Average annual income of a real estate agent

Some people think real estate agents earn huge money, millions per year! LOL

Too bad that is not the case.

If you take the total number of properties sold on the Toronto Real Estate Board (TREB) last year multiplied by the average selling price and then take 2% commission as the average per side in the transaction then the 'average' agent earned approximately $31,000 in 2009

87000 properties sold last year on TREB, 23000 realtors on TREB, average price $411,000 and 2.0% average commission per end equals $31000 average income on TREB

(87 000 / 23 000) * 411 000 * .020 = 31 093

In the US the average sales agent earns about $28,400 and the average for brokers and sales reps is about $36,700 (just another reason, besides the warm weather, to move to the US! LOL)

Median Gross Personal Income of REALTORS®

YEAR	Brokers/ Broker-Associates	Sales Agents	ALL REALTORS®
2008	$49,300	$28,400	$36,700
2007	$65,200	$31,000	$42,600
2006	$73,300	$34,600	$47,700

All the best!
Mark

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

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