The average salary for a Realtor is $54,451.
Tell us about your job and pay factors like skills and education Find your market worth with a report tailored to you Negotiate your pay with confidence
What Do Realtors Do?
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…Read more
- Develop strong relationships with clients, identifying needs, preferences and goals.
- View properties, advise about prices and hold open houses.
- Advertise, network and increase awareness of properties and brand.
- Counsel clients about prices, financing, legal options and expectations.
- Create, review, edit and update contracts, agreements, leases, deeds and other paperwork.
Job Satisfaction for Realtor
Popular Employer Salaries for Realtor
The top respondents for the job title Realtor are from the companies Keller Williams Realty, Inc., Self-Employed and Re/Max Real Estate. Reported salaries are highest at Self-Employed where the average pay is $100,000. Other companies that offer high salaries for this role include Berkshire Hathaway Inc, earning around $82,500. Re/Max Real Estate pays the lowest at around $40,695. Coldwell Banker also pays on the lower end of the scale, paying $65,000.
What Are Popular Skills for Realtors?
Skills in Sales and Strategic Marketing are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM), Real Estate and Contract Negotiation.
What is the Pay by Experience Level for Realtors?
An entry-level Realtor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,203 based on 23 salaries. An early career Realtor with 1-4 years of experience earns an average total compensation of $49,721 based on 174 salaries. A mid-career Realtor with 5-9 years of experience earns an average total compensation of $63,434 based on 66 salaries. An experienced Realtor with 10-19 years of experience earns an average total compensation of $62,134 based on 101 salaries. In their late career (20 years and higher), employees earn an average total compensation of $72,414.
Pay Difference by Location
Employees with Realtor in their job title in Las Vegas, Nevada earn an average of 68.2% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (46.9% more) and Atlanta, Georgia (46.9% more). The lowest salaries can be found in San Antonio, Texas (28.4% less), Houston, Texas (17.4% less) and Miami, Florida (8.2% less).
Years of Experience
This data is based on 408 survey responses.