Average Income for Real Estate Assistant

[ranee90]

I'm trying to research what the average income is for a real estate assistant with a license and I'm hoping someone here can help answer this question for me. Thank you.:)

[Thesa]

My last year as an assistant I made $65,000 - I was paid $12 an hour plus bonuses on each closing. I recieved medical insurance, cell phone allowance, car insurance reimbursement and gas reimbursement.

[ranee90]

Thank you, Thesa. I appreciate your information. I'd also welcome anyone else's comments on this question. I am still attending classes, but I am just one semester away from getting my license. The thing is, I feel I need more experience as well as a steady income right now. Later I might go to work as an agent for a broker but for now, I believe as an assistant I could learn more and possibly become a better agent in the long run, if becoming an agent is what I choose to do.

I just don't want to go into an interview and be asked what's the minimum hour wage I would expect without having any idea what the going rate is right now. So again, any comments any of you may have would be appreciated.

Thank you.:)

[chrishummel]

Obviously, there are different types of compensation plans an agent can pay to an assistant. Most that I have seen offer a base salary or hourly wage and then bonuses or a percent of commission from transactions closed.

[Thesa]

When I was an assistant - and by the way it is a great way to get your feet wet - you have set hours - you know when the paycheck will be there and you get some great experience. The minimum wage in Oregon was something like $7.00 - my bonuses were varried by the sale it went something like this.

$25,000 - $100,000 - $25.00 (per side) if we had both sides these doubled
$100,001 - $150,000 - $50

and so on - it did cap out at $750,000 I got a $500 bonus per side.

We closed on average 35 million a year in sales, and I was the only licensed assistant and knew how to do everything as well as the person I worked for.