Realtor Salary

Commissions form a big slice (nearly one-half) of total compensation for Realtors. The median income in this area hovers around $50K. Career duration is the biggest factor affecting pay for this group, followed by geography. Women make up a slight majority of Realtors (55 percent) survey respondents. Job satisfaction for Realtors is high. In this profession, just over one in five enjoy medical and dental coverage, and roughly an eighth have vision insurance, as well. The data for this synopsis comes from respondents who took the PayScale salary survey.

$20,003 - $144,931

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$7.78 - $30.91

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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$60K$120K$180K
Salary
$20,003 - $144,931  
   
Bonus
$0.00 - $10,357  
Commission
$121.64 - $143,017  
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).
)
$20,149 - $151,736  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 294
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$30$60$90
Hourly Rate
$7.78 - $30.91  
   
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$60K$120K$180K
Bonus
$0.00 - $10,357  
   
Commission
$121.64 - $143,017  
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).
)
$20,149 - $151,736  
Country: United States | Currency: USD | Updated: 18 Jul 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 it's uncommon, some Realtors move into roles as Real Estate Asset Managers, where pay is an average $74K per year. Many Realtors choose to become Administrative Assistants and Property Managers as their careers advance. However, folks in those positions report median salaries of $19K less and $8K less, 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.


Experience is an important factor influencing the compensation of Realtors. 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 $60K. People with 10 to 20 years of experience make an average of about $77K in this role. Realtors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers 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 54%

Mid-Career
up arrow 20%

National Average
$50,000

Entry-Level
up arrow 12%

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
40%
5-9 years
20%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 23% dental benefits Dental: 19%
vision benefits Vision: 13% employee benefits None: 75%
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