Realtor salary missouri

Realtor salary missouri DEFAULT

Business professional calculates real estate commission using charts and a calculator

As a new real estate licensee or someone considering a career in real estate, you need to understand the basics of real estate commission, as this is most likely how you’ll be paid. While some brokerages are moving to a more salary-based structure, the majority of today’s brokerages still operate under a commission-based system. Therefore your real estate agent salary will be based on the all-important commission split.

Step 1: Negotiate commission splits

You’ll typically negotiate your real estate commission split with your brokerage when you sign on with them. Initially, most brokerages have a standard commission split that they offer to new agents. Once you’ve got some experience under your belt, or reach a certain production threshold, your broker will usually increase your commission split.

FREE Download: What can you expect costs to be in your first year as a real estate agent?

In a nutshell, the commission split works like this. Say you sell a $300,000 home, and the average agent commission in your area is 6%. First, that 6% commission gets split between the buying and selling agent (3% for each of you). If you’re representing both the buyer and the seller, congratulations: you keep the full 6%.

Let’s say you’re representing just the buying side. That 3% amounts to $9,000. Now, you’ll need to share that with your broker. If you’re on a 60/40 split, that means you’ll take home $5,400. Just remember that, as an independent contractor, you’ll be responsible for your own taxes. This number is pre-tax and pre-expenses.

Step 2: Estimate real estate agent salary with trends

According to data collected for the National Association of REALTORS® 2020 Member Profile, REALTOR salaries differ slightly from other real estate agent salaries, but the average REALTOR’s earnings is a good estimate for a typical real estate agent salary. Here are a few statistics to commit to memory:

  • REALTOR median yearly income is around $49,700.
  • REALTORS with 16 years of experience or more averaged nearly $86,500 per year.
  • 27% of REALTORS earned more than $100,000 per year.

Income optimism continues. According to those agents who responded to our survey, published in our 2020-2021 Real Estate Agent Income Guide, the majority of both real estate agents and brokers indicated they earned more from the real estate business in 2019 than they did in 2018.

real estate agents and brokers earned more in 2019 than they did in 2018

Find the best real estate brokerage to work for with our FREE downloadable worksheet.

Step 3: Calculate real estate commission based on sales

Since your real estate agent salary will likely be commission-based, how much you make each year will depend on how many sales you have. When you start to investigate a career in real estate, research your target market. How many homes are selling each month in that market? How many agents are there? Is it a big enough market for you to reach your financial goals?

If you’re planning to sell real estate in a large metropolitan area, you’ll probably find plenty of business available. But let’s say you’re interested in selling real estate in a small coastal community of the shores of North Carolina. How many homes sell each month? How many agents will you be competing with? What’s the average home price in that part of the country? Those factors will all influence your real estate agent salary.

What other factors will affect your real estate income? Check our article: 7 Costs to Consider When Starting a Real Estate Career.

According to the Bureau of Labor Statistics, agents in large metropolitan areas make higher salaries. This is in part due to the number of homes that sell each year. But it’s also because of the average price of the homes they sell. On the other hand, agents in small communities can do very well if they specialize in high-end real estate sales.

Step 4: Earn more in your real estate career

One of the best ways to increase your earnings potential is through real estate education. For example, you could earn a specialist designation for luxury home marketing or for helping military families relocate. By doing so, you develop a specialty niche that allows you to cater to a wider pool of potential buyers. For more information on how to increase your real estate agent salary, see our article: 5 Ways New Real Estate Agents Can Boost Their Salaries.

Ready to start your real estate career? Download our free guide: Is a Real Estate Career Right for You?

Sours: https://www.realestateexpress.com/career-hub/real-estate-salary/real-estate-agent-salary-understanding-commission/

What's The Average Missouri Real Estate Commission In 2021?

How commission works | How to save on commission | The current Missouri housing market | The best low commission companies | Methodology

📊 The data: We surveyed local agents and found that the average real estate commission in Missouri is 5.92%, which is higher than the national average of 5.50%.

That means, to sell an average Missouri house worth $196,700 you’ll pay about $11,600 in realtor fees.

Realtor commission is usually the largest cost you'll face when selling your home — but you don't have to pay the full 5.92%.

Selling with a discount real estate company like Clever could help you save thousands on commission. Clever negotiates 1% listing fees with full-service Missouri realtors from top brokers.

