How Much Money Does A Real Estate Agent Make An Hour

How Much Money Does A Real Estate Agent Make An Hour In Seattle an agent could make 217 950 in a year if they sell 10 homes 21 795 per home x 10 homes per year Here s a breakdown of an average real estate agent salary in Seattle based on experience level and the 21 795 expected commission per sale Beginner 3 homes 65 385 Intermediate 7 homes 152 565

The average annual salary for a real estate agent in the United States is 94 031 Per month they earn 6 658 on average For the most up to date salary information from Indeed click on the link provided Real estate agents receive income through commissions paid directly to brokers upon successful completion of home sales The exact percentage of the real estate agent s payment or commission should be spelled out in the agent s contract This ensures that the agent gets paid if the property sells

How Much Money Does A Real Estate Agent Make An Hour

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10 Kentucky Real estate agent average salary 55 050 This list is dominated by states of the South and Midwest with two states representing the West Idaho and New Mexico The average real With a 60 40 broker agent split the broker would get 6 750 and the agent would get paid 4 500 In a 70 30 split the broker would earn 7 875 and the agent would earn 3 375 According to the U S Bureau of Labor Statistics the median annual pay for real estate agents was 48 930 in 2019 For brokers the figure was 59 720

Real estate agents make their money from commissions on properties sold So we re not talking about a salary per se but the total take home that a real estate agent makes in a year through commissions Typically the seller of a property pays the entire commission which is generally 6 although that s a percentage that can be Annual salary The median yearly income for real estate agents is 52 030 or about 25 per hour According to the U S Bureau of Labor Statistics brokers with additional responsibilities and licensing earn a bit more with a median of 62 190 Hourly wage The mean hourly wage for all real estate agents is 31 66

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The average Real Estate Sales Agent salary in the United States is 46 014 as of January 26 2024 but the range typically falls between 44 951 and 58 528 Member Profile National Association of REALTORS 2023 The median gross income of REALTORS increased to 56 400 from 54 300 in 2021 New members entering the field can be noted by As of April 2022 the average real estate agent in the United States makes 95 076 per year in the United States according to employment website Indeed The top of the range for our active

Suppose an agent takes a listing on a 200 000 house at a commission rate of 6 This equals a total commission of 12 000 If the house sells for the asking price the listing broker and the Updated June 25 2024 Real estate agents are paid on commission which is typically 5 to 6 of the home sale price The listing agent and selling agent usually split the commission in half but it s ultimately decided by the person selling the home

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How Much Money Does A Real Estate Agent Make An Hour - With a 60 40 broker agent split the broker would get 6 750 and the agent would get paid 4 500 In a 70 30 split the broker would earn 7 875 and the agent would earn 3 375 According to the U S Bureau of Labor Statistics the median annual pay for real estate agents was 48 930 in 2019 For brokers the figure was 59 720