The average salary for a Real Estate Agent is $47,925.
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What Do Real Estate Agents Do?
Real estate agents work with clients in order to facilitate the sale and purchase of property and houses. Real estate agents review property value and similar sale prices in an area to determine reasonable prices for selling and buying property. Not every deal is cut and dry though, and at times real estate agents will have to work through lengthy negotiations in order to satisfy all parties involved in the transfer of property. It is in the best interest for a real estate agent to earn as much …Read more
Real Estate Agent Tasks
- Facilitate the sale and purchase of properties by working with sellers, buyers, and intermediaries.
- Document all interactions and negotiations, including legal documents.
- Build and develop relationships with clients online and in person.
- Negotiate with involved parties to reach agreement and transfer properties.
Job Satisfaction for Real Estate Agent
Popular Employer Salaries for Real Estate Agent
The top respondents for the job title Real Estate Agent are from the companies Keller Williams Realty, Inc., Redfin and Re/Max Real Estate. Reported salaries are highest at Keller Williams Realty, Inc. where the average pay is $52,402. Other companies that offer high salaries for this role include Century 21, earning around $49,498. Redfin pays the lowest at around $30,521. Coldwell Banker also pays on the lower end of the scale, paying $40,000.
Real Estate Agent Job Listings
What Are Popular Skills for Real Estate Agents?
Skills in Real Estate and Oral / Verbal Communication are correlated to pay that is above average. Skills that pay less than market rate include Negotiation, Customer Service and Sales.
What is the Pay by Experience Level for Real Estate Agents?
An entry-level Real Estate Agent with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $41,001 based on 112 salaries. An early career Real Estate Agent with 1-4 years of experience earns an average total compensation of $46,351 based on 354 salaries. A mid-career Real Estate Agent with 5-9 years of experience earns an average total compensation of $51,897 based on 92 salaries. An experienced Real Estate Agent with 10-19 years of experience earns an average total compensation of $60,968 based on 83 salaries. In their late career (20 years and higher), employees earn an average total compensation of $68,467.
Pay Difference by Location
Employees with Real Estate Agent in their job title in Los Angeles, California earn an average of 12.7% more than the national average. These job titles also find higher than average salaries in New York, New York (6.1% more) and San Diego, California (5.7% more). The lowest salaries can be found in Atlanta, Georgia (13.8% less), Austin, Texas (7.7% less) and Dallas, Texas (5.4% less).
Years of Experience
This data is based on 686 survey responses.