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Realtor Salary

A large fraction of take-home pay for Realtors comes from commissions — more than two-fifths on average, in fact. The median overall income in this field is approximately $51K. Work is enjoyable for Realtors, who typically claim high levels of job satisfaction. Women make up a slight majority of Realtors (50 percent) survey respondents. Male Realtors are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 50 percent of the field. About one in five claim medical and dental insurance and approximately one-tenth get vision coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.

$20,242 - $154,006
(Median)
$20K
$50K
$150K
MEDIAN: $50,444
10%
50%
90%

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$7.88 - $98.63
(Median)
$7
$15
$99
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
$20,242 - $154,006  
   
Bonus
$0.00 - $10,438  
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).
)
$20,534 - $174,241  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 295
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$33$66$99
Hourly Rate
$7.88 - $98.63  
   
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$70K$140K$210K
Bonus
$0.00 - $10,438  
   
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).
)
$20,534 - $174,241  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 18

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Job Description for Realtor

A realtor is responsible for promoting the listings of various properties to those who may be interested in renting or purchasing the property themselves. Realtors help individuals locate homes and properties that are the most suitable for them based on the budget and any preferences included in the search. A realtor should have a complete understanding of home features and functions before offering showings, and should be familiar with the neighborhoods of properties that are being shown to potential buyers who may have questions. Realtors are responsible for answering any questions clients may have about specific properties, zoning laws and even information regarding the home's title and current owners.

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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 it's uncommon, some Realtors move into roles as Real Estate Asset Managers, where pay is an average $75K per year. A lot of Realtors advance their careers by becoming Administrative Assistants and Property Managers. However, those positions offer $20K less and $9K 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.


Realtors with a lot of experience tend to enjoy higher earnings. The average inexperienced worker earns $46K, and someone who has worked for five to 10 years can expect a bigger median salary of $62K. Realtors bring in $79K after working for 10 to 20 years. Professionals with deep experience (more than 20 years) report prosperous salaries in six-figure territory; the median for this crowd is approximately $110K.

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.

Related Job Salaries

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Experience Affects Realtor Salaries

Late-Career
up arrow 115%

Experienced
up arrow 54%

Mid-Career
up arrow 21%

National Average
$51,000

Entry-Level
up arrow 10%

Job Satisfaction

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

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
9%
1-4 years
40%
5-9 years
20%
10-19 years
25%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 21% dental benefits Dental: 17%
vision benefits Vision: 11% employee benefits None: 78%