If you are thinking of becoming a real estate agent in Texas, you might be wondering how much money you can make in this profession. The answer depends on several factors, such as your location, experience, skills, and market conditions. In this blog post, we will look at some of the data and trends that can help you estimate your potential income as a real estate agent in Texas.
How Much Do Real Estate Agents Make in Texas?
Real Estate Agent Salaries in Texas
According to Indeed.com, the average salary for a real estate agent in Texas is $84,165 per year as of October 19, 2023. This is based on 4.2k salaries reported by real estate agents on the website. However, this figure can vary widely depending on the city and the company you work for. 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). On the other hand, the lowest paying city for real estate agents in Texas is New Braunfels, where the average salary is $73,273 per year.
The company you work for can also make a big difference in your income as a real estate agent in Texas. Indeed.com lists some of the top companies for real estate agents in Texas based on their reported salaries. The highest paying company is Coldwell Banker, where the average salary is $128,377 per year, followed by Epique Realty ($127,440), PLACE ($114,181), New Western ($97,044), and Texas Apartment Experts ($94,917).
Another source of data for real estate agent salaries in Texas is Salary.com, which provides a more detailed breakdown of the salary ranges and percentiles based on HR-reported data. According to Salary.com, the average Real Estate Sales Agent salary in Texas is $44,855 as of September 25, 2023, but the range typically falls between $43,819 and $57,055. The 10th percentile of real estate sales agents in Texas earn $42,876 per year, while the 90th percentile earn $68,162 per year.
Skills Impacting Real Estate Agent Salaries
Of course, your salary as a real estate agent in Texas will also depend on your own skills and qualifications. Some of the most valuable skills for real estate agents are market analysis, WordPress, Google Ads, and sales experience. According to Indeed.com, real estate agents with market analysis skills earn 61.67% more than the average base salary in Texas. Similarly, real estate agents with WordPress skills earn 45.47% more than the average base salary in Texas.
Benefits for Real Estate Agents in Texas
In addition to your salary, you may also receive other benefits as a real estate agent in Texas. Some of the most common benefits are 401(k), 401(k) matching, continuing education credits, health insurance, and commission. However, these benefits may vary depending on your employer and your contract.
As you can see, there are many factors that affect how much you can make as a real estate agent in Texas. The best way to find out your earning potential is to do your own research and compare different options based on your location, experience, skills, and market conditions. You can also use online tools like Indeed.com and Salary.com to get an estimate of your salary based on your profile and preferences.