As a real estate agent, you can expect to earn between $31,000 and $120,000 annually, with the potential for higher earnings as you gain experience and build your client base. This career offers flexibility, allowing you to choose your own hours and work independently.
Becoming a Real Estate Agent
Education and Licensing Requirements
Essential Skills for Success
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Quick Facts: Real Estate Brokers and Sales Agents | |
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2023 Median Pay ?The wage at which half of the workers in the occupation earned more than that amount and half earned less. Median wage data are from the BLS Occupational Employment and Wage Statistics survey. In May 2023, the median annual wage for all workers was $48,060. | $56,620 per year $27.22 per hour |
Typical Entry-Level Education ?Typical level of education that most workers need to enter this occupation. | High school diploma or equivalent |
Work Experience in a Related Occupation ?Work experience that is commonly considered necessary by employers, or is a commonly accepted substitute for more formal types of training or education. | See How to Become One |
On-the-job Training ?Additional training needed (postemployment) to attain competency in the skills needed in this occupation. | See How to Become One |
Number of Jobs, 2023 ?The employment, or size, of this occupation in 2023, which is the base year of the 2023-33 employment projections. | 544,400 |
Job Outlook, 2023-33 ?The projected percent change in employment from 2023 to 2033. The average growth rate for all occupations is 4 percent. | 2% (Slower than average) |
Employment Change, 2023-33 ?The projected numeric change in employment from 2023 to 2033. | 10,100 |
Career Advancement and Specialization
Building Client Relationships
Cultivating strong client connections is crucial for long-term success as a real estate agent. You should prioritize clear communication and attentiveness to client needs. Develop a system for regular follow-ups and personalized service.
To build trust, always be transparent about the buying or selling process. Offer valuable insights into local market trends and property values. Consider creating a client referral program to expand your network organically.
Real Estate Niches
Continuing Education and Professional Development
You can attend industry conferences and workshops to learn from top performers and expand your professional network. You might also consider joining professional organizations like the National Association of Realtors for additional resources and networking opportunities.
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