Realtor Salary

A substantial slice of final earnings for Realtors (slightly less than two-thirds) arrives through commissions. Median overall income in this area is approximately $50K. Career length and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Approximately one-fifth get medical and dental insurance, and about an eighth get vision plans, too. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$20,322 - $146,676
(Median)
$20K
$49K
$150K
MEDIAN: $49,430
10%
50%
90%

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$8.07 - $29.80
(Median)
$8
$15
$30
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90K$180K$270K
Salary
$20,322 - $146,676  
   
Bonus
$0.00 - $10,320  
Profit Sharing
$1,900  
Commission
$119.20 - $255,321  
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).
)
$20,589 - $152,688  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 342
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$8.07 - $29.80  
   
Overtime
$20.95  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$0.00 - $10,320  
   
Commission
$119.20 - $255,321  
Profit Sharing
$1,900  
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).
)
$20,589 - $152,688  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 20
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Job Description for Realtor

A realtor is a person who helps people buy and sell houses. Typically a realtor will work most closely with persons who are attempting the steps required in selling a house or similar property. However, people who are relocating to an area or looking to move into a new home may also engage a realtor to assist them in their search. In many instances, the realtor acts as a representative in the interests of the buying or selling client they represent. The realtor gets the best sale price possible, while looking out for the best interests of the persons they're assisting.

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Realtor Tasks

  • Counsel clients about prices, financing, legal options and expectations.
  • Create, review, edit and update contracts, agreements, leases, deeds and other paperwork.
  • Advertise, network and increase awareness of properties and brand.
  • Develop strong relationships with clients, identifying needs, preferences and goals.
  • View properties, advise about prices and hold open houses.

Common Career Paths for Realtor


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It's not very common for Realtors to move on to become Real Estate Asset Managers. Average pay for a Real Estate Asset Manager is $75K annually. Many Realtors advance into roles as Administrative Assistants or Property Managers, but the median salaries are $19K lower and $8K lower, respectively.

Realtor Job Listings

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Pay by Experience Level for Realtor

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Realtors with a rich background of experience are typically rewarded with larger paychecks. Those in the early stages of their career can expect to make around $43K; however, individuals with five to 10 years of experience bring in $62K on average — a distinctly larger sum. Realtors see a median salary of $75K after reaching one to two decades on the job. Realtors who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $81K on average.

Realtor Advice

What do you wish you knew about your job when you first started out?

Realtor in New York:
"Get A Degree With Jobs At The End."
Meet everybody. Smile. Look them in the eye. Be of service, they are counting on you.

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Experience Affects Realtor Salaries

Late-Career
up arrow 62%

Experienced
up arrow 50%

Mid-Career
up arrow 25%

National Average
$50,000

Entry-Level
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
9%
1-4 years
42%
5-9 years
21%
10-19 years
22%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 20%
dental benefits
Dental: 17%
medical benefits
Vision: 12%
dental benefits
None: 78%
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