The better agents annually earn more than $100,000 – … For example purposes, we’ll use 2.5%. The average real estate broker salaries tend to be a bit higher than real estate agent salaries in most states. Real estate agents give part of their commission to their brokerage, and that ‘split’ can be anything from a $300 per fee transaction to 30% of the commission (or more). Most agents as well as brokers reported making more money in 2017 than they did in 2016. A real estate agent in the middle of their career might earn somewhere between $60,000 to $80,000 dollars. How much money real estate agents … Let’s take a look. So, how much do real estate agents make per sale? So how much does a real estate agent make? Many agents only work part-time, some people are not able to motivate themselves without a boss, and most agents do not get proper training. The commission split varies from one agent to another, with new agents sometimes earning a smaller percentage of the commission than experienced agents or successful ones who sell more homes or more expensive properties. 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. 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 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. Commissions are negotiable between listing agents and their clients. We’ve identified eight states where the typical salary for a Real Estate Agent job is above … Average incomes for real estate agents can vary based on the source you look at, and if an agent is part-time or full-time. Real estate brokers generally make more on average than a real estate sales agent. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. If you want to maximize your earning potential, you can get licensed as a real estate broker. Based purely on average commissions, about $36,000 – $40,000 per year. That depends on the commissions that are negotiated. That's the average -- so many agents aren't even making that much. 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. It takes money to make money and the real estate agents that become successful, high salary earners do so by building a good reputation through high-level service. Multiply the average sale price in your area by your expected commission rate to see how much you’ll make per house, on average. All Rights Reserved, This is a BETA experience. 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. These two occupations inevitably have very different salaries depending on where you’re working. 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 agent commission is earned based on the sales price of the home; they will receive that commission only after the transaction goes to settlement. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000. However, the sellers will take the agent's commission into account when determining a listing price. Whether you're a buyer or a seller, the professional support of a Realtor® who represents your interests should be worth every dollar of the commission. Many times with the listing agent splitting the commission 50/50. What kinds of factors result in a real estate agent getting paid more or less than this amount? Also included is the five-year change from 2014 to 2019. It's important to note that their salaries can range and typically fall somewhere between $41,208 and $53,656. How much do real estate agents make? © 2021 Forbes Media LLC. For the best experience, please enable cookies when using our site. So the answer to how much do real estate agents make will depend on how much the home sells for. This equals a total commission of $12,000. 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