Best answer: How much money does a real estate agent make in Los Angeles?

Do real estate agents make good money in Los Angeles?

While the average real estate agent in California makes around $75,000, California is a very large state and the real estate market varies from area to area. Multi-million dollar homes in Los Angeles and other areas mean there are real estate agents making well above the average salary.

How much does a real estate agent make LA?

Salary Ranges for Real Estate Agents in Los Angeles, CA

The salaries of Real Estate Agents in Los Angeles, CA range from $21,780 to $140,000 , with a median salary of $43,370 . The middle 60% of Real Estate Agents makes between $43,370 and $70,520, with the top 80% making $140,000.

How much does a new real estate agent make in California?

That said, we conducted a survey in 2020 finding the average first-year real estate agent in California earns approximately $41,000, and that number rises to over $104,000 between years four and ten of their career.

Who is the highest paid real estate agent?

Top-Ranked US Real Estate Agent Ben Caballero Tops $2 Billion Volume – Again.

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How do Realtors get paid?

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 realtors quit?

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.

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.

What jobs make the most money in California?

Detailed List Of Highest Paying Jobs In California

Rank Job Title Average Salary
1 Psychiatrists $245,000
2 Obstetricians And Gynecologists $235,610
3 Surgeons, Except Ophthalmologists $229,430
4 Airline Pilots, Copilots, And Flight Engineers $229,110

How difficult is the California real estate exam?

That’s around a 42% pass rate for test takers. It was the lowest rate in the last 5 years. … We recommend you take the exam prep course before you sit for the state exam. The ‘Real Estate Exam Prep’ is the final and most important step in your real estate education before taking the California real estate license exam.

Is real estate a good job?

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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How long is Realtor school?

On average, it takes anywhere from 2-5 months to complete real estate school and earn a real estate license. However, this can vary depending on your state’s licensing requirements and application process and whether you choose an online real estate school or traditional classroom courses.