Frequent question: How much does a real estate agent make in Northern Virginia?

How much do Realtors make in Northern Virginia?

Frequently asked questions about a Realtor salaries

The highest salary for a Realtor in Fairfax, VA is $161,569 per year. The lowest salary for a Realtor in Fairfax, VA is $30,600 per year.

How much do full time real estate agents make in Virginia?

The short answer is that the average full-time Virginia real estate agent makes $66,230 a year, or $31.84 an hour.

How much money do Realtors make in Virginia?

According to the Bureau of Labor Statistics, Virginia real estate agents earn an annual mean wage of $66,230. This is especially impressive when you consider than most states fall in the $41,000 – $57,450 range as shown in the chart below. And that’s just the average, which skews low because of two key factors.

Is real estate a good career in Virginia?

Your earning potential in Virginia

Even though the state is diverse, the real estate market is healthy throughout, according to the Virginia Association of Realtors.

What is Realtor salary?

REALTOR median yearly income is around $49,700. REALTORS with 16 years of experience or more averaged nearly $86,500 per year. 27% of REALTORS earned more than $100,000 per year.

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Do Realtors make good money?

Get Your California Real Estate License! According to the Bureau of Labor Statistics, the average income for Real Estate agents in the state of California is $73,450. California is one of the top earning states for Real Estate agents. Hard work is essential to high salaries, however.

What is the difference between a realtor and a real estate agent?

Real estate agents have a professional license to help people buy, sell, and rent real estate. … A Realtor is a licensed real estate agent or broker (or other real estate professional) who is a member of the National Association of Realtors (NAR). Members must comply with NAR’s strict Code of Ethics.

Do real estate companies pay hourly?

Many real estate agents are paid a weekly wage, which builds up between sales. They don’t earn any of their commission until it exceeds what they’ve earned in payments – kind of like a ‘wage debt’.

Why do real estate agents get paid so much?

They charge a lot because it takes work and money to market, it is hard to get licensed and become a real estate agent, they have to pay for dues and insurance and real estate agents usually have to split their commissions with their broker. …

How much does a realtor make in Virginia Beach?

Salaries by years of experience in Virginia Beach, VA

Years of experience Per year
1 to 2 years $72,880
3 to 5 years
6 to 9 years
More than 10 years $95,624