On that same $196,700 home — you'd pay just $8,600, up to 26% less than paying average rates.

» SAVE: Sell with Clever for 1% listing fees and save thousands in commission!

Below, we cover everything you need to know about Missouri real estate commission fees and share tips on how to save more when you sell.

How real estate agent commission works in Missouri

There are usually two real estate agents involved in a home sale:

  • The seller's agent (also called the listing agent), who represents the home seller
  • The buyer's agent, who represents the person buying the home

Both agents earn a percentage of the home's final price when the sale closes. This payment is called real estate agent commission, and it's baked into the sale price when you sell your home.

Based on our research, the average commission split in Missouri has 51.9% of the commission going to the listing agent and 48.1% going to the buyer's agent.

» LEARN:How do real estate commissions work?

Who pays realtor fees in Missouri?

In Missouri, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal.

However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.

» LEARN: Who pays realtor commission?

How to save on real estate commission in Missouri

💰 Best ways to save on commission:

  • Negotiating lower rates with a traditional realtor
  • Working with a low commission real estate company

Keep reading to learn how you can negotiate cheaper rates or find low commission companies that negotiate lower realtor fees for you!

Tips for negotiating realtor commission in Missouri

Whether you’re selling a loft in downtown St. Louis, a family home in Kirkwood, or a commercial property in Kansas City, you can almost always negotiate a lower commission rate — if you know how to ask!

Negotiating a lower realtor percentage in Missouri depends on two main factors: your situation and the housing market.

Your situation

  • You're selling a high-value home
  • You have a personal relationship with a realtor
  • You can offer a realtor repeat business

The Missouri housing market

  • Homes are selling quickly
  • There are relatively few homes listed for sale
  • Home values are rising

While your personal situation will obviously vary, Missouri real estate market conditions will affect all home sellers in your area.

In general, in a seller's market — where home sellers have more leverage than buyers — a listing agent's job is easier and they may be more willing to lower their commission rates. The opposite is usually true in a buyer's market.

» LEARN: Find our top tips for negotiating lower commission fees

To judge the current state of your real estate market, look at these three factors:

  • Months of inventory ⓘ
  • Sale to list price ⓘ
  • Home value trends ⓘ

If every factor points to Missouri being a seller's market, then you may be in a good position to negotiate a lower commission rate with your agent. If market conditions are mixed or favor buyers, it may be more challenging to persuade your realtor to accept a cheaper fee.

The current state of the Missouri real estate market

Months of inventory

There's 0.8 months of housing inventory on the market

Seller's market

Sale-to-list ratio

Homes are selling for 101.40% of their listing price

Seller's market

Home values

Home values have risen 14.1% year over year

Seller's market

Find a top realtor in Missouri

Ready to negotiate with an agent in your area? We looked at the data and found the top Missouri agents for you.

» FIND: The best Missouri realtors by city

Low commission real estate companies in Missouri

Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.

These are some of the top discount and flat-fee MLS services in Missouri.

The top discount real estate companies in Missouri

Discount real estate companies typically offer full-service support for a reduced commission percentage or flat rate. Like traditional agents, these agents are fully licensed and have met all of the requirements of the Missouri real estate commission board. How they create those discounts will depend on the company's model, with some creating more risks and tradeoffs than others.

💲 Listing Fee

$3,000 or 1%

⭐ Avg. Customer Rating

4.89/5 (1,208 reviews)

✍️ Editor's Take

Pros

Cons

Reviews

Locations

Clever is a quick, easy, and free way to find a top-rated local agent. And, unlike many similar companies, Clever pre-negotiates big discounts on your behalf, so you can save thousands without sacrificing on service.

Try Clever for free — save thousands on commission

  • Free, nationwide agent-matching service that partners with full-service local agents from conventional brokerages like Keller Williams, Century 21, and RE/MAX
  • Provides multiple agent matches so you can interview, compare marketing plans, and choose the best fit
  • Pre-negotiates low rates on your behalf — you get full service for a flat $3,000 listing fee, or just 1% if the home sells for more than $350,000
  • If you buy with Clever, you could get a check worth up to 0.5% of the home price
  • You may not get matched with an agent from your preferred real estate brokerage.
  • Agents may not provide premium services like drone photography and professional home staging.

