Realtor Salary

By on October 27, 2010 in ArticlesHow Much Does

How much does a realtor make? Realtors earn a good salary for their real estate services. Realtors are involved in one of the most important purchases in peoples' lives, buying a home. Real estate brokers or agents may act as intermediaries during price negotiations between buyers and sellers. Real estate brokers and sales agents must have a thorough knowledge of the real estate market in their area. Realtors must understand which neighborhoods will best fit a clients' budget and needs. Realtors should be familiar with local zoning and tax laws, knowing where to obtain financing in order for clients to successfully purchase property. Realtors may be involved in residential or commercial real estate sales.

Realtor Salary

Realtor Salary/ Joe Raedle/Getty Images

Every state and the District of Columbia require that real estate brokers and sales agents be licensed. Real estate brokers and agent employement is expected to grow faster than average, with beginning agents and brokers facing competition from well-established, more experienced realtors. Real estate broker and real estate sales agent employment will grow 14 percent during the 2008 to 2018 decade, faster than average for all occupations.

The Difference Between Real Estate Brokers And Sale Agents

Real estate agents are sales agents who facilitate the buying or selling of property. Real estate agents must take specific courses of forty to ninety hours of training to obtain a real estate license. When real estate agents wish to own, manage or operate their own brokerage, the real estate agent must take additional coursework and pass the brokers exam in order to become a broker.

How much does a realtor make per hour?

A May 2009 Bureau of Labor Statistics report shows the median hourly wages for real estate sales agents was $25.53.

A May 2009 Bureau of Labor Statistics report shows the median hourly wages for real estate brokers was $37.68 an hour

Real Estate Sales Agent Hourly Wages

Offices of Real Estate Agents and Brokers $54,740

Lessors of Real Estate $46,070

Activities Related to Real Estate $48,800

Residential Building Construction $61,440

Land Subdivision $58,960

Real Estate Broker Hourly Wages

Offices of Real Estate Agents and Brokers $37.49

Activities Related to Real Estate $35.70

Lessors of Real Estate $41.76

Activities Related to Credit Intermediation $33.18

Residential Building Construction $40.92

How much does a realtor make per year?

The median yearly salary for including commissions, of salaried real estate sales agents was $53,100 according to a May 2009 Bureau of Labor Statistics report.

The median yearly salary for including commissions, of salaried real estate brokers was $78,360 according to a May 2009 Bureau of Labor Statistics report.

Real Estate Sales Agent Annual Wages

Offices of Real Estate Agents and Brokers $54,740

Lessors of Real Estate $46,070

Activities Related to Real Estate $48,800

Residential Building Construction $61,440

Land Subdivision $58,960

Real Estate Broker Annual Wages

Offices of Real Estate Agents and Brokers $77,990

Activities Related to Real Estate $74,250

Lessors of Real Estate $86,860

Activities Related to Credit Intermediation $69,020

Residential Building Construction $85,110

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