Real Estate Sales Agents Salary 2017: How Much Money Do They Make

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hourly pay for Real Estate Sales Agents
do Real Estate Sales Agents make a lot of money

Real Estate Sales Agents

Other names for this job might include Agent, Agricultural Real Estate Agent, Apartment Leasing Agent, Apartment Rental Agent, Associate Broker, Broker Associate, Broker in Charge, Building Consultant, Buyers’ Agent, Closing Agent


  • $59360
    Salary
  • 69%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B



How Much Successful Real Estate Sales Agents Make In 2017


In this salary guide, you will find out how much do Real Estate Sales Agents make.

After reading this, you will be able to make a decision if working as a Real Estate Sales Agent will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$59360 per year

Hourly wage
$28.540 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Real Estate Sales Agents make per year and what is their hourly wage.

According to BLS, the average annual salary of Real Estate Sales Agents is $59360. Their salary can also be as low as $22230 if you’re still a newbie with no experience to over $112570 if you have a ton of experience under your belt.

The typical hourly pay is $28.540 and can range from $10.690 to $54.120 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Real Estate Sales Agent will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
B

We wanted to make it easy for our readers to compare the salary of A Real Estate Sales Agent to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Real Estate Sales Agents make with other careers, they have a salary rank of B.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$54.120$112570
Senior (Top 25%)$34.160$71060
Middle (Mid 50%)$21.200$44090
Junior (Bottom 25%)$14.390$29940
No experience (Bottom 10%)$10.690$22230


Entry-level Real Estate Sales Agents who starts out at $29940 can expect to make $44090 after 3-5 years of experience in the field.

The bottom 10% makes less than $10.690 per hour while the top 10% makes over $54.120 per hour.

While the median wage is $44090 per annum or $21.200 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Pipeline Transportation44.1291770
Pipeline Transportation of Natural Gas43.6990880
Legal Services43.1689770
Transportation and Warehousing39.481950
Oil and Gas Extraction38.8680820
Mining38.1279280
Federal Executive Branch37.578000
Federal government, including the US Postal Service37.578000
Other Professional, Scientific, and Technical Services37.0277000
Business, Professional, Labor, Political, and Similar Organizations36.9176780
Other Services (except Federal, State, and Local Government)35.5273880
Religious, Grantmaking, Civic, Professional, and Similar Organizations35.5273880
Electric Power Generation, Transmission and Distribution35.4873800
Utilities34.9472670
Rail Transportation34.8472470
Depository Credit Intermediation34.471550
Support Activities for Mining33.870310
Management of Companies and Enterprises33.870290
Natural Gas Distribution33.7770250
Advertising, Public Relations, and Related Services33.6670010
Other Support Services32.8768380
Engineering Services32.5867770
Federal, State, and Local Government32.3767330
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service32.3767330
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service32.3567280
Professional, Scientific, and Technical Services32.166770
Securities, Commodity Contracts, and Other Financial Investments and Related Activities31.6665850
Architectural, Engineering, and Related Services31.565520
Educational Services (including private, state, and local government schools)31.365110
Other Amusement and Recreation Industries31.2364970
Other Financial Investment Activities31.2364950
Arts, Entertainment, and Recreation30.9464350
Amusement, Gambling, and Recreation Industries30.9464350
Construction of Buildings30.864050
Residential Building Construction30.5363500
Construction30.0262440
Social Advocacy Organizations28.8560000
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)28.4259100
Credit Intermediation and Related Activities28.2258690
Local government, including schools and hospitals28.158440
Local Government, excluding schools and hospitals28.0958430
Finance and Insurance27.8457910
Land Subdivision27.6157420
Heavy and Civil Engineering Construction27.5957380
State Government, excluding schools and hospitals27.5557310
State government, including schools and hospitals27.5457270
Offices of Real Estate Agents and Brokers27.156360
Insurance Carriers26.9356020
All industries26.755530
Information26.6855500
Power and Communication Line and Related Structures Construction26.6555430
Nursing and Residential Care Facilities26.6255370
All industries, private ownership only26.4955090
Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly26.3654820
Utility System Construction26.3354770
Activities Related to Credit Intermediation26.1854450
Traveler Accommodation26.154290
Real Estate25.7253490
Real Estate and Rental and Leasing25.7153480
Management, Scientific, and Technical Consulting Services25.6753400
Grantmaking and Giving Services25.5253080
Activities Related to Real Estate25.3252670
Community Food and Housing, and Emergency and Other Relief Services24.9351850
Health Care and Social Assistance (including private, state, and local government hospitals)24.5451050
Social Assistance23.5348930
Lessors of Real Estate23.2548360
Nondepository Credit Intermediation23.1848210
Other Nondepository Credit Intermediation23.0347900
Sector 56- Administrative and Support and Waste Management and Remediation Services22.6847180
Administrative and Support Services22.6847180
Accommodation22.0845930
Accommodation and Food Services22.0545860
Insurance Carriers and Related Activities21.8945520
Travel Arrangement and Reservation Services21.7245180
Agencies, Brokerages, and Other Insurance Related Activities21.143880
Insurance Agencies and Brokerages21.143880
Individual and Family Services19.7641100
Accounting, Tax Preparation, Bookkeeping, and Payroll Services16.2733850
Services for the Elderly and Persons with Disabilities14.9731130

Not all industries pay the same for Real Estate Sales Agents.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
NY$48.12$100090
HI$40.2$83620
MA$37.87$78760
IL$36.92$76800
CO$36.82$76590
WY$34.93$72660
TX$32.89$68410
DC$32.53$67660
IN$31.42$65350
KS$31.18$64850

Another simple way to boost your pay as A Real Estate Sales Agent is to move to a higher paying state. However moving to a higher paying state like NY doesn’t mean you will make more overall. This is because the expenses at NY may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Real Estate Sales Agents are in the states of NY, HI, MA, IL and CO. The average salary in NY is $100090.



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Rank: B
Salary: $80420

They operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
Rank: C+
Salary: $60910

They sell or solicit advertising space, time, or media in publications, signage, TV, radio, or the Internet. Includes individuals who obtain leases for outdoor advertising sites or persuade retailers to use sales promotion display items.
Rank: A
Salary: $73670

They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Rank: B+
Salary: $58010

They appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
Rank: A+
Salary: $92250

They plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, facilities planning and maintenance, custodial operations, and other office support services.





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Related to Real Estate Sales Agents Salary

Real Estate Sales Agents salary, how much do Real Estate Sales Agents earn, Real Estate Sales Agents hourly wage, Real Estate Sales Agents annual pay, highest paying industries for Real Estate Sales Agents, which states pay the highest for Real Estate Sales Agents

Additional resources

http://www.bls.gov/OOH/sales/real-estate-brokers-and-sales-agents.htm
http://www.nareb.com/
http://www.realtor.org/

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Real Estate Sales Agents
Written by: Stanley Tan
Real Estate Sales Agents rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
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