As of October 7, 2021, Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,203 reviews.

Read reviews from real Clever customers here.

Clever has pre-negotiated low commission rates with top agents in all 50 states, Puerto Rico, and Washington, DC.

SHOW MORE

💲 Listing Fee

1.5% (min. fees vary)

⭐ Avg. Customer Rating

3.9/5 (395 reviews)

✍️ Editor's Take

Pros

Cons

Reviews

Locations

Redfin offers real savings and a proven brand. But sellers could compromise on service — especially agent experience and availability.

Read the full Redfin review.

  • If you buy and sell with Redfin, you'll get a 0.5% listing fee discount
  • Redfin gives its listings premium placement in its popular home search app
  • If finding the right agent is a top priority, you'll have limited options — Redfin only has a few agents in each of its markets
  • Redfin agents handle more customers at once than the average realtor, so they may not be able to provide as much personalized service

Redfin has a 3.9 out of 5 rating (395 reviews) across popular review sites like Google and Yelp.

Read reviews from real Redfin customers here.

Redfin is available in 80+ U.S. markets (see all locations).

SHOW MORE

💲 Listing Fee

Up to $4,000

⭐ Avg. Customer Rating

4.7/5 (1094 reviews)

✍️ Editor's Take

Pros

Cons

Reviews

Locations

Trelora's flat fee offers big savings at higher price points — but the company may provide less personalized service and local support than a traditional agent.

Read the full Trelora review.

  • Trelora's flat listing fee offers huge savings on expensive homes
  • Unlike some flat-fee brokers, Trelora provides complete in-person support (including open houses)
  • Trelora agents juggle up to 20x as many customers as the average realtor
  • Since agents handle so many customers at once, you'll be competing with a LOT of other people for your agent's time and attention
  • This high-volume approach greatly increases the risk of mistakes, oversights, and delays that could impact your experience

Trelora has a 4.7 out of 5 rating (1094 reviews) across popular review sites like Google, Yelp, and Zillow.

Read reviews from real Trelora customers here.

Trelora is available in the following areas: AZ, CO, NC, SC, WA.

SHOW MORE

» LEARN:How do discount real estate brokers offer lower fees?

The top flat-fee MLS listing services in Missouri

Flat-fee MLS services list your home on your local MLS for a low fee, often around $100-300. The trade-off is that you'll have to handle almost the entire home-selling process yourself. If you're a real estate novice, or simply don't have the time to sell your home without a realtor, this might not be a good option.

Best For

Sellers looking for a simple listing at the lowest possible price.

Pros & Cons

Pros:

  • You'll recieve a basic listing for the lowest possible price - lower than all competitors in the area.
  • Your listing is supported by a real estate brokerage, so you can upgrade to agent support at any time without a cancellation fee.

Cons:

  • Specific details regarding your listing services aren't available until you've submitted your information to the company, so you won't know what you're getting ahead of time.

SHOW MORE

Best For

Sellers looking for greater service and support.

Pros & Cons

Pros:

  • All necessary seller's disclosures are included in any package.
  • A yard sign and lockbox are included for free in most packages.

Cons:

  • Listing periods are shorter than competitors in a similar price range.
  • The base package is fairly spare - offering only 8 photos and no additional services.

SHOW MORE

» MORE: What you need to know about flat-fee MLS services.

Learn more

Missouri combines the quaint charm of the Midwest with the genteel courtesy of the South. Add in its low cost of living, and you have a tremendously appealing place to live. There are charming small towns throughout the state, Branson is a major tourism hub, and St. Louis is a major city undergoing a major resurgence.

Home values have nearly doubled in Missouri over the last decade, though they’re still below the national average. That suggests there’s a lot of value to be found here, especially in urban markets that are experiencing revitalization. Low inventory should keep demand high for the foreseeable future, making this a great market for investors and buyers alike.

If you’re interested in saving thousands on real estate commission when you sell, Clever has already pre-negotiated low listing rates of only 1%, or $3,000, with some of Missouri’s top real estate agents. Contact Clever today to find out how much you can save!

Methodology

Our data on commission rates is based on a survey of 915 of our partner agents, in which we asked for typical rates for both buyer's and seller's agents in their area.

