Real Estate Assistant Salary
|Salary||$23,744 - $54,791|
|Bonus||$616 - $10,365|
|Commission||$515 - $24,240|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$22,472 - $50,452|
|Hourly Rate||$10.12 - $19.81|
|Overtime||$0.00 - $32.11|
|Bonus||$616 - $10,365|
|Commission||$515 - $24,240|
|Total Pay (||$22,472 - $50,452|
Job Description for Real Estate Assistant
A real estate assistant holds a position with duties similar to many other administrative positions in other industries. The real estate assistant is a mix of a realtor and a secretary, as they typically handle incoming telephone calls, client contacts, open-house scheduling, copy-making, and creation of clerical reports and spreadsheets, in addition to other supporting tasks. Property management may also be a key component of the real estate assistant's position, which includes making sure tenants pay rent, fulfilling work order requests, managing lease agreements, and filing eviction paperwork. Another main aspect of the real estate assistant's position is marketing available properties through methods such as posting brochures or advertisements online, creating open house events, scheduling tours of the properties, and handling any incoming queries from prospective clients.Read More...
To become a real estate assistant, relevant postsecondary coursework is almost always required. This usually takes the form of an associate's degree in accounting, finance, management, or a related field; however, it may include relevant certifications and trainings. Some employers forego these requirements and prefer to train their prospective real estate assistants on the job. To become a real estate assistant, the assistant must possess strong computer, organizational, communication, and time-management skills.
Real Estate Assistant Tasks
- Direct marketing and research.
- Perform abstract leases, create reports and update websites.
- Perform general lease administration and file management.
Common Career Paths for Real Estate Assistant
Real Estate Assistants might see a strong upturn in salary after transitioning into upper-level roles such as Property Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $42K per year.
Popular Employer Salaries for Real Estate Assistant
Keller Williams Realty, Inc., Re/Max Real Estate, Coldwell Banker, Windermere Real Estate, and Berkshire Hathaway Inc are top-notch employers for Real Estate Assistants in this area. Berkshire Hathaway Inc offers the largest salaries in town — $38K on average. Those in search of high salaries should also consider Windermere Real Estate, Keller Williams, and Re/Max Real Estate, top-paying firms where Real Estate Assistants rake in a decent $36K, $35K, or $30K, respectively.
Coldwell Banker reports the lowest median salary in the area (it's only $29K) but some workers make up to $63K, indicating a rather large gap in employee earnings. Keller Williams Realty, Inc., Century 21, and Re/Max Real Estate are a few other employers known for handing out relatively lightweight salaries, each pays $30K.
Popular Skills for Real Estate Assistant
Survey takers working as Real Estate Assistants report using a large range of professional skills. Most notably, skills in Customer Relations, Online Marketing, Administration, and Real Estate are correlated to pay that is above average. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Organizing and Bookkeeping also typically command lower compensation. Most people skilled in Customer Service are similarly competent in Marketing Management.
Pay by Experience Level for Real Estate Assistant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Real Estate Assistants — those with more experience do not necessarily bring in higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $31K, but folks who have racked up five to 10 years see a notably higher median of $35K. Real Estate Assistants with one to two decades of relevant experience report an average salary of approximately $36K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Real Estate Assistant with more than 20 years of experience can earn $37K on average.
Pay Difference by Location
San Francisco is home to an above-average pay rate for Real Estate Assistants, 64 percent higher than the national average. Real Estate Assistants will also find cushy salaries in Houston (+41 percent), New York (+41 percent), Bellevue (+28 percent), and Los Angeles (+18 percent).
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