Question 1

How Much Do Real Estate Agents Make?

Accepted Answer

Every state has a different median income. In the US as of May 2018, the average salary for those in this field was $48,690 per year. Since sales workers throughout the US earn an average of $35,720 per year, real estate agents are a sales professional with the potential to earn more than the average. According to statistics from 2019, the following are the 10 states with the highest real estate agent incomes: New York Pennsylvania Texas Washington Colorado Massachusetts Rhode Island Alabama California New Jersey.

Question 2

How Much Does It Cost to Become a Real Estate Agent?

Accepted Answer

The state you are seeking licensure in will ultimately determine your costs. The following shows average costs: Education: $200 to $1,000 Licensure examination: $100 to $300 Background check: $50 to $100 Activating your license: $200 to $400 Errors and omissions insurance: $350 to $400 a year If you plan to get your realtor certification, you can expect $120 per year plus signup fees. Once you are working in real estate, a variety of other costs are possible that average $500 to $1,000 a year, such as computer software and business cards.

Question 3

How Long Does It Take to Become a Real Estate Agent?

Accepted Answer

While this will vary based on how many hours of prelicensure education your state requires and whether you need to retake the licensure examination, the average is four to six months. It is rare that it will take someone more than a year to complete the process.

Question 4

Is It Difficult to Become a Real Estate Agent?

Accepted Answer

In most states, the process is relatively straight forward. You will follow the steps above. However, it is important to note that you will learn a lot in your classes. It is imperative that you take good notes and study so that you can earn your certificate of completion and be able to pass the licensure examination.

Question 5

How Do Real Estate Agents Get Their First Clients?

Accepted Answer

Once you join a brokerage, you will get a chance to learn the ropes. From here, you will be able to start seeking out and taking on your own clients.

Question 6

Do Real Estate Agents Make a Base Salary?

Accepted Answer

In most cases, you will earn commission in this line of work. However, there are some exceptions to this rule where a broker may pay a modest salary. If you want to earn a salary and commission, you will need to find a brokerage that provides this.

Question 7

Can You Work Part-Time as a Real Estate Agent?

Accepted Answer

This industry is very flexible. As long as you are able to keep up with the needs of your clients, you can often choose the hours that you work. However, make sure to check with your brokerage to determine if they allow for part-time employees.

Category: Guides

How To Become A Real Estate Agent (State By State Guide)

How To Become A Real Estate Agent In Alabama

How To Become A Real Estate Agent In Alaska

How To Become A Real Estate Agent In Arkansas

How To Become A Real Estate Agent In California

How To Become A Real Estate Agent In Florida

How To Become A Real Estate Agent In Texas

How To Get A Real Estate License Online In Virginia