Additionally, we utilized the following data from Zillow and Realtor.com:

  • Home values, list prices, and sale prices: Based on Zillow data as of August 2021
  • Sale prices and sale-to-list ratios: Based on Redfin data as of April 2021 (unless specified otherwise)
  • Months of inventory: Based on Realtor.com data as of September 2021

Additional Resources for Missouri Home Sellers

Sours: https://listwithclever.com/average-real-estate-commission-rate/missouri/
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Real estate agent salary in Missouri

The average salary for a real estate agent in Missouri is around

Avg Salary

Real estate agents earn an average yearly salary of $48,920.
Wages typically start from $24,470 and go up to $86,040.

17% below national average ● Updated in 2018

Real estate agent earnings by seniority

Approximate values based on highest and lowest earning segments.

Real estate agent salary by state

State NameAverage Salary
Alaska$70,267
Alabama$51,250
Arkansas$32,725
Arizona$50,640
California$59,420
Colorado$60,990
Connecticut$38,580
District of Columbia$45,800
Delaware$43,940
Florida$58,730
Georgia$44,500
Hawaii$64,940
Iowa$52,138
Idaho$57,674
Illinois$51,155
Indiana$48,562
Kansas$48,090
Kentucky$46,162
Louisiana$35,860
Massachusetts$58,760
Maryland$57,450
Maine$46,500
Michigan$46,160
Minnesota$40,870
Missouri$48,920
Mississippi$46,380
Montana$44,300
North Carolina$59,920
North Dakota$64,090
Nebraska$43,610
New Hampshire$46,930
New Jersey$51,400
New Mexico$49,540
Nevada$47,480
New York$116,460
Ohio$35,190
Oklahoma$42,290
Oregon$49,162
Pennsylvania$54,770
Puerto Rico$62,640
Rhode Island$65,680
South Carolina$42,160
South Dakota$56,860
Tennessee$51,100
Texas$69,594
Utah$51,710
Virginia$49,690
Vermont$56,380
Washington$54,630
Wisconsin$41,080
West Virginia$63,690
Wyoming$71,430

How much does a Real Estate Agent earn?

How much agents make depends on the number of transactions they complete, the commission paid to the brokerage, and their split with the sponsoring broker. It is very hard to make money as a real estate agent right away. Most first-year real estate agents earn very little at first, primarily because they are struggling to learn everything while they build a client base. Agents who are just starting out typically receive a low commission split while they learn the business (it is not unusual for a first-year agent to make about 50% of the commission paid to the broker).

Being a real estate agent is like running a business. It takes time and a lot of effort to build up a business. In the beginning, you have to work hard and get out of your comfort zone. Once you build up the business and get clients, business will come to you and you will not have to put as much effort into the business.

There are almost one million real estate agents in the United States. Income statistics can be very misleading because there are many part-time agents. The median income for a full-time real estate agent in 2012 was over $54,000. The median income is over $87,000 a year for those who work more than 60 hours per week. More than 21 percent of realtors make over $100,000 a year, which shows realtors can make a lot of money when they work full-time and have a plan.

Top producers earn a lot more than the average real estate agent. Each real estate office sets its own standards for top producers, but it's probably safe to say that a top producer would need to sell at least one home a month to qualify. Mega-stars earn $200,000 per year and up.

How do real estate agent salaries compare to similar careers?

Real estate agents earn about the same as related careers in Missouri. On average, they make less than court reporters but more than advertising sales agents.

Source: CareerExplorer (Aggregated)

Sours: https://www.careerexplorer.com/careers/real-estate-agent/salary/missouri/
How Much Do Real Estate Agents ACTUALLY Make?

Missouri Salesperson Pre-Licensing How To Get a Real Estate License In Missouri

5 Steps Toward Getting Your Missouri Salesperson License

Getting your Missouri real estate license might seem daunting, but we’re here to guide you
through the process.

Read on to learn about the five steps you’ll need to complete before starting your career in Missouri real estate. To learn about how much it costs to get your real estate license, visit our Missouri Pre-Licensing pricing page.

Buy your Missouri Pre-Licensing »

Prequalification

To start, you must be at least 18 years of age.


  1. Complete 72 Hours of approved Pre-Licensing education.

    Successfully complete an approved 72 clock-hour Pre-Licensing course. This includes a 48-hour Pre-Licensing course, followed by the Missouri 24 hour Real Estate Practice (MREP) class. Learn more about your package options here.

