Have you been thinking about starting a career in real estate? Or maybe you want to switch your jobs? Apart from freedom and being your own boss, a lot of people look at the possible earnings before they make up their minds. So what are the wages of a real estate agent in Texas? Salary may be dependent on various factors. Let’s learn all about them!
How much can you earn in real estate?
In the beginning, it’s worth mentioning that real estate agents earn commission-based money. It basically means they get paid when each transaction is completed. Once the deal is closed, they receive 3 to 6% of the base price. So how much do real estate agents make in Texas? It’s quite hard to provide a clear-cut answer as many factors come to play, but the average salary in this area amounts to almost $95,000 per year. Naturally, with more experience in the field, you can expect higher compensation, which is estimated to reach over $110,000 annually. Any additional skills in marketing or sales can boost that sum even more.
What will affect your salary?
Of course, there are several factors that can influence the level of a real estate agent’s salary. Education is one of the main ones. That doesn’t necessarily mean that you have to go through expensive classes or get a college degree. The most important is the fact that you have a professional education in the real estate market. You can easily obtain it, thanks to Texas real estate online courses. Another factor that influences salary? It’s the working hours you choose. Agents who are independent contractors don’t have a fixed income, which means the more you work, the more chances for earning you have. Your experience is another vital element.
As it grows, so will your skills and the number of closed sales. On top of that, well-known agents can negotiate higher commissions as well. What else influences the earnings of a real estate agent in Texas? Salary will also be affected by the specialization you go for. The market is vast, and the skills needed to work with various types of properties can be different, so it’s best to choose a particular niche, such as renting commercial spaces or selling luxury houses.