Sunday, January 10, 2010

Average annual income of a real estate agent

Some people think real estate agents earn huge money, millions per year! LOL

Too bad that is not the case.

If you take the total number of properties sold on the Toronto Real Estate Board (TREB) last year multiplied by the average selling price and then take 2% commission as the average per side in the transaction then the 'average' agent earned approximately $31,000 in 2009

87000 properties sold last year on TREB, 23000 realtors on TREB, average price $411,000 and 2.0% average commission per end equals $31000 average income on TREB
(87 000 / 23 000) * 411 000 * .020 = 31 093
In the US the average sales agent earns about $28,400 and the average for brokers and sales reps is about $36,700 (just another reason, besides the warm weather, to move to the US! LOL)

Median Gross Personal Income of REALTORS®

YEAR

Brokers/
Broker-Associates

Sales
Agents

ALL REALTORS®

2008

$49,300

$28,400

$36,700

2007

$65,200

$31,000

$42,600

2006

$73,300

$34,600

$47,700


All the best!
Mark

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

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Website : Mississauga4Sale.com

5 comments:

  1. Something interesting way to find real estate agents income! really useful post and informative...2% commission for real estate agents is quite feasible...

    Thanks,
    Boris - real estate agent commission split

    ReplyDelete
  2. Salary ranges agency. Usually depends on the amount of work by the Agency. There are some agencies that offer to pay based on the number of real estate sale was an employee. In general, the annual salary of a real estate agent, works in any company, ranging $ 25,000 and $ 75,000.

    Condominium Association Management

    ReplyDelete
  3. It's not hard to get a real estate license unless you can't carry out the training requirements. Some schools offer programs for those who want to start a real estate business. Of course, you should consider the expertise of those who will train you. That's the most important consideration you need to make.

    ReplyDelete
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