If you’re in the real estate business, you’re probably wondering, “What is the average real estate agent salary?” The good news by Del Aria Team real estate agent fairfax va definition is that real estate agents can earn much more than the national average. The key is to know how to maximize your marketing dollars, get quality leads, win real estate listings, and stay on top of industry best practices.
Average real estate agent salary
The average real estate agent salary varies by state and city. The highest average is in Los Angeles, California, where agents earn more than $10,000 a year. Agents in Detroit, Michigan, and Chicago earn closer to the national average, earning up to $101,415 a year. In New Jersey, agents make an average of $109,031 a year. Newark and Jersey City agents make about $115,550. Agents in Chicago make about 8% more than the national average, making them one of the highest-paid real estate agents.
While most real estate agents earn less than $61,000 a year, some earn up to $150,000 a year. Agents who work less than 20 hours a week earn approximately $32,000, while those who work 50 to 60 hours a week earn more than $107,500.
Average real estate agent salary in the United States
The average real estate agent salary in the United States varies by state. The highest salaries are in the Northeast and the West, while the lowest are found in Illinois. The average salary for a real estate agent is $9,317 per month in New York, and $3,511 per month in Illinois. In contrast, real estate agents in Puerto Rico earn an average of only $2,756 per month.
In North Carolina, the average real estate agent salary is $60,957, which is enough to support a reasonably comfortable life. However, the state’s flat 5.25% income tax means that North Carolina real estate agents make less than their counterparts on the East or West coast.
Average real estate agent salary in Texas
In Texas, the average real estate agent salary is $62,664 per year or $30 per hour. This salary is 13% above the national average. This job typically requires at least a high school diploma. The average pay is based on the ERI’s survey of real estate agents in different states. It also takes into account the cost of living, such as property taxes and gasoline.
A Texas real estate license is required for the job. As a real estate agent, you’ll earn a commission based on the number of sales that you make. However, new agents may have to split their commission with the buyer’s agent. The majority of real estate agents receive their pay through a listing agreement. In this case, the listing brokerage shares the commission with a brokerage representing the buyer.
Average real estate agent salary in New York
Real estate agents don’t earn a base salary, instead they live off commissions. A typical commission will range between one and five percent of a listing’s sales price. The commission is split between the agent and broker. Sometimes the commission will be in the form of a monthly flat fee, or it can be an agreed percentage off the purchase price. Real estate agent salaries vary greatly from state to state. The average salary in New York is $9,317 per month.
In New York City, an average real estate agent makes $87,000 per year, which is slightly above the national average. However, in New York, top producers earn more. Some top producers make up to $200,000 a year.
Average real estate agent salary in Massachusetts
In Massachusetts, you can expect to earn more than $60,000 a year as a real estate agent. This salary is almost double the national average. The state’s real estate industry is booming, and single-family homes and condos are hitting record highs. The state is also home to some of the most expensive real estate in the country, so a great salary is certainly within reach for an agent.
Real estate agents in Massachusetts earn an average gross salary of $77,138 per year, or $37 per hour. Their average bonus is $11,517 per year. In Boston, MA, the highest paid agents make over $97,092 annually. The salary data for this position is based on salary surveys conducted by ERI, and cost of living data such as property taxes and gasoline prices.
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