|Quick Facts: Real Estate Brokers and Sales Agents|
|2010 Median Pay||
$42,680 per year
$20.52 per hour
|Entry-Level Education||High school diploma or equivalent|
|Work Experience in a Related Occupation||See How to Become One|
|On-the-job Training||See How to Become One|
|Number of Jobs, 2010||466,100|
|Job Outlook, 2010-20||11% (About as fast as average)|
|Employment Change, 2010-20||52,500|
Real estate brokers and sales agents help clients buy, sell, and rent properties. Brokers and agents do the same type of work, but brokers are licensed to manage their own real estate businesses. Sales agents must work with a broker.
A majority—about 57 percent—of real estate brokers and sales agents were self-employed in 2010. Although they often work long and irregular hours, many are able to set their own schedules.
In every state and the District of Columbia, real estate brokers and sales agents must be licensed. To become licensed, candidates must be high school graduates, be at least 18 years old, and complete a particular number of hours of real estate courses.
In May 2010, the median annual wage of real estate brokers was $54,910, and the median annual wage of real estate agents was $40,030. Brokers and agents earn most of their income from commissions on sales.
Employment of real estate brokers and sales agents is expected to grow 11 percent from 2010 to 2020, about as fast as the average for all occupations. Job opportunities will fluctuate with the economy and are, like many other sales occupations, highly dependent on the personal drive, motivation, and sales ability of the individual real estate broker or sales agent.
Compare the job duties, education, job growth, and pay of real estate brokers and sales agents with similar occupations.
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