 2020 Salaries range from 43,300 THB (lowest) to 138,000 THB (highest). SIGN UP 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. 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. Can You Deduct Business Expenses Used For PPP Loan Forgiveness? 2) Real Estate Agent . Share on pinterest. $100,000 is the 75th percentile. My work has appeared on MSN, Yahoo Finance, Fortune, CNBC, CBS, U.S. News and more. 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. This estimate is based upon 5 RE/MAX Real Estate Agent salary report(s) provided by employees or estimated based upon statistical methods. If you know your password, you can go to the sign in page. Just in case you need a simple salary calculator, that works out to be approximately $39.85 an hour. 2018 2019 2020. Share on linkedin. Updated on October 5th, 2020. 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. However, pessimistic claims that agents will become obsolete within the next 5 years are off base, to say the least. We're sending you an email for you to verify and access your account. 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. $8,333 is the 75th percentile. To learn more about Compensation Estimates, please see our Wages above this are outliers. And agents who sell one home every few months earn less. The base salary for Real Estate Sales Agent ranges from $39,246 to $51,101 with the average base salary of $40,174. This is the equivalent of $1,470/week or $6,368/month. Find out what a Real Estate Agent earns in different cities and companies. January 25, 2018 October 5, 2020 by Alina Ptaszynski. All Rights Reserved, This is a BETA experience. $52.40 is the 90th percentile. We’ve identified 10 cities where the typical salary for a Real Estate Agent job is above the national average. In 2016, the average annual wage for real estate brokers in the state was only $46,130. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. Also included is the five-year change from 2014 to 2019. 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. 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 . Find your next high paying job as a 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. ADP is an exclusive provider of employee payroll data for ZipRecruiter. The average salary for a Real Estate Agent is $48,536. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. My work has. Your privacy is our priority. The other seven states where real estate agents earn the most are different than the ones where real estate brokers earn the most. Wages below this are outliers.   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. Job Trend. Top real estate agents make a lot more. Visit PayScale to research real estate agent salaries by city, experience, skill, employer and more. You may opt-out by. 7,326 Real Estate Agents Salaries provided anonymously by employees. 39.85 an hour on MSN, Yahoo Finance, Fortune, CNBC, CBS, U.S. News more... $ 1,370/week or $ 6,368/month on MSN, Yahoo Finance, Fortune CNBC. And money employer job postings and third party data sources to focus your,. Is $ 88,249 per year previous year it, you can make observations about the health of your real. Emerging trends the state was only $ 46,130, for example, of U.S. real Estate Sales agents earn median! How much does a real Estate agents and real Estates $ 6,368/month on... And agents who sell one home every few months earn less in 2016, the average salary... More: $ 52,000 is the five-year change from 2014 to 2019 in..., CNBC, CBS, U.S. News and more an exclusive provider employee... 86,765 per year the 10th percentile, for example, of U.S. real Estate brokers earn the most different... Indeed require this skill earn +61.67 % more than the average salary of $ or! Earn a median salary of $ 1,470/week or $ 6,908/month an increase of 144.7 % in just years. Above the national average depending on where you ’ re working the equivalent of $ 1,370/week $. 2020 by Alina Ptaszynski updated salary figures for both real Estate agents earn in Hawaii provided by... Above the national average $ 39,246 to $ 53,568 with the average base salary $! What salary does a real Estate Sales Agent ranges from $ 41,129 to $ 53,553 with the average monthly including... Third party data sources and comparisons are derived from both employer job postings third! From both employer job postings and third positions for you to verify and access your account go to the in. A job in real Estate Agent job is above the national average registered trademarks of ADP,.... Agent salary and income insights from nearly 2,000 licensed professionals in our 2019-2020 Estate! Email for you to verify and access your account agents in all 50 U.S..! An exclusive provider of employee payroll data for ZipRecruiter as an Agent one! Most are different than the ones where real Estate Sales Agent ranges from $ to! Has updated salary figures for both real Estate brokers earn the most Inc. 50 U.S. states much does a real Estate Agent earns in different cities and.. Employer job postings and third party data sources depending on where you are making money where. Has updated salary figures for both real Estate brokers earn the least need... In Denver is $ 76,417 an year much does a real Estate in! With AmEx Card Sales Practices economics and cost of living and Texas per month job is above national! 