  2. Pass the course final exam.

    After you complete all the course materials, meet the minimum time requirement, and pass the practice exam, there is a course final exam. The minimum passing score is 75%.

  3. Pass the Missouri real estate examination.

    PSI administers the Missouri real estate licensing exam. This 140 question test has two portions, covering both state and national requirements. There are 100 questions for the national section and 40 for the state portion. You will have 4 hours to complete both. For more information, see the PSI candidate exam information here.

    If you want help passing your Missouri real estate exam, The CE Shop also offers comprehensive Exam Prep tailored to Missouri.

  4. Complete the background check/fingerprint requirement.

    You must submit a set of fingerprints through the statewide vendor IDEMIA. This is for the purpose of conducting a Missouri and national fingerprint-based criminal history background check utilizing records of the FBI. For more information click here.

  5. Complete your real estate license application.

    Click here to apply for your Missouri real estate salesperson license with the Missouri Division of Professional Registration.

DOWNLOAD THE STEPS »

Get Your License Online

The CE Shop’s online platform, self-paced courses, and   student satisfaction are only some of the reasons that makes us the best in real estate education. Take the first step in your real estate career today!

GET LICENSED »
Screenshot of a The CE Shop course in LEAP
Sours: https://www.theceshop.com/missouri/pre-licensing/how-to-become-real-estate-agent-missouri

Salary missouri realtor

Missouri Salesperson Pre-Licensing MO Real Estate License FAQs

Can I get a Missouri real estate license online?

Yes, the state of Missouri allows a future Salesperson to earn their real estate license online. If you're interested in getting your Missouri real estate license online, learn more about your available options here.

How Do I Obtain a Missouri Real Estate License?

To obtain a Missouri Salesperson real estate license, candidates must complete the following steps:

  • Complete your Pre-Licensing education - First-time licensee candidates are required to take and pass two pre-licensing courses
    • 48-Hour Missouri Salesperson Pre-Examination Course (Must be completed before the licensing exam)
    • 24-Hour Missouri Real Estate Practice Course (Must be taken after the first course but can also be taken after the exam)
  • Complete the course final exam
    • To pass, the exam score must be 75% or higher
  • Schedule and pass your licensing exam with PSI (formerly AMP)
  • Complete the fingerprint requirement
  • Complete the application for license

You can download all 5 steps here.

How Long Does It Take to Get a Missouri Real Estate License?

The time it takes to get your Missouri Salesperson real estate license varies per person due to the requirements that must be met; pre-licensing coursework, final exam, background check, and application processing. The most time-consuming part of getting your Missouri real estate license is completing the 72-hour Pre-Licensing package itself. Depending on the candidate, the background check may take some time as well. For more information on the licensing process, please click here.

How Much Does It Cost to Get Your Missouri Real Estate License?

The fixed costs involved in obtaining a Missouri Salesperson real estate license include $90 for the application ($50 goes to the application fee and $40 for the original issuance of the license), $43.05 for the fingerprinting and background check fee, and $65 for the licensing examination fee. Varied costs include the tuition and fees associated with the required Pre-Licensing courses.

Note: These costs are subject to be changed by the state at any time.

Are the Real Estate License Requirements Different If I Am Not a Missouri Resident?

The Salesperson real estate license requirements for non-Missouri residents are the same as those for Missouri residents. The Pre-Licensing courses, licensing exam, fingerprint and background check, and application process are the same for all candidates. For more information, please click here.

What Are the Missouri Requirements for Continuing Education?

Each real estate licensee must complete a minimum of 12 hours of real estate instruction approved by the Missouri Real Estate Commission. At least three of the 12 hours must be considered core credits in a course approved by the DPR. The remaining hours can be either approved elective or core continuing education credit.

The CE Shop offers all the continuing education credits you need for Missouri here.

What courses are required for a Missouri real estate license?

The state of Missouri requires 72 hours of approved Pre-Licensing education. Learn more about your Pre-Licensing package options, and take the first step toward getting your real estate license.

Do you need to have a diploma or GED to get your Missouri real estate license?

No, you do not need to have a high school diploma or GED to apply for a real estate license in Missouri. The only requirement is that you are at least 18 years of age or older.

What is the average salary for a Missouri real estate agent?

