3 Comments October 26th, 2009

What is the average salary for a Real Estate agent?

MEF18 asked:


I want to know what the average salary for a Real Estate agent working in New Jersey and close to it, would be. I know its hard to say an average but i thought id ask anyway.

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3 Responses to “What is the average salary for a Real Estate agent?”

  1. PI Says:
    October 28th, 2009 at 10:02 am

    Kansieo.com

    ZERO…a Realtor generally works on commission only. Nowadays the average is circa ***$30,000.

  2. Real Estate Guy Says:
    October 31st, 2009 at 3:26 pm

    Website content

    $0 to 1million+

    The average would be around 35,000. However, the income that you could earn really is unlimited.

  3. PapaSmurf Says:
    November 2nd, 2009 at 4:20 am

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    The National Association of Realtors published sometime this year that the average agent does a little over 1/2 a transaction per month (0.6).

    Most agents work off a split with their company. Let’s say 60/40 split. That means the agent gets 60% of the commission and the office gets 40%.

    Now you have to know what the average sales price in the area is. I’m in Salt Lake City, Utah. The average sale is around $290,000.

    So 7.2 transactions per year would yield 7.2 x $290,000 = $2,088,000 gross sales.

    Each office normal gets a 3% commission and the agent gets 60% of that or 1.8%.

    So 1.8% of $2,088,000 is $37,584.

    Therefore in Salt Lake City, Utah the average agent would make $37,584.

    Just plug in the average sales price for the area you are interested in.