How Much Do Real Estate Agents Make In A Year?

How Much Do Real Estate Agents Make In A Year?
by John Carlucci - October 12, 2021,

According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year. The range in income is massive, though. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000.

A real estate agent is a licensed and experienced professional representing buyers or sellers in real estate transactions. They are responsible for marketing and selling homes, negotiating contracts, and helping to close the deal. 

A real estate agent is an important part of the home-buying process. They are there to help you understand the market, negotiate on your behalf, and guide you through every step of buying or selling your home. Real estate agents can also help you find your dream home by showing you listings and answering questions about neighborhoods.

Real estate agents typically work on commission, which means they only get paid when they sell your home. The average commission rate is 6%. The average salary varies depending on where they work, which property they sell, and the amount of experience under their belt. However, it can range from $30k to $100k per year. 

In addition to that, there are other benefits such as commissions and bonuses that can add up quickly if you work hard enough for them. Considering all these things, together with the fact that real estate agents usually don't need any formal education or training,  it's easy to see why many people dream about being one.

People always choose an agent who has experience in their local market, so they know what property values are and how much homes typically cost in different areas around town. People also tend to hire someone who will be responsive when they need them most.

If you want to learn more about real estate agents and their earnings, visit Prudential Cal’s blog section.

MOST RECENT
Navigating Change with Ease The Role of Professional Moving Companies
Navigating Change with Ease: The Role of Professional Moving Companies
Moving to a new home or office can be an exciting chapter in one's life, symbolizing change, growth, and new opportunities. However, the process of relocating can also be a daunting task, filled with challenges and stress. This is where ...
How to Ensure Your Rental is Well Looked After
How to Ensure Your Rental is Well Looked After
Unfortunately, rental properties get ruined much quicker than others. This is because nobody is going to treat your property as well as you will. You’ve put your time and energy into securing this piece of real estate, so it’s only ...
How to Stage Your Real Estate to Appeal to Families
How to Stage Your Real Estate to Appeal to Families
The average age of an American home buyer is 36, which means the chances of them bringing a family along for the ride are high. This is essential information if you are selling your home, as this demographic has distinct ...
Paying For an Unexpected Home Repair
Paying For an Unexpected Home Repair
Imagine you're journeying across the high seas, every bit of the expansive horizon matching the thrill of discovery. Suddenly, an unexpected storm hits, threatening to sink your ship. This precarious situation mirrors an unexpected home repair: an unforeseen circumstance disrupting ...
What Every Homeowner Should Know About Patio Privacy Screens
What Every Homeowner Should Know About Patio Privacy Screens
Are you in the market for a patio privacy screen but don't know where to start? This guide will take you through everything you need to know about patio privacy screens, from choosing the right material to installation and maintenance. ...
1 2 3 84
logo
Prudential Cal strives to provide the most detailed information about the real estate industry. We assist people in making the best decisions possible by offering unique insights into the global real estate market and advice for both homebuyers and sellers.
Quicklinks
Additional Information
Copyright © 2023 Prudential Cal. All Rights Reserved.
DMCA.com Protection Status
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram