How much money do real estate agents make in Washington state?

Do real estate agents make good money in Washington state?

According to Indeed.com, the average salary for a Washington REALTOR® is $84,459. That wage is about 36% above the national average for all American job salaries!

How much does a new real estate agent make in Washington state?

$56,642 is the 25th percentile. Salaries below this are outliers. $112,206 is the 75th percentile.

What does the average realtor make in Washington state?

The average salary for a real estate agent in Washington is around $54,630 per year.

Do real estate agents make a lot of money?

According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000.

What are high paying jobs?

Highest-Paying Careers

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Rank Occupation 2020 Median wages
Annual
1 Anesthesiologists $100.00+
2 General Internal Medicine Physicians $100.00+
3 Obstetricians and Gynecologists $100.00+

How long does it take to become a real estate agent?

You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.

What do most real estate agents make their first year?

According to Indeed, the average salary is just over $83,000 for first-year full-time agents — but this rate can vary greatly. As a recent 2020-2021 report reveals, many agents start out by earning a significantly lower salary but actually double their income once that first year is under their belt.

How much does a realtor make in Seattle?

The average salary for a real estate agent is $100,863 per year in Seattle, WA. 125 salaries reported, updated at January 24, 2022.

How much does a top real estate agent 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.

How do I become a realtor in Washington State?

The five steps to becoming a Washington real estate agent are as follows:

  1. Step 1: Be at Least 18 Years of Age. …
  2. Step 2: Complete Your Required Education. …
  3. Step 3: Take the Washington Broker’s Exam. …
  4. Step 4: Have Your Fingerprints Taken. …
  5. Step 5: Apply For Your State License.
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What is a broker vs agent?

Real estate agents have a professional license to help people buy, sell, and rent real estate. They must work for a sponsoring broker or brokerage firm. Brokers are real estate agents who have completed additional training and licensing requirements.

How much does a real estate assistant make in Washington State?

The average salary for a real estate assistant is $18.05 per hour in Washington State.

How do Realtors get rich?

There are two primary ways for real estate agents to get rich. The first way is to build a business with value that can be sold for an attractive price. The second way is to focus on converting commission income into wealth. … To get rich, you must consistently and proactively turn commission income into wealth.

Is real estate a good career in 2020?

The real estate market is ever-shifting. … The fluctuations within the real estate market have been worse in 2020 due to the COVID-19 pandemic that has caused many sellers to pull off their listings and interest rates to hit a record low. Still, we believe it’s a good time to become a realtor.