Real Estate Agent Salary
A Real Estate Agent earns an average salary of $45,737 per year. Most people with this job move on to other positions after 20 years in this career.
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- Country: United States
- Currency: USD
- Updated: 8 Jan 2018
- Individuals Reporting: 794
- Country: United States
- Currency: USD
- Updated: 8 Jan 2018
- Individuals Reporting: 100
Job Description for Real Estate Agent
Real estate agents work with clients in order to facilitate the sale and purchase of property and houses. Real estate agents review property value and similar sale prices in an area to determine reasonable prices for selling and buying property. Not every deal is cut and dry though, and at times real estate agents will have to work through lengthy negotiations in order to satisfy all parties involved in the transfer of property. It is in the best interest for a real estate agent to earn as much money for a sale or purchase as possible, as they often work on commission based on the final sale price of a property.
Becoming a real estate agent requires taking a state license exam. States have different exams, so real estate agents must become licensed in every state in which they practice. Real estate brokerages will offer additional training in how to properly list and sell property. While working under a brokerage, a real estate agent will have to work closely with other agents in their brokerage as well as with their clients. To successfully sell a home, a real estate agent needs to bring interested parties to listed properties to show them around. This allows clients and interested buyers to determine whether or not they wish to finalize a deal. For this reason, a real estate agent needs to ensure that a property is clear and in decent condition. To maintain this condition, a real estate agent will have to visit this property every so often and check on everything. (Copyright 2018 PayScale.com)
Real Estate Agent Tasks
- Facilitate the sale and purchase of properties by working with sellers, buyers, and intermediaries.
- Document all interactions and negotiations, including legal documents.
- Build and develop relationships with clients online and in person.
- Negotiate with involved parties to reach agreement and transfer properties.
Common Career Paths for Real Estate Agent
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Real Estate Agent Job Listings
Popular Skills for Real Estate Agent
Pay by Experience Level for Real Estate Agent
Pay by Experience for a Real Estate Agent has a positive trend. An entry-level Real Estate Agent with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 399 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 86 salaries. An experienced Real Estate Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $62,000 based on 64 salaries. A Real Estate Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $75,000 based on 22 salaries.
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