TREC, Education, Internet, Earnings
First, according to Texas Realtor Magazine September/October 2015 issue, the median gross income of Texas Realtors is:
- $107,600 for realtors working at least 60 hours a week
- $67,000 for realtors working 40 - 59 hours a week
- $33,800 for realtors working 2- - 39 hours a week
Second, according to a Bureas of Labor Standards study in 2012,
- real estate agents earned a median salary of $39,140
- the average earnings of the top 25% was about $95,540
- the average earnings of the lowest-paid was approximately $20,700
But these numbers must be looked at more carefully to better understand them. The numbers tell us there is a tremendous potential to make a very good income. This is not true with most jobs. Take, for example, minimum wage earners, employees that are not permitted to work full-time hours or employees with limited opportunity for an increase in pay. Employees with these type of jobs can spend years on the job and never get big increases in income. This is true at many jobs.
In the 2012 Bureau of Labor Study, the 75% percentile is $63,300. This means that 25% or 1 in 4 real estate agents makes more than $63,300 annually. Of course, these are averages. If you live in a major city or are in a position to sell farmland or ranchland or engage in commercial real estate, the earnings potential for some realtors is well north of $100,000 annually. There are many real estate agents in the large Texas cities that make more than $100,000 annually.
In addition, real estate agents are not "on the clock" and can work their own hours and make their own appointments. Real estate agents can take the children to school, make a trip to Wal-Mart during the day or evening catch a afternoon movie with a friend.