A new real estate salesperson who has been around for less than 2 years makes a gross median income of $8,930. 56% of new salespersons make less than $10,000 annually. Now, don’t let that number deter you. Approximately 40% of new salespersons are part-timers, and it’s hard to make more when they don’t have enough time or aren’t putting in more time. More time means more opportunities and more deals.
On the brighter side, those who stay in real estate longer earn more. In the 3-5 year experience range, the gross median income is $42,500. In the 6-15 year experience range, this gross median income is bumped up to $63,240. For those practicing real estate for 16 years or more, the gross median income is $78,850.
Real estate can be hard, but hard work definitely pays off!