You Can Make Almost Double the National Average as a Real Estate Agent in Washington
Having a career in real estate gives you the opportunity to have limitless earning potential, but it all comes down to how hard you work. Luckily, in Washington, agents earn well over the national average of all American job salaries, especially when working 40+ hours a week.
Nationally, agents who work around 60 hours a week will earn closer to $100,000 on average. Depending on these Washington real estate market factors, this number could be much higher.
- Average home sale price
- Average home square footage
- Market competition
- Hours worked
How Much Do Washington REALTORS® Make?
According to Indeed.com, the average salary for a Washington REALTOR® is $84,459. That wage is about 36% above the national average for all American job salaries! Now, other bureaus and agencies list different averages, but those statistics usually include part-time agents who are not spending the considerable hours it takes to make a large annual salary.
Real Estate Agent Commission Rates
Real estate agents’ pay mainly comes from the commissions they make on a property sale. Nearly half of a typical agent's earnings come from their commissions. One factor you’ll need to be cognizant of is the commission split between you and your real estate brokerage on the sales price of any given home. A traditional real estate commission between a broker and an agent is made up of sharing the gross commission amount that the brokerage will collect, which usually equates to a 50/50 split of the buying agent’s commission. This amount is agreed upon by the agent and their brokerage when negotiating their work contract.
If you’d like a full breakdown of a real estate agent's salary with a commission split, read our blog Salary for a Real Estate Agent Summary.
How to Get Your Washington Real Estate License?
Becoming a licensed Washington real estate agent can seem overwhelming, especially when you consider everything involved with a career change, such as leaving your current job, providing for your family, and studying to pass your state and national exams. This is why we made our Pre-Licensing courses with the busy individual in mind. Our curriculum is catered to your needs, and is available for you whenever you need it.
The CE Shop's Washington Pre-Licensing real estate courses and Exam Prep program are proven to help you ace your exam and get you on your way to a successful career in Washington real estate.
Ready to Take Your Washington Real Estate Courses with The CE Shop?
Our courses are designed with the busy professional in mind. Get started on your Pre-Licensing and Continuing Education today! And if you want to networkwith your peers, join our Facebook group and get connected.