What is the average income of a realtor in the US? (2024)

What is the average income of a realtor in the US?

The median gross income of REALTORS® increased to $56,400 from $54,300 in 2021.

How much do top 1 realtors make?

Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

Is it easy to make 6 figures as a Real Estate Agent?

Making six figures as a real estate agent isn't easy, especially in your first year. To accomplish this big goal, you'll probably have to start doing some things you don't like and stop doing things you do like. But it's worth it to be successful in real estate.

What state do real estate agents make the most money?

The highest-paying states for real estate brokers

According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona.

What job makes the most money?

Is a realtor a good job in the USA?

Rankings. Real Estate Agents rank #6 in Best Sales and Marketing Jobs. Jobs are ranked according to their ability to offer an elusive mix of factors. Read more about how we rank the best jobs.

What do most realtors make a year?

What do most realtors make their first year?

What Is the Average First Year Real Estate Agent Salary by State. $60,000 is the 25th percentile. Salaries below this are outliers. $100,000 is the 75th percentile.

How much do the richest real estate agents make?

I've worked with a few pretty good agents in both residential and commercial real estate. A residential agent in the top 5% can gross (after fee splits and credits) about $500K a year, about the same as a decent commercial agent. At the very top end for both, agents can bring in $3-5M a year.

Can you make $1000000 a year in real estate?

It can be done. In fact, it has been done. But it doesn't happen by luck or accident. This is the first in a series of articles detailing how you, as a newly licensed agent, could set yourself up to be successful enough to to make $1 million in your first year.

Is it stressful to be a real estate agent?

The reality of the job is often much more stressful than many anticipate. The emotional toll of selling homes can take a significant toll on realtors, leading to stress, burnout, and emotional exhaustion.

What are the odds of making it as a realtor?

The Bureau of Labor Statistics shows that the real estate failure rate is between 43% and 54%. However, common statistics state that 87% of real estate agents fail within five years. Regardless, that means about half or more of real estate agents who enter the industry fail, which is a very high number of people.

What state is the hardest to be a realtor?

Among all the states, Colorado and Texas stand out as having the most stringent criteria for obtaining a real estate broker license. In both of these states, aspirants must undergo rigorous study and examination processes to obtain their licenses.

Do most millionaires do real estate?

Real estate investment has long been a cornerstone of financial success, with approximately 90% of millionaires attributing their wealth in part to real estate holdings. In this article, we delve into the reasons why real estate is a preferred vehicle for creating millionaires and how you can leverage its potential.

What city do realtors make the most money?

What job pays the most without a degree?

What job has most millionaires?

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.

What is the #1 most paying job in the world?

What are the pros and cons of being a realtor?

What are the disadvantages of working with a realtor?

One of the biggest drawbacks of working with a real estate agent is the cost. Agent commissions can be a significant expense for sellers, as they typically take a percentage of the sale price of the home. Buyers may also face additional costs, such as closing costs and other fees.

What are the health benefits of being a real estate agent?

If you're a member of the National Association of REALTORS®, you can buy a healthcare plan through their marketplace. You'll see options for health, dental, vision, life insurance, telehealth, and pet insurance. Choose one that's right for your lifestyle and needs.

How much do top 10% realtors make?

Nationwide, real estate agent salaries range from an average of $28,270 for the bottom 10th percentile up to $102,170 in the top 10th percentile.

How many houses do most realtors sell a year?

According to NAR, the average Realtor completes a median of 12 residential transactions annually. However, it's important to keep in mind that this doesn't necessarily indicate how many houses the average Realtor sells. A completed transaction can mean the agent assisted on either the buyer's or seller's side.

Is Realtor one of the most stressful jobs?

While that's a reality for some, most realtors live in an entirely different, much more harsh world. The truth is that being a real estate agent is probably one of the hardest jobs out there. Here's just a few reasons that make being a real estate agent so challenging.

What age are most realtors?

While you have to be at least 18 years old to become a real estate agent, there are realtors of all ages. According to the National Association of Realtors (NAR), the typical real estate agent is a 54-year-old white female who attended college. Female realtors make up over 60% of all realtors and the median age is 52.