Realtor Salary

In a profession for which the median take-home is approximately $50K, just over two-fifths of overall earnings for Realtors arrives through commissions. Just under one in four enjoy medical and dental coverage in this occupation, and nearly one-eighth get vision benefits. Job satisfaction for Realtors is high. Women Realtors who took the survey just slightly outnumber men. The data in this summary comes from the PayScale salary survey.

$20,121 - $147,464
(Median)
$20K
$50K
$150K
MEDIAN: $49,672
10%
50%
90%

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$7.78 - $41.22
(Median)
$7
$14
$41
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$20,121 - $147,464  
   
Bonus
$0.00 - $19,271  
Commission
$120.80 - $144,028  
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).
)
$20,290 - $151,957  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 293
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$7.78 - $41.22  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$0.00 - $19,271  
   
Commission
$120.80 - $144,028  
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).
)
$20,290 - $151,957  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 15
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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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Though not the most common occurrence, Realtors sometimes become Real Estate Asset Managers, where the average income is $75K per year. A lot of Realtors advance their careers by becoming Administrative Assistants and Property Managers. However, those positions offer $19K less and $8K less per year on average.

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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Respondents with less than five years' experience take home $44K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $61K. Realtors with one to two decades of relevant experience report an average salary of approximately $77K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $92K.

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 84%

Experienced
up arrow 53%

Mid-Career
up arrow 21%

National Average
$50,000

Entry-Level
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
10%
1-4 years
41%
5-9 years
20%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 22% dental benefits Dental: 18%
vision benefits Vision: 13% employee benefits None: 76%
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