Being a real estate agent is often seen as a somewhat glamorous job, one that virtually anyone can do and potentially get rich from.
In fact, becoming a real estate agent (or Realtor, as the National Association of Realtors calls them) can be a simple matter of taking a two-week course and passing a licensing exam.
Can real estate agents make a lot of money?
On average, members of the National Association of Realtors complete 12 transactions each year. Newer real estate agents will likely sell even fewer houses, and have lower incomes. According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive.
Can you make millions as a real estate agent?
But unlike W-2 jobs, a commission-based job like real estate agent or broker has limitless income potential. Some agents make over a million dollars a year. You get back in income what you put into it in effort and time. New agents typically have to give more to their brokers because they require more training.
Who is the highest paid real estate agent?
Best-Paying States for Real Estate Agents
The states and districts that pay Real Estate Agents the highest mean salary are New York ($102,310), Texas ($72,480), Hawaii ($72,470), Alaska ($71,030), and Rhode Island ($70,450).
How long does it take to start making money as a real estate agent?
It takes them a year or longer to start making consistent money and some give up before they make it. It is hard to say it will take three months or six months before a new agent will make enough money to support themselves because everyone is different.