How Much Money Do Arizona Real Estate Agents Make?

Money isn’t everything when choosing a career, but it’s a critical factor for most people. So if you’re considering becoming a licensed real estate agent in Arizona, you probably want to know how much Arizona real estate agents make. 

This is a surprisingly difficult question to answer because the range of real estate incomes is so wide. Real estate isn’t a job where professionals are paid on an hourly or salaried basis. Instead, you’ll be paid on commission based on your productivity. Every time you sell a home (or refer a client to another real estate agent), you’ll earn a percentage of the sale. 

Luckily, the Bureau of Labor Statistics records agent incomes, so we can use its data to give you an idea of how much money you could make as an Arizona real estate agent.

What Affects Your Arizona Real Estate Income?

Before we look at how much real estate agents make in Arizona, it’s important to understand the key factors that determine your income.

  • Work schedule. Generally, the more you work, the more you make. With many agents opting to work part-time, the averages skew lower than what you could expect to make as a full-time agent.

  • Skill. Your ability to generate leads and close deals will make all the difference in your income. Savvy agents seek out sales training in addition to the state-required real estate courses.

  • Home values. Since your commission is a percentage of the sales price, higher home values mean higher commissions.

  • Experience. Building up your client base and earning referrals takes time. So brand new agents bring the average income for the industry down.

How Much Does the Average Real Estate Agent Make in Arizona?

The annual mean wage for Arizona real estate agents in 2020 was $55,580, according to the Bureau of Labor Statistics (BLS). 

Remember, this figure takes all the part-time agents, inexperienced new agents, and low-value markets into account. Agents who work full-time, work in high-value markets, or gain skill and experience all increase their chances of making more money.

How Much Do Top Agents Make in Arizona? 

Arizona agents who work their way to the top 90th percentile are making over $101,000 per year. But that’s still not the maximum. Agents in the 90th percentile in the Tucson metro market are clearing $130,000 per year!

How Do I Make More Money as An Arizona Real Estate Agent?

Here are a few tips to help you earn six figures in real estate:

Starting a career in real estate means you are in control of your income. You can choose to work as little or as much as you like. Practice real estate casually or invest in learning sales skills and gaining experience. 

Real estate provides unlimited income potential to people of all backgrounds and all levels of formal education. You just need a high school diploma (or equivalent), a basic real estate education, and the drive to succeed. Enroll in your pre-license real estate courses today and get ready to launch your new career!

Image Sources: Bureau of Labor Statistics

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