Information About Real Estate Sales Agents

Training Requirements for Real Estate Sales Agents

Real estate sales agents need high school diploma or equivalent.

Degrees for Real estate sales agents
Training for Real Estate Sales Agents
Percent
Less than High School 1.3
High School 11.9
Some College 27.1
Associates Degree 10.1
Bachelors Degree 37.7
Masters Degree 9.6
Doctorate or Professional Degree 2.2

Employment outlook for Real Estate Sales Agents

Represents about 337,000 people in the United States.

Employment prospects are up Over the next 5 years there will be aproximately 9,000 more real estate sales agents but, because of expected growth and replacement needs in the United States, we will need 33,000 more.


Hourly Income

On average, real estate sales agents make $28.54 per hour.

Hourly Income Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Real estate sales agents $10.69 $14.39 $21.20 $34.16 $54.12
Sales and related occupations $8.72 $9.72 $12.78 $22.23 $37.65
Other sales and related workers $9.37 $11.21 $15.65 $27.95 $49.24
Real estate brokers and sales agents $10.84 $14.71 $22.32 $36.40 $60.00
National Average $9.27 $11.60 $17.81 $28.92 $45.45

Annual Salaries

On average, real estate sales agents make $59,360 per year.

Annual Salary Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Real estate sales agents $22,230 $29,940 $44,090 $71,060 $112,570
Sales and related occupations $18,150 $20,210 $26,590 $46,230 $78,300
Other sales and related workers $19,490 $23,310 $32,550 $58,130 $102,430
Real estate brokers and sales agents $22,540 $30,600 $46,410 $75,710 $124,800
National Average $19,290 $24,140 $37,040 $60,150 $94,540

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

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.

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