Real estate agents in Arizona can earn over $100,000 with experience. However, the salary for a first-year agent is much lower at $50,000 per year!
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Have you been thinking about a career as a real estate agent in Arizona? The state is home to some of the fastest-growing cities in the country. That growth comes from affordable housing, stunning terrain, good schools, and a strong job market. Top industries are bioscience, healthcare, and financial services — careers that tend to be high-earning and stable. This fact also makes Arizona good for real estate agents.
Before we get into how much real estate agents make in Arizona, let’s start with how real estate agents get paid.
Real estate agents work on commission — or percentage of the sale. This means they are paid when they buy, sell, or rent a property. There is not always a weekly paycheck. In fact, there rarely is a consistent salary. Instead, the salesperson has the opportunity to make as much or as little as he or she is willing to work. While there are some real estate professionals who do receive a salary with an additional commission — it depends on the brokerage — most property companies do not offer that perk.
The average salary for a real estate agent in Arizona is $50,640, which is about 6% less than the national average, but the range is really wide. Agents in the bottom 20% of salaries earn $24,600 on average, while those in the top 20% earn closer to $104,500 per year. Performance is one of the big indicators. The more real estate agents work, the higher their earning potential. Building a network is important.
The amount you make as a real estate agent in Arizona depends on how long you have been doing it. Starting level agents earn roughly $24,550 per year. They are still building a network and learning the ropes. In addition, many first-year salespersons have to split their commission with their broker — usually around 50%. That really eats into earnings.
By the time they reach junior-level, the average climbs to $34,594 per year — but that is just the beginning. Mid-level real estate agents in Arizona earn $50,640 per year, while senior-level associates earn a mean of $74,129 every year. However, keep in mind that those who make higher incomes often work more. Real estate agents in Arizona who work 60 hours per week or more average an income of $87,000 per year and top sales agents can make over $200,000.
Many real estate agents in Arizona enjoy benefits beyond their salaries. In addition to being able to work from home and enjoy a flexible schedule, they often enjoy other perks. Professional development assistance is a common benefit as well as health insurance, mileage reimbursement, and parental leave. Some brokers even give their real estate agents stock options. The exact package will vary by the brokerage.
Arizona is an exciting place to start a career in real estate. To get started, you'll begin by taking the Arizona real estate pre-licensing course. It is a 90-hour class you can take online from an approved school like Aceable. We offer on-demand classes for the Arizona license course so you can easily fit your education into your life. Start on the path to your career as a real estate agent in Arizona with Aceable!