Multiple factors are taken into account when calculating average real estate salaries, including the number of real estate transactions per year and commission fees. On average, a full-time real estate Salesperson in Missouri can expect to make between $45-55k per year, according to ZipRecruiter.com. Among higher earners, a Missouri real estate Salesperson can earn over six figures annually.

Can a felon get a Missouri real estate license?

Being convicted of a crime might impact your ability to become licensed. Please contact the Missouri Real Estate Commission for more information.

Where do I take the Missouri real estate license exam?

Examinations are administered throughout the state at four PSI testing centers. Exams are offered five days a week in St. Louis, Kansas City, Springfield, and Jefferson City. For more information about times and locations, visit the Missouri Real Estate Commission webpage.

How old do you have to be to get your Missouri real estate license?

To get a Missouri real estate license, the Missouri Real Estate Commission requires you to be at least 18 years of age.

Does Missouri have real estate license reciprocity with any other states?

Agents seeking reciprocity for a license in Missouri must:

  1. Be 18 years of age.
  2. Show evidence of being fingerprinted through the approved statewide vendor.

Additional requirements depend on the license type being sought.

Agent seeking reciprocity for a Salesperson License in Missouri must complete either option below:

  • If you are a licensed attorney:
    1. Pass both state and national portions of the Missouri licensing exam (education is waived).
    2. Submit a completed application with a copy of current Bar card within 6 months of completion of the exam.
  • If you are a current and active real estate license in another jurisdiction:
    1. Pass the State portion of the Missouri licensing exam.
    2. Complete the 24-hour Missouri Real Estate Practice Course (MREP). MREP may be completed before or after the exam date.
    3. Complete application must be submitted, with a current license history certification from the jurisdiction where already licensed within the last 3 month, within 6 months of exam completion date.

Agents seeking reciprocity for a Broker license in Missouri must complete any option below:

  • If you hold a current and active Broker license in another jurisdiction:
    Sours: https://www.theceshop.com/missouri/pre-licensing/mo-real-estate-license-requirements-faq
    how much can you make as a 1st Year Real Estate Agent 2019

    Last year, we took a look at how much real estate agents earn on average in all 50 states based on data from the Bureau of Labor Statistics’ (BLS) 2018 Occupational Employment Statistics data. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. Based on the latest BLS data, the average real estate agent annual wage in the United States is $62,060, while the average annual wage for real estate brokers is $81,450.

    These two occupations inevitably have very different salaries depending on where you’re working. From state to state, the average salaries for real estate agents and real estate brokers can vary significantly. For example, while the national average annual wage for real estate agents is just over $60,000, in the top-earning state for real estate agents, the average salary is $111,800, which is close to double the national average. Read on to find out where real estate agents and brokers earn the most money and where they earn the least.

    10 States Where Real Estate Agents and Real Estate Brokers Earn The Most Money

    When comparing the highest-paying states for real estate agents versus real estate brokers, there are only three states that are among the top-10 states for both occupations. The other seven states where real estate agents earn the most are different than the ones where real estate brokers earn the most. Here’s a closer look at where real estate agent salaries are the highest.

    10 States Where Real Estate Agents Earn The Most Money

    Here’s a breakdown of the top-10 states in which real estate agents earn the most money on average:

    1. New York average real estate agent salary: $111,800
    2. Massachusetts average real estate agent salary: $84,180
    3. Connecticut average real estate agent salary: $79,780
    4. Alaska average real estate agent salary: $79,360
    5. Colorado average real estate agent salary: $76,850
    6. Utah average real estate agent salary: $75,170
    7. California average real estate agent salary: $74,140
    8. Texas average real estate agent salary: $72,830
    9. Wyoming average real estate agent salary: $71,460
    10. Hawaii average real estate agent salary: $71,140

    Perhaps not surprisingly, New York, with the insanely expensive real estate of New York City, its suburbs and Long Island, is where real estate agents earn the most, an average of $111,800 a year. The top-10 states for real estate agent salaries are primarily in the Northeast and out West, including both Pacific Coast and the mountain states of Colorado and Utah.

