How much money does a realtor make in Texas? (2024)

How much money does a realtor make in Texas?

Licensed Real Estate Agent Salary in Texas. $62,400 is the 25th percentile. Salaries below this are outliers. $105,300 is the 75th percentile.

How much money can you make as a realtor in Texas?

Licensed Real Estate Agent Salary in Texas. $62,400 is the 25th percentile. Salaries below this are outliers. $105,300 is the 75th percentile.

Is being a realtor in Texas worth it?

you can be sure that the real estate agent salary Texas revolves around $65,000 per year as your starting salary. But it is worth considering other factors which may significantly increase this average.

Where do real estate agents make the most money in Texas?

For example, the highest paying city for real estate agents in Texas is Haslet, where the average salary is $101,388 per year, followed by McKinney ($99,139), Dallas ($98,686), and Austin ($94,004).

How hard is it to be a Real Estate Agent in Texas?

Is the Texas real estate exam hard? Well, given that on average 58% (23,207 passed / 40,321 taken) pass the licensing exam on the first try, as of November 30, 2023 it's safe to say it's not an easy test.

Does real estate pay well in Texas?

Real estate agents make an average of $5,980 per month according to reported pay by Indeed users.

Do realtors in Texas make good money?

Currently, the average commission rate in Texas is about 6%. The state-wide median home sale price was $345,000 in Q2 2023. Before you get excited about making $20,000 on a sale like that, there are some important factors to know about.

Is it hard to be successful as a realtor?

Becoming successful and making a sustainable income as a real estate agent or broker is hard work. In most cases, it requires a substantial commitment of time, effort, and even money.

How much do first year real estate agents make in Texas?

First Year Real Estate Agent Salary in Texas. $55,900 is the 25th percentile. Salaries below this are outliers. $93,200 is the 75th percentile.

Is it stressful to be a real estate agent?

The reality of the job is often much more stressful than many anticipate. The emotional toll of selling homes can take a significant toll on realtors, leading to stress, burnout, and emotional exhaustion.

What is the richest real estate job?

Are most millionaires real estate agents?

Out of the 250 top producing agents identified in the Real Trends survey, the following percentages of agents are found in the following five states: California: 44% New York State: 24% Florida: 7%

What job makes the most money?

How many people pass the Texas real estate exam the first time?

Less than two-thirds of prospective agents are passing their Texas real estate exams on the first go.

What is the hardest real estate exam?

The difficulty of the real estate exam varies by state, but the California real estate exam is known to be one of the most difficult. In fact, the pass rate for the California real estate exam in the last two years was under 50%, which means it's incredibly competitive and difficult to pass.

What is a passing score on the Texas real estate exam?

What is a Passing Grade on the Texas Real Estate Exam? The two sections of the Texas real estate exam are graded independently of each other. This means you must get 70% or higher on each of the National and State portions.

Where do realtors make the most money?

The highest-paying states for real estate brokers

According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona.

Why is Texas real estate so cheap?

Why is property so cheap in Texas? Due to the plentiful land, various real estate options available depending on your preference, and comparatively lower property taxes than other states in America, Texas is an inexpensive place when it comes to purchasing property.

Is Texas real estate booming?

Home values in Texas rose by 45.5% in the last 5 years. Home sales increased by 5.3% in January 2023 YoY, and the mortgage rate climbed to 7.28%!

How much do the richest realtors make?

A residential agent in the top 5% can gross (after fee splits and credits) about $500K a year, about the same as a decent commercial agent. At the very top end for both, agents can bring in $3-5M a year.

How does one become a realtor in Texas?

In order to apply for the Texas Real Estate License Exam, the state requires you to complete 180 hours of TREC-approved college-level real estate courses. Kaplan offers three education options that fulfill the 180-hour requirement.

How much do luxury real estate agents make in Texas?

Average Dallas Luxury Realty Real Estate Agent yearly pay in Texas is approximately $117,776, which is 25% above the national average.

Can you be a millionaire as a realtor?

Becoming a real estate millionaire is an ambitious goal that requires careful planning, strategic thinking, and a strong determination to succeed. While it may seem challenging to achieve such financial success on a modest salary, it is not impossible.

What is the hardest part of being a real estate agent?

One of the hardest parts of becoming a real estate agent is realizing that you only get paid when you make a sale… And it may be months before you make your first sale. Once you get your business set up the skys the limit, but in the meantime, say goodbye to that comfy twice-a-month paycheck.

What are the odds of making it as a realtor?

The Bureau of Labor Statistics shows that the real estate failure rate is between 43% and 54%. However, common statistics state that 87% of real estate agents fail within five years. Regardless, that means about half or more of real estate agents who enter the industry fail, which is a very high number of people.