Where Do Real Estate Agents Make The Most Money 2022 But while some realtors earn six and even seven figure commissions across the industry salaries vary widely As of April 2022 the average real estate agent in the United States makes 95 076 per
Broker income tends to be slightly higher than real estate agent earnings in the majority of states according to the study Note The BLS data does not have data for 11 states so the information is less complete for brokers Forbes cautions The top 10 states where real estate brokers earn the most money on average New Mexico 112 860 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
Where Do Real Estate Agents Make The Most Money 2022
Where Do Real Estate Agents Make The Most Money 2022
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As of January 2019 the average annual earnings for real estate sales agents was 41 289 according to salary How much money real estate agents make per year however depends on several of 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
West Virginia has the highest real estate agent salary of 111 744 Hawaii has the lowest real estate agent salary of 53 112 The national average salary for real estate agents is 91 788 The national hourly pay for real estate agents is 44 13 You can read more on the specific methodology Background If we take the national average selling price from January 2022 376 278 at a 6 commission amount of 22 500 each broker would earn 11 250 For an agent with a 50 50 split their commission would be 5 625 With a 60 40 broker agent split the broker would get 6 750 and the agent would get paid 4 500
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In 2022 the national average real estate agent s salary was 65 850 according to the U S Bureau of Labor Statistics Some real estate agents make much lower salaries and others earn much higher salaries The average real estate agent s salary fluctuates from year to year because their pay is based on commission Real estate agents earned an average annual salary of 48 930 in 2022 according to the US Bureau of Labor Statistics However their income can vary widely based on factors like location experience and the health of the real estate market Top earners in the field can earn more than 100 000 per year
According to Indeed in California the average real estate agent makes around 102 000 a year Comparatively the average real estate agent earns about 58 000 in Arkansas So a California real estate agent generally expects to make twice as much as someone in Arkansas There are exceptions of course someone dealing with luxury properties Median household income of first time buyers 95 900 Median household income of repeat buyers 111 700 The typical home purchased was 1 860 square feet in size was built in 1985 and had three bedrooms and two bathrooms Among those who financed their home purchase buyers typically financed 85 of the home price
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Where Do Real Estate Agents Make The Most Money 2022 - Even though real estate agents make a nationwide average of 85 793 every agent makes a different salary Salaries can range from 25 000 to over 1 000 000 a year To make more money as a real estate agent you will need to focus on gaining more experience increasing your effort and dedicating more time to your profession