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Asked by Deveraux Severin, New Orleans, LA Wed Jul 16, 2008

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3
Mr. Melby, , Milton, MA
Thu Jul 17, 2008
The median gross household income for all REALTORS® - which includes income from all sources, not just real estate - was $98,700 in 2007. That does represent a decrease from the median $101,700 in 2006, and likely is due to slower home sales activity. For broker and broker-associate licensees the median household income was higher at $118,300. For sales agent licensees, the median household income was $90,800.

But, as in other professionals, as experience increases so do earnings. REALTORS® with less than two years of experience had a median gross household income of $79,300 in 2007. Those with more than 16 years of experience reported a median gross household income of $119,000 in 2007.

So, my guess is that the average real estate agent makes somewhere between $30K and 50K on the high end. For the vast majority, not an extremely lucrative career regardless of what the public thinks.

Typical deal around Boston area: $400K home, listed at 5%. When sold, $10K to listing brokerage, $10K to selling brokerage. Typical split with the brokerage for large firm average real estate agent 60% for agent, 40% for brokerage. So, say, roughly, average $5K for agent per deal. Average agent in a normal market (not this market, which is very slow) does, say, eight to 10 deals per year. So, earnings roughly $40K to $50K.
0 votes
Mr. Melby, , Milton, MA
Thu Jul 17, 2008
The median gross HOUSEHOLD income for all REALTORS® - which includes income from ALL sources, NOT just real estate - was $98,700 in 2007. That does represent a decrease from the median $101,700 in 2006, and likely is due to slower home sales activity. For broker and broker-associate licensees the median household income was higher at $118,300. For sales agent licensees, the median household income was $90,800.

But, as in other professionals, as experience increases so do earnings. REALTORS® with less than two years of experience had a median gross household income of $79,300 in 2007. Those with more than 16 years of experience reported a median gross household income of $119,000 in 2007.

So, my guess is the average real estate agent makes somewhere between $30K - $50K on the high end.
0 votes
Carlin, , Chicago, IL
Wed Jul 16, 2008
Well about 50% make nothing and get out of the business after the first year. There is a stat that 20% of the Realtors do 80% of the business. Thank goodness I am in the 20%.
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