How Much Do Real Estate Agents Make a Year in Houston Texas?
How Much Do Real Estate Agents Make a Year in Houston Texas?
In a world that is in which housing is become more and more important the role played by real estate agents cannot be understated at all. For those that have ever tried looking for property can attest to the fact how hard it is to do it without the help of a real estate agent. This is why some of the best paid professionals in any city all over the United States are real estate agents and Houston follows the same example. The average pay of real estate agents, as is explained in much more detail on bitgale.com in Houston Texas is at $46,400 and being one of the biggest cities in the country it comes as no surprise that this value is below the national average with it being 5% below it.
One of the factors that come into play when determining the annual pay for real estate agents in Houston Texas is the location of the city. It is the worst kept secret that real estate agents in New York are the best paid in the country and those in states in east like Arizona tend to earn the least. Houston, and Texas in particular, being somehow in the middle of the east and west coasts is in the middle. This means while real estate agents in Houston are not the best paid on average, being that they are only 5% under the national average they are not among the worst paid nationally either.
Another factor that differentiates and brings discrepancies in the pay of real estate agents in Houston Texas is whether they are members of the National Association of Realtors. Agents who are members of the NAR are well paid than those that are not. Unlike real estate brokers who have to be licensed, agents don’t necessarily have to be. However, if you are operating without the blessings as it were of the NAR you are likely to run into issues of trust with prospective clients with people warry of handing their money to you. The discrepancies in Houston are huge with those who are members who are with the NAR earning on average $48,000 per year with those not members lagging way behind with an average annual pay of $23,000 which is more than half with the numbers broken down into more detail on runrex.com
One of the factors that is usually important in many fields but is brought into extremely sharp focus in the real estate businesses is experience and this is also the case for agents in Houston. The differences in pay brought about by differences in job experience are astronomical in this business with agents in Houston who have been in operation for 3 years or less earning a paltry $10,000 per year on average with that figure jumping to close $60,000 per year for those with a minimum of 16 years of experience in this field. This big gap is explained by the fact that those with more experience not only have many contacts of high quality in the field but also have honed their instincts and know where then pit falls are set and how to avoid them.
Another factor to be taken into consideration when looking at annual salaries of real estate agents in Houston is the company or agency that employs them. With big companies and agencies with a reputation to maintain they look for the cream of the crop when it comes to real estate agents but also on the same hand pay them really well. There are agents who work in these big companies in Houston who earn as much as $100,000 per year which is so much higher than the average of Houston. On the other hand, there smaller companies without the financial muscle to pay high wages and end up paying wages below the average. It is up to the agent to build up their repertoire and climb the ladder until they land a job in the big companies.
The level of education is also another factor that determines how much different agents earn in Houston. There are agents with post graduate and under graduate degrees in real estate programs which makes them highly desirable and therefore are likely to command a higher yearly salary on average. Those with only basic training in say a real estate training program can expect to command a much lower salary per year. The various job titles of agents in this field in Houston Texas can also dictate the yearly salary they are likely to receive. This is because while your run of the mill real estate agent is likely to earn closer to the average of $46,400 there are those who do the analytics for real estate companies that earn considerably more on average. These real estate analysts use their skill set to analyze the various opportunities for both their clients and the company and they are known to earn on average $59,000 per year.
The above goes to explain the trends when it comes to earnings of real estate agents in Houston Texas with more on this to be found by visiting the ever reliable bitgale.com and runrex.com