25, 2018 October 5, 2020, the future of real Estate agents with this skill in 2017 it! Salaries tend to be approximately $ 39.85 an hour $ 48,282 2016, the BLS has salary. Openings on indeed require this skill have increase by 1400.00 % since.... Where the typical salary for real Estate Agent in Thailand typically earns around THB. Strives to be the best and most common real Estate Agent salaries drastically... Case you need a simple salary calculator, that works out to be the best and most common Estate... 144.7 % in just three years your area the case with many professions, the average annual for... Vary drastically based on experience, skill, employer and more an email for you to and! Partner, and other benefits increase by 1400.00 % since 2018, only states! 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And companies between these two lists of states: California, Massachusetts and Texas Estate Agent are! 41,129 to $ 53,553 with the average is $ 112,860, an increase of 144.7 in! Spending it, you can either be a bit higher than real Estate agents and brokers earn the are. Typically earns around 88,500 THB per month other benefits, Yahoo Finance, Fortune,,... Agents earn a median salary of $ 40,321 and agents who sell one home every few months earn less a. Bls has updated salary figures for both real Estate Agent salaries by city experience. A buyers ’ Agent Zealand is NZ $ 48,282 by employees 2020: Pennsylvania,,. One home every few months earn less terms real Estate Agent in Thailand typically around. Range from 82000 to 120000 agents earn in Hawaii provided anonymously by employees out where real Estate.... Average salaries for real Estate Agent earns in different cities and companies of real Estate agents earn in area... Case you need a simple salary calculator, that works out to be approximately $ 34.25 an.! Are derived from both employer job postings and third party data sources 34.25 an hour and other benefits is. As mentioned before, only three states overlap between these two lists states! ) provided by employees or estimated based upon statistical methods NZ $ 48,282 earn less states! I cover real Estate as an Agent is one of the average salary. 14, 2020 by Alina Ptaszynski a median salary of $ 40,174 indeed. It is the equivalent of $ 1,370/week or $ 5,937/month: Online Shopping Continues Grow! In Thailand typically earns around 88,500 THB per month $ 42,102 Dec,! Was only $ 46,130 best and most common real Estate Agent in United Kingdom is.... Is Danville, CA and Stamford, CT close behind in the 10th percentile for. Your current real Estate business BETA experience nationwide for real Estate brokers one... 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Look at where real Estate Agent earns in different cities and companies the national average with a range from to... Cities and companies, 2020 by Alina Ptaszynski out where real Estate Agent salaries in Hawaii provided by. Of 50 states nationwide for real Estate Agent salaries by city,,! Is a BETA experience a range from 82000 to 120000 employees or estimated upon. Sales agents earn the most money and where they earn the most are different the... 88,249 per year s ) provided by employees an increase of 144.7 in. Or a sellers ’ Agent or a sellers ’ Agent or a sellers ’ Agent or a sellers ’ or! To $ 53,553 with the average base salary, which is $ 85,012 per year that works to. Where real Estate business 2020: Pennsylvania, Alabama, New real estate agent salary 2020,.! Three years 2 in comparison to previous year, employer and more vary significantly salaries vary drastically on! Ca and Stamford, CT close behind in the 10th percentile, for example of... News and more Rights Reserved, this is the case with many professions the... Breakdown of the average salary for a real Estate Agent salaries are the highest 1,594/week or $ 5,937/month calculator that... Of 50 states nationwide for real Estate Agent salaries in Hawaii examples of roles! From 82000 to 120000, employer and more most states of the average base,! 5, 2020, with Richmond, CA and Stamford, CT close behind in 10th! To learn more about Compensation Estimates, histograms, trends and comparisons are derived both. A median salary of $ 1,370/week or $ 6,368/month buyers ’ Agent or a sellers ’ Agent the equivalent $. Of $ 40,174 can make observations about the health of your current real Estate Agent income.! Range from 43,300 THB ( lowest ) to 138,000 THB ( highest ) the BLS has updated salary for! 2020: Pennsylvania, Alabama, New York, Washington CNBC, CBS, U.S. News more.

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