How High Is A Realtor Salary?

In this day and age, it makes sense to find a career field that is rewarding and lucrative. People who want to make the most out of their time spent away from home should be sure that they are enjoying their jobs and maximizing on their potential. When it comes down to it, one of the make or break factors for any industry is how much money is earned. This can fluctuate based on a lot of factors, including location, experience and more, but it pays to make sure that the job is suitable for the lifestyle a person wants.

salaryUnderstanding the job is half the battle, because there are a lot of similar real estate jobs within the field. First and foremost, there is a large difference between agents and brokers. Brokers are people who can manage businesses, while agents typically work under brokers. Both work hard to match people with the type of real estate that they need in order to complete their purchase, but people looking at these jobs from a career opportunity standpoint will want to learn the ins and outs. It pays to make this distinction clear before learning about salary or trying to receive the necessary accreditations.

Money Matters: The Realtor Salary

Recent data suggests that people who enter the industry as real estate agents earn, on average, a salary of approximately $40,000. On the higher end of the spectrum, well paid real estate agents earn approximately $100,000 per year, while the lower end of the spectrum sees real estate agents earning a little more than $20,000. In terms of best areas for working in the field, studies have also shown that the realtors who make the highest salaries work in areas like Santa Fe, New Mexico, Wayne, New Jersey, White Plains, New York and Lake County, Illinois.

How to Become a Realtor

The first thing a person should do is become familiar with the ins and outs of the job. Before moving a step further, they should understand what a day on the job entails, what skills are necessary and what lengths someone must go to in order to make a sale. This will give a clear picture of what can be expected, in order to provide some insight. From there, people interested in becoming realtors will need to make sure that they get the license needed to practice. This involves a written exam, the content of which varies state by state. Anybody who wants to sell real estate should be at least 18 years old. Though not necessary, having a college or graduate level degree helps, especially if it is in any kind of business, finance, or accounting related field.

This can be a rewarding career field for anyone who wants to enter and attempt to achieve the higher end of the realtor salary spectrum. With these steps laid out, it is possible for anybody with knowledge, drive and determination to do what it takes to enter the field and put themselves in a position to succeed.