Real Estate Agent Salary Washington
How much does a real estate agent make in Washington?
Real Estate Agent salary description
How do real estate agent salaries compare to similar careers
How much does a Licensed Real Estate Agent make in Washington?
As of Dec 9, 2021, the average annual pay for a Licensed Real Estate Agent in Washington is $78,794 an year. Just in case you need a simple salary calculator, that works out to be approximately $37.88 an hour. This is the equivalent of $1,515/week or $6,566/month.
While ZipRecruiter is seeing salaries as high as $139,181 and as low as $20,499, the majority of Licensed Real Estate Agent salaries currently range between $64,734 (25th percentile) to $107,891 (75th percentile) with top earners (90th percentile) making $117,601 annually in Washington.
The average pay range for a Licensed Real Estate Agent varies greatly (as much as $43,157), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job posting activity on ZipRecruiter, the Licensed Real Estate Agent job market in Washington is not very active as few companies are currently hiring.
Washington ranks number 8 out of 50 states nationwide for Licensed Real Estate Agent salaries.
To estimate the most accurate annual salary range for Licensed Real Estate Agent jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
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 Washington. On average, they make less than recruiters but more than clergies.