Information About Real Estate Sales Agents

What is this career like?

Real estate agents sell and let properties in either the residential or commercial sectors. They value the properties, prepare marketing material and aim to get the best price for the client and the highest percentage commission for their employer. They also have a role to play ensuring the smooth running of the property sale, liaising with solicitors and the sellers to ensure that the deal progresses. Letting agents vet prospective tenants to ensure that they have the means to pay and will take care of the property.

Personal skills:
Real estate agents typically work on commission so you need to be tenacious and a good sales person. The general public can be wary of the strong sales techniques sometimes employed in the industry so the ability to get on well with people and come across as sincere can be advantageous.

Training

Real estate sales agents need postsecondary vocational award.

Degrees for Real estate sales agents
Training for Real Estate Sales Agents
Percent
Less than High School 1.5
High School 15.4
Some College 28.4
Associates Degree 9.6
Bachelors Degree 34.6
Masters Degree 8.5
Doctorate or Professional Degree 2.0

Employment

Represents about 394,000 people in the United States- 58.3% of which are self-employed

Employment prospects are up Over the next 5 years there will be aproximately 63,000 more real estate sales agents but, because of expected growth and replacement needs in the United States, we will need 128,000 more.


Hourly Income

On average, real estate sales agents make $24.60 per hour.

Hourly Income Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Real estate sales agents $9.71 $13.00 $18.70 $29.70 $44.60
Sales and related occupations $8.17 $9.04 $11.90 $20.60 $35.10
National Average $8.65 $10.70 $16.50 $26.60 $41.00

Annual Salaries

On average, real estate sales agents make $51,170 per year.

Annual Salary Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Real estate sales agents $20,200 $27,200 $39,070 $61,960 $92,860
Sales and related occupations $16,990 $18,800 $24,840 $42,990 $73,070
National Average $18,000 $22,380 $34,460 $55,470 $85,280

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

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