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How Much Do Real Estate Agents Make? The Answer Might Surprise You

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Real estate agents are some of the most selfless and altruistic people you will ever meet. They love helping people buy or sell a house, going above and beyond to make sure their clients are happy. However, that also means that real estate agents often take on a lot of financial risk from commission-only deals. Real estate agents who work exclusively for commission-only deals earn much less than those who have other sources of income as well.

That’s why it might surprise you just how little real estate agent salary can vary between different jobs in the industry. In many cases, real estate agent salary can be significantly lower than you think! Do your homework before hiring anyone as an agent, so you don’t end up with regret down the road. Here are some facts you need to know about real estate agent salary:

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Most Real Estate Agent Salaries Are Around $50,000

Real estate agent salary can vary a lot depending on the area you live in and the level of experience of the agent you’re hiring. In the most expensive cities like New York and Los Angeles, real estate agent salary can soar above $100,000 per year. However, in most areas, real estate agent salary is usually around $50,000.

This is because more than half of all real estate agent jobs in the U.S. pay either $50,000 or less.If you live in a smaller city or in a rural area, real estate agent salary can be significantly lower still. The vast majority of real estate agent jobs pay either $40,000 or less in medium and small cities. If you live in a large city, real estate agent salary can be as low as $30,000.

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Some Agents Make Up To $100,000 Per Year

Even in the lower-paying areas of the country, some real estate agents earn an incredible amount of money. Some agents in the most expensive areas of the country can bring in $100,000 per year. However, these agents are usually working in luxury properties like mansions or large hotels. In most areas of the country, real estate agent salary is more around $50,000.However, some agents in high-priced areas like New York City, Los Angeles, and San Francisco do earn an impressive amount of money. Some agents in these areas can bring in $100,000 or more per year.

But Not All Agents Work In The Same Areas

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Real estate agent salary also varies depending on where you live and what kind of agent you are. Real estate agent salary is generally higher in major metropolitan areas. In many areas, real estate agent salary can be as much as $60,000. But agents in smaller cities and in rural areas often earn a lot less.

Real estate agents in urban areas often earn $40,000 or less.Real estate agents in the South and in rural areas often make a lot less. Real estate agents in the Midwest often make less than in major cities. Real estate agents in the West often make less than those in coastal states.

Commission-Only Agents Earn Even Less

Real estate agents who work exclusively on commission-only deals earn significantly less than those who also work on a salary. In many areas of the country, this type of real estate agent earns $25,000 or less. This is likely to be the vast majority of real estate agent jobs.However, in high-priced areas, like New York City and Los Angeles, commission-only agents may earn $75,000 or more.

Bottom Line

Real estate agent salary can vary a lot depending on where you live, what kind of agent you are, and what other sources of income you have. The most common real estate agent salary is around $50,000. But in some high-priced areas, you can earn as much as $100,000 per year as a real estate agent.  Real estate agent salary also varies depending on what kind of agent you are. Real estate agent salary is generally higher in major metropolitan areas.

It’s also higher in large cities and in high-priced areas of the country. Most real estate agent salaries are under $60,000 in smaller cities. Real estate agent salary also varies depending on what kind of agent you are. Real estate agents that work exclusively on commission-only deals generally make less than those who also work on a salary.

Real estate agents that work exclusively on a salary generally earn around $50,000 in most areas of the country.Real estate agents who only work on commission-only deals often earn $25,000 or less in some areas of the country.

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