I want to know what the average salary for a Real Estate agent working in New Jersey and close to it, would be. I know its hard to say an average but i thought id ask anyway.|||The National Association of Realtors published sometime this year that the average agent does a little over 1/2 a transaction per month (0.6).
Most agents work off a split with their company. Let's say 60/40 split. That means the agent gets 60% of the commission and the office gets 40%.
Now you have to know what the average sales price in the area is. I'm in Salt Lake City, Utah. The average sale is around $290,000.
So 7.2 transactions per year would yield 7.2 x $290,000 = $2,088,000 gross sales.
Each office normal gets a 3% commission and the agent gets 60% of that or 1.8%.
So 1.8% of $2,088,000 is $37,584.
Therefore in Salt Lake City, Utah the average agent would make $37,584.
Just plug in the average sales price for the area you are interested in.|||$0 to 1million+
The average would be around 35,000. However, the income that you could earn really is unlimited.|||ZERO...a Realtor generally works on commission only. Nowadays the average is circa ***$30,000.
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