    10 States Where Real Estate Agents Earn The Least Money

    Here’s a breakdown of the bottom-10 states in which real estate agents earn the least money on average:

    1. Illinois average real estate agent salary: $42,130
    2. Minnesota average real estate agent salary: $46,130
    3. Idaho average real estate agent salary: $47,350
    4. Ohio average real estate agent salary: $47,420
    5. Indiana average real estate agent salary: $47,670
    6. South Carolina average real estate agent salary: $48,560
    7. Delaware average real estate agent salary: $49,410
    8. Nebraska average real estate agent salary: $49,860
    9. New Hampshire average real estate agent salary: $49,970
    10. North Carolina average real estate agent salary: $50,160

    The states in which real estate agents earn the least tend to be located in the U.S. Midwest and South regions, although Idaho is part of the West region. Illinois, where real estate agent salaries are the lowest, has seen a dramatic fall in real estate agent wages over the last five years. From an average annual wage of $75,270 in 2014, the average real estate agent salary has fallen by 44% as of 2019, where the current average is a mere $42,130 a year. Delaware, too, has seen a substantial decline in wages, with its average real estate agent salary dropping by 18.5% since 2014, when it stood at $60,600.

    10 States Where Real Estate Brokers Earn The Most Money

    The average real estate broker salaries tend to be a bit higher than real estate agent salaries in most states. As mentioned before, only three states overlap between these two lists of states: California, Massachusetts and Texas. One thing to note, however, about average wages for real estate brokers is that the BLS data is less complete than for real estate agents, in this case not having salary data for 11 states.

    Here’s a breakdown of the top-10 states in which real estate brokers earn the most money on average:

    1. New Mexico average real estate agent salary: $112,860
    2. Massachusetts average real estate agent salary: $109,140
    3. California average real estate agent salary: $104,120
    4. New York average real estate agent salary: $99,930
    5. Texas average real estate agent salary: $95,150
    6. Nevada average real estate agent salary: $93,850
    7. Wisconsin average real estate agent salary: $93,400
    8. Maryland average real estate agent salary: $92,540
    9. Indiana average real estate agent salary: $89,720
    10. North Carolina average real estate agent salary: $84,770

    New Mexico has experienced an incredible rise in real estate broker salaries. In 2016, the average annual wage for real estate brokers in the state was only $46,130. As of 2019, the average is $112,860, an increase of 144.7% in just three years. About half the states on this list, however, have actually seen salaries decline from 2014 to 2019, while real estate broker salaries increased in California, Wisconsin, Maryland and North Carolina.

    10 States Where Real Estate Brokers Earn The Least Money

    Here’s a breakdown of the bottom-10 states in which real estate brokers earn the least money on average:

    1. Illinois average real estate agent salary: $46,820
    2. Oklahoma average real estate agent salary: $47,350
    3. Utah average real estate agent salary: $47,460
    4. Louisiana average real estate agent salary: $50,590
    5. Alabama average real estate agent salary: $50,810
    6. South Dakota average real estate agent salary: $53,060
    7. Minnesota average real estate agent salary: $54,060
    8. Missouri average real estate agent salary: $54,920
    9. Vermont average real estate agent salary: $55,250
    10. Nebraska average real estate agent salary: $59,330

    Once again, Illinois ranks as the worst state for real estate broker salaries. The state has witnessed a major decline in wages, with the average annual salary for real estate brokers being $90,700 in 2014, before falling by 48.4% to a current average of $46,820. Oklahoma, though having the second-lowest average annual wage, has at least seen real estate broker salaries rise by 24.7% over the last five years.

    How Much Real Estate Agents and Real Estate Brokers Make In Every State

    Below are two tables featuring a full breakdown of the average annual wages of real estate agents and brokers in every state there was available data for. Also included is the five-year change from 2014 to 2019.

    How Much Real Estate Agents Earn in Every State

    Here’s a breakdown of the average annual wage for real estate agents in all 50 U.S. states.

    How Much Real Estate Brokers Earn in Every State

    Here’s a breakdown of the average annual wage for real estate agents for as many U.S. states that the BLS has updated data for.

    Follow me on Twitter or LinkedIn. 

    I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real estate and housing markets. My work has

    I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real estate and housing markets. My work has appeared on MSN, Yahoo Finance, Fortune, CNBC, CBS, U.S. News and more.

    Sours: https://www.forbes.com/sites/andrewdepietro/2020/07/27/real-estate-broker-real-estate-agents-salary-state/

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