Do real estate agents make good money in Los Angeles?

Multi-million dollar homes in Los Angeles and other areas mean there are real estate agents making well above the average salary. Star real estate agents in the state of California can make millions annually. … Agents practicing in areas like Los Angeles and Beverly Hills are more likely to earn higher sales.

How much money do real estate agents make in LA?

Most common benefits. The average salary for a real estate agent is $104,114 per year in Los Angeles, CA. 384 salaries reported, updated at December 17, 2021.

How much do top LA real estate agents make?

Most bring home less than $50,000 a year, Aaron estimates, while a top producer will make between $200,000 and $500,000. “Then you have the very, very, very top — a select few who make more than a million,” he says, adding: “And then there’s one level up, which is big, mega brokers.

Is real estate a good job to get into?

Working as a real estate agent or broker can be fulfilling and financially rewarding, but it’s not easy. A career in real estate requires drumming up business, promoting yourself, tracking leads, handling complex paperwork, providing customer service, and much, much more.

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Do real estate agents 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.

How competitive is being a real estate agent?

There is an 80 percent chance you won’t be doing this in two years. It’s sad, but true. This industry can chew up and spit out the best of the best salespeople there are. So much so that only about 20 percent of new licensees will renew once their two-year license period is up.

What type of Realtors make the most money?

Real Estate Broker

A real estate broker is permitted under law to negotiate and organize real estate dealings. A career as a real estate broker is one of the highest paying and lucrative professions in the real estate industry. On average, experienced brokers take home a six-figure pay.

Where do real estate agents make the most money?

10 States Where Real Estate Agents Earn The Most Money

Rank State 2017 Mean Annual Wage
1 New York $102,310
2 Texas $72,480
3 Hawaii $72,470
4 Alaska $71,030

Is real estate a dying career?

Real estate isn’t a dying career. In fact, there are more real estate agents in 2021 than perhaps ever before. However, the field is changing dramatically, with the advent of online marketing, VR and virtual tours, and easy online paperwork.

Why I quit being a real estate agent?

Most new real estate agents quit their first year because of the emotional toll of “fear of failure” and rejection. Nobody likes to feel rejected. Rejection is part of the job but remember that people are not rejecting you. They are rejecting the notion of buying or selling at that time.

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Is real estate a stressful job?

The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.

How many houses do I need to sell to make 100k?

How many houses does an agent have to sell to make $100,000 a year? If you are selling $100,000 houses and paying 40 percent of your commission to your broker you would have to sell over 50 houses a year to gross $100,000 a year.

Do real estate agents make good money in California?

California has the 6th highest annual average salary in the U.S. But that’s not the whole story. Salaries range from $24,970 for the bottom 10th percentile up to $123,700 in the top 10th percentile. California’s top earners rank 4th in the country.

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.