Uncategorized April 3, 2014

How much to real estate agents really make?

It is a common question for consumers, students, and real estate professionals. How much to real estate agents make? The answer can vary widely, depending on where in the country or even county the are working, how many hours a week and with whom. The following infographic explains some of the variables. Whether you are an agent, a potential buyer or seller, or just someone thinking about getting into the real estate business. You might be shocked at the percentage of the total commission an agent actually takes home.

Most first-year real estate agents earn very little, primarily because they are struggling to learn the business while they build a client base. As the years go by, agents can rely on referrals from satisfied clients to continue building their business. Top producers earn a lot more than the average real estate agent. Each real estate office sets its own standards for top producers, but it’s probably safe to say that a top producer would need to sell at least one home a month to qualify. Mega-stars earn $200,000 per year and up. In May 2012, the median hourly wage for real estate brokers was $28.05. The median hourly wage for real estate agents was $18.82 in May 2012 according to the Bureau of Labor Statistics. 2012 Median US Real Estate Agent salary was $41,990 per year. In California that number bounces to $52,280. Bay Area agents average around $46,033-$46,071 depending on their location. See charts below infographic.

Infographic How much to Real estate agents make

San Francisco Agents Salary