Question: How much does a commercial real estate agent make in Utah?

How much money does a real estate agent make in Utah?

The average salary of real estate agents in Utah is about $74,794 / year with potential to make six figures. Once you have a Utah real estate license, income potential will depend on the number of transactions completed, the commission paid to the brokerage, and how much is split with the sponsoring broker.

Are Commercial Real Estate Agents rich?

The National Association of Realtors Commercial Member Profile shows that commercial sales agents have a median gross income of $153,000 and leasing agents have a median gross income of $134,100.

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.

How much does a real estate agent make an hour?

The average hourly wage for a Real Estate Sales Agent in the United States is $21 as of September 27, 2021, but the range typically falls between $20 and $27.

What is a broker vs agent?

What’s the difference between a real estate broker and an agent? In real estate, an agent is an individual who is licensed to sell property in their state. A broker is someone who is licensed to own their own real estate firm.

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How do I get my real estate license in Utah?

4 Steps To Get Your Utah Sales Agent License

  1. Complete 120 hours of approved Pre-Licensing education. Successfully complete 120 clock-hours of approved Pre-Licensing sales agent education. …
  2. Pass the course final exam. …
  3. Pass the Utah real estate sales agent exam. …
  4. Complete application.

How long does it take to make money in commercial real estate?

It can take six months or more for commercial real estate agents to make money from sales as commercial transactions tend to take longer to close than for residential properties.

What is the highest position in real estate?

The 6 Highest Paying Real Estate Careers with Good Salaries

  • Home Inspector. If you already have a good main job and are looking for a part-time gig to maximize your income, you can work as a home inspector. …
  • Real Estate Lawyer. …
  • Real Estate Broker. …
  • Commercial Real Estate Agent. …
  • Property Manager. …
  • Corporate Real Estate Manager.

Can you be a millionaire as a real estate agent?

Becoming a millionaire real estate agent is possible, but it does not happen overnight. Only you can make it happen by constantly learning and being persistent in your goal. Ask yourself every day what you are doing that is getting yourself closer to your short term and long term goals.