What is the average income of a realtor in California? (2024)

What is the average income of a realtor in California?

As of Jan 18, 2024, the average annual pay for a Real Estate Agent in California is $85,825 a year. Just in case you need a simple salary calculator, that works out to be approximately $41.26 an hour. This is the equivalent of $1,650/week or $7,152/month.

Is it worth being a Real Estate Agent in California?

In California, real estate agents make an average of $90,000 a year. It's far from the highest-paid profession in the state, but therein lies the beauty, as it can be. Agents usually collect a commission of between 2 and 3%. The more clients they have and the more houses they sell, the more money they make.

What is the highest paid type of Real Estate Agent?

High Paying Real Estate Agent Jobs
  • Real Estate Officer. Salary range: $82,500-$137,000 per year. ...
  • Realtor. Salary range: $79,500-$125,000 per year. ...
  • Real Estate Broker. ...
  • Commercial Real Estate Agent. ...
  • Real Estate Rep. ...
  • Licensed Real Estate Agent. ...
  • Commercial Real Estate Assistant. ...
  • Property Consultant.

What states have the highest paid realtors?

10 States Where Real Estate Agents Make the Most Money
  • New Hampshire: A Picturesque Profit. ...
  • New York: The Sky-High Earnings of the Skyline. ...
  • New Jersey: Affluence Across the Hudson. ...
  • Colorado: Prosperity Amidst the Peaks. ...
  • Massachusetts: Historical Wealth. ...
  • California: Sunny Prospects in Sales. ...
  • Texas: The Lone Star Earnings.
Oct 5, 2023

How much does a Real Estate Agent make in the Bay Area?

How much does a Realtor make in San Francisco, CA? The average Realtor salary in San Francisco, CA is $106,033 as of December 27, 2023, but the salary range typically falls between $91,417 and $124,078.

Why I quit being a realtor?

Some common reasons why realtors may choose to leave their jobs could include feeling burned out from the long hours and high pressure of the job, feeling like they are not earning enough money, or simply wanting to try something new.

What are the cons of being a realtor?

The Pros and Cons of a Real Estate Career
  • Pro #1. Achieving Freedom. ...
  • Pro #2. Feeling Responsible. ...
  • Pro #3. Being Respected. ...
  • Pro #4. Excitement. ...
  • Con #1. Having Nothing to Do. ...
  • Con #2. Doing the Wrong Things. ...
  • Con #3. Weird Working Hours. ...
  • Con #4. Irregular Income.

What is the hardest state to become a realtor in?

Among all the states, Colorado and Texas stand out as having the most stringent criteria for obtaining a real estate broker license. In both of these states, aspirants must undergo rigorous study and examination processes to obtain their licenses.

How much do top 10% realtors make?

According to their research, as of the fall of 2022, the average annual salary for California agents was $91,363. But that's not the whole story. Nationwide, real estate agent salaries range from an average of $28,270 for the bottom 10th percentile up to $102,170 in the top 10th percentile.

Are most millionaires Real estate agents?

Out of the 250 top producing agents identified in the Real Trends survey, the following percentages of agents are found in the following five states: California: 44% New York State: 24% Florida: 7%

How much do top 1 realtors make?

Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

Is real estate agent a good way to make money?

If you sell enough properties, you can earn a very comfortable living. A career as a real estate agent or broker can be both challenging and financially rewarding. But keep in mind that there are many different unique opportunities for anyone who wants to work in the industry.

Where are the highest paid realtors?

According to Glassdoor's data, the top five highest-paying states for real estate brokers are Montana, Missouri, Massachusetts, California, and South Carolina.

What are the odds of making it as a realtor?

Being a successful real estate agent is easier said than done. After all, there's a reason 87% of real estate agents fail. However, knowing the mistakes these realtors make, such as failing to follow up with clients or not having adequate funding, can help you prepare and grow a successful real estate business.

What jobs make the most money in the world?

Top 25 highest-paying jobs in the world in 2024
RankJob TitleMedian Salary (US)
1Anesthesiologist$331,190
2Surgeon$323,570
3Oral and Maxillofacial Surgeon$311,460
4Orthodontist$267,280
21 more rows

How much does a real estate agent make per sale in California?

In a recent survey by FastExpert.com, we found that the average real estate agent commission in California is 5.14%. This is the total for both the buyer's agent and the listing agent and is generally split between the two 50/50.

Why is the first year of real estate the hardest?

Some new agents may not do what they need to do to be successful throughout the day. Or they may do too much of what doesn't lead to success. Besides money being a significant challenge in the first year, fear of rejection may also intimidate many new real estate agents.

What scares real estate agents the most?

Fear of Rejection

The possibility of rejection can terrify new real estate agents and cause them to turn away from opportunities. No one wants to hear they aren't likable or good enough.

Why do most real estate agents quit after 5 years?

A common reason why new real estate agents fail is because of their work ethic. Even though the profession permits flexible hours, the working hours are long. Also, one may have to work many nights, weekends, and holidays. For those starting, there is no substitute for hard work.

What do most realtors struggle with?

Three common mistakes that agents make is inadequate prospecting, failing to market properties in ways that lead to fast sales, and not following up with clients. Real estate agents must be motivated because generating leads and marketing listings takes creativity and hard work.

Is it hard to be successful as a realtor?

There's a lot that goes into becoming a successful agent. From startup costs and education to continued networking and marketing, there's never a time when you can 'turn it off'. While it does take a lot of hard work and effort on your part, being a real estate agent can be a very lucrative career.

Is it Ethical to be a Realtor?

In practice, Realtors are required to abide by the Code of Ethics as a way of doing business. The standard of conduct applies in a Realtor's dealings with: Their clients and customers: It's their duty to protect their client's best interest, but treat all parties involved in a transaction honestly.

Is the California real estate exam hard?

The difficulty of the real estate exam varies by state, but the California real estate exam is known to be one of the most difficult. In fact, the pass rate for the California real estate exam in the last two years was under 50%, which means it's incredibly competitive and difficult to pass.

What is the hardest real estate exam?

Most Difficult States To Obtain Your Real Estate License

Texas is largely considered the most difficult state to obtain your real estate license. Many factors go into this, primarily the sheer size of the state. Texas is also the prime destination for immigration internationally and domestically alike.

What state has the least realtors?

Key Real Estate Agent Figures
  • There are 106,548 real estate brokerages in the United States, or 14.7 Realtors for every brokerage.
  • Among the states, Florida has the most Realtors and Vermont the fewest.
  • Among cities, the Miami Metropolitan Area has the highest concentration of real estate sales agents.
Aug 24, 2023

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