4. What Can You Expect From a Part-Time Real Estate Agent Salary?
Both REALTORS™ and non-member real estate agents charge around 5-6% per transaction. This can vary depending on their experience, their market, and whether they’re a buying or listing agent.
Though a buyer’s agent may also charge around 5-6% per transaction, buyer’s agents may offer a commission rebate to their clients and end up with a slightly lesser percentage.
Many real estate agents start out on a part-time basis.
Of course, the benefits are that part-time work allows one to experience a real estate career without immediately abandoning other sources of income, and may even make it easier for agents to find out which niches and markets they prefer working in before committing full-time.
Work More, Earn More
A recent survey found that real estate agents across the country who work more hours earn more money — specifically, real estate agents who work between 40–60 hours earn the most. Moreover,the highest earners are also the happiest real estate agents, likely because real estate is a career where hard work can directly pay off.
At the same time, agents who work less than 30 hours per week can still earn an average of $24,566 per year, which isn’t bad for a part-time career.
Part-Time Income In California May Be Higher
And again, a part-time California real estate agent in cities like Los Angeles, San Francisco, or San Diego may earn more than the average part-time real estate agent in other parts of the country simply due to higher home prices.
In short, the average real estate agent income in California can vary, but is higher than most states.
Though real estate success is highly dependent on individual effort, California’s huge population and high property values in most areas outweigh many other factors that influence the average real estate income.
