Thread: What is average income

This will depend on the company you are working with, and sometimes it depends on the deal that you had closed. Th e bigger the deal the bigger you commission is. Some says that working solo in real estate business is much more profitable as long as you have the power of sales talking.

It depends where you are working too. For example, agent A sells 10 homes in Los Angeles and agent B sells 10 homes in Arizona. Most like agent A will make a lot more money

Well, the average income has reduce significantly over the last year due to the economy. But good agents can sell 20 homes at 6% commission.

Well my average income has dropped significantly. The problem is I am actually doing more busines that I did in a good market. The problem is when you do the reo sales for the banks the commissions are much lower. So my plan is to re sell everything I sell when the market turns!

Due to economic downturn property selling declined a significant amount and so does the income. Still hoping that our economy will be able to cope with the current situation.

Depends on who is giving the figures

If we are to use the recent NAR 2009 stats on Realtors...

Annual Income of Realtors in 2008 (Gross Income Before Taxes):

• - Less than $10,000: 22% of Realtors
• - $10,000 to $24,99: 17%
• - $25,000 to $34,999: 10%
• - $35,000 to $49,999: 13%
• - $50,000 to $74,999: 13%
• - $75,000 to $99,999: 9%
• - $100,000 to $149,999: 8%
• - $150,000 to $199,999: 3%
• - $200,000 to $249,999: 2%
• - $250,000 or more: 3%

source: NAR 2009 Realtor Profile HIghlights

From the US Bureau of Labor Stats:

Median Earnings,
2008: $ 77,240.00 - for Brokers (2008, US Bureau of Labor Stats
2008: $ 54,410.00 - for Agents (2008, US Bureau of Labor Stats)

Now, the next question would be...how reliable are these numbers? That would be good for another thread

Cheers!

Originally Posted by jeremiahpeterson

What is average income of an agent

It depends upon how big your closed deal is. The bigger the deal, the bigger the commission. Moreover, economic condition is another factor

Thanks for the stats Bad Wolf. Looks like it's the old 80/20 rule.

I think it depends on your hard work and your desire to earn. The more you sell, the higher your earnings. But i think it is above the average salary.