You can earn a comfortable living with your Realtor license in the San Antonio metro area.
Salaries vary greatly from one Realtor to the next because of the self-driven nature of the real estate sales industry. Pay is based entirely on sales, so you have the opportunity to make as much or as little as you want, depending on the lifestyle that best suits you.
But it’s still a good idea to look at some averages so you can set realistic expectations and achievable income goals.
In this post, we’ll cover: how much the average Realtor makes in San Antonio how much you could make in San Antonio with your Realtor license * how to maximize your income potential
How much do San Antonio Realtors make on average?
The National Association of Realtors® (NAR) reported that the median gross income for all Realtors was $39,200 in 2015. But when the Bureau of Labor Statistics looked at San Antonio real estate agents in 2017, they found that the mean wage was $63,050 !
And these numbers may be on the low end. Realtor salaries always skew low because of two key factors: time and experience.
Remember, many people become real estate agents because of the flexibility. You always have the option to work part-time, and lots of agents do. So the averages are including these many part-time salaries along with the full-time salaries.
Then there’s experience. Agents who have just earned their Realtor license within the last year or two bring down the salary averages. Starting a career in real estate is like launching a business: you need to make a name for yourself, find clients, and fill your pipeline with business. That naturally takes time.
But once you establish yourself as a professional, get testimonials from a few satisfied clients, and start earning referrals, your income will grow quickly.
How much could San Antonio Realtors make?
Take a look at the following wage chart from the Bureau of Labor Statistics. They report that agents in the 75th percentile make more than $78,000 annually. And if you’re in the 90th percentile of San Antonio agents, you can clear $103,000 per year!
How do I maximize my Realtor income?
It will take some time and effort to turn your Realtor license into a $100,000 per year business. But here are a few ways to speed up the process:
Convince your Broker to increase your commission split so you keep more of the money generated by each transaction.
Specialize in luxury real estate to earn more money on fewer transactions. As soon as you get your Realtor license, invest in a website and blog. A professional website adds instant credibility to new agents. And consistent blogging will increase organic traffic to your site, helping buyers and sellers find you online.
Keep at it. The same NAR report that shows a median of $39,200 for all Realtors also shows a median of $73,400 for agents who have been in business for over 16 years.
If you’re willing to invest the time and effort in building your business, you can earn an exceptionally comfortable living in San Antonio area real estate. And it all starts with your Realtor license. Your career is waiting; find your pre-license course today!
Image Sources: Bureau of Labor Statistics