In this article: Real estate agent salary in Texas. We are also going to be treating the following sub-topics: Is Real Estate Agent A Good Career In Texas, What Job In Real Estate Makes The Most Money, Can You Get Rich With Real Estate, Can You Be A Realtor If Your Shy
Do you want to be a Texas real estate agent? Texas is a great place to start a real estate career. The Texas real estate market is booming, licensing is very simple, and this profession provides great independence and flexibility. Colibri Real Estate, ARELLO, and IDECC accredited have taught thousands of aspiring real estate agents in Texas through our affordable and convenient online program.
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How To Become a Texas Real Estate Agent in 3 Steps
Step 1: Understand the Texas Real Estate Commission Requirements.
To become a licensed real estate agent in Texas, you must first:
- You must be at least 18 years old.
- Complete the requisite education in 180 hours.
- Locate a sponsoring broker.
- Forms and payments must be submitted to the Texas Real Estate Commission.
- Pass the real estate licensing test.
- You must arrange for a Texas real estate broker with an active license to sponsor you as a sales agent before you may begin practicing as a Texas real estate agent.
Step 2: Determine how long it will take to obtain a Texas real estate license.
Because there are various processes to obtaining your real estate license, you should budget for several months. A typical timeline looks like this:
- It takes between 2 and 6 months to complete 180 hours of pre-licensing courses.
- TREC will process your application in 2-3 weeks.
- It takes 30-60 days to build a connection with a broker.
Although in-person classes cannot be accelerated, students who follow an aggressive study schedule with online courses can complete all of the required steps and become Texas real estate agents in two months.
Step 3: Plan for Additional Costs and Fees.
Your real estate education is likely the most expensive financial investment you will have to make to become a licensed Texas real estate agent. To become a real estate agent in Texas, you must finish 180 hours of pre-license training, but your alternatives for doing so vary widely.
Because the expense of the physical place is passed on to the student, onsite education is frequently more expensive than online education.
Real Estate Agent Salary In Texas
In Texas, the average yearly Real Estate Agent Salary In Texas is $67,484. If you need a quick salary calculation, that costs about $32.44 per hour. This equates to $1,297 each week or $5,623 per month.
While modennews.com reports wages ranging from $154,296 to $16,424, the bulk of Licensed Real Estate Agent salaries in Texas now ranges from $45,813 (25th percentile) to $86,439 (75th percentile), with top earners (90th percentile) earning $129,659 each year.
The typical salary range for a Licensed Real Estate Agent ranges substantially (up to $40,626), implying that there may be several prospects for growth and higher income dependent on skill level, location, and years of experience.
According to recent modennews.com job posting activity, the Licensed Real Estate Agent job market in Texas could be more active, as few organizations are presently hiring.
Texas ranks 48th out of 50 states regarding Licensed Real Estate Agent salary.
modennews.com regularly analyzes its database of millions of active jobs in America to generate the most accurate yearly pay range for Licensed Real Estate Agent positions.
Top 10 Highest Paying Cities for Licensed Real Estate Agent Jobs in Texas
We’ve discovered ten cities where the average Licensed Real Estate Agent pay is higher than the state average. Frankston is at the top of the list, with Calvert and Houston close behind in second and third place. Houston outperforms the Texas average by 30.0%, and Frankston adds $31,503 (46.7%) to the $67,484 average.
With these ten cities paying more than the state average, the chances for economic progression as a Licensed Real Estate Agent appear to be extremely profitable.
However, another factor to consider is that the average salary for these top ten cities varies only slightly (21% between Frankston and Oyster Creek), implying that significant positive wage advancement may be difficult to achieve. A reduced cost of living may aid in determining the best location and income for a Licensed Real Estate Agent profession.
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Is Real Estate Agent A Good Career In Texas?
You’re not alone if you’re considering a career change in your forties. According to Zippia, a career consulting firm, 65% of American workers are looking for a new full-time job. And the average age at which Americans change jobs is 39.
The societal upheaval produced by the Covid-19 outbreak only helped amplify the degree of self-reflection in the United States. Many Americans used their free time to reconsider their priorities, particularly in terms of scheduling control and work/life balance. And for those who place a high value on such things, a job transition into real estate made perfect sense.
There are several reasons why real estate is an excellent alternative for a career transition in your forties. Here are a few examples:
Simple to Obtain a License
Because of its flexibility, freedom, and practically anybody can be a real estate agent, real estate is one of the greatest job paths to transition to when you’re ready to make the step. All you have to do now is obtain your real estate license. It takes a little grit — as all worthwhile things do — but if you want it hard enough, it is well within your grasp.
It is Appropriate for Your Life Stage
Whether you have children or are an empty nester, the conventional 9-5 working schedule may no longer be what you’re looking for. You probably don’t need to be home as much in the evenings and on weekends now that the kids are grown or out of the house. Obtaining your real estate license is an excellent opportunity to design a schedule matching your lifestyle.
You have already gained valuable experience.
As the figures below illustrate (indicating former jobs of Texas REALTORS®), you may get into real estate from almost any career or background. Many of the same concepts that helped you succeed in your previous jobs will apply here.
Furthermore, odds are you’ve moved a few times… that you’ve bought and sold a few properties. That experience has provided valuable insight into how you can best serve the clients with whom you will work. You’ve walked in their shoes. Don’t dismiss your life experience. You have the necessary qualifications!
Do Realtors Make A Lot Of Money?
Real estate brokers can earn a lot of money! I’ve been a real estate agent and broker for over 15 years and have done exceptionally well. However, most agents get pay comparable to those in other businesses. According to most estimates, the median gross compensation for real estate brokers ranges between $40,000 and $50,000. However, this figure needs to be more accurate because many agents must pay a commission split to their broker and numerous other expenditures like insurance, MLS, and education that most employees do not pay. While most agents do not make a fortune, those who work more hours or have been in the company for a long time earn more than $100,000 yearly!
The median and average wages for real estate agents could be significantly higher. However, many agents work part-time, need to understand what they are doing, and need more discipline to inspire themselves. Since 2002, I’ve worked as an agent and broker. I’ve seen many agents make well over $300,000 per year while others struggle. Because there are so many variables, I would base your earning potential as an agent on something other than the median wage.
How Much Do First-Year Real Estate Agents Make In Texas?
In Austin, the average annual salary for a First Year Real Estate Agent is $96,412. If you need a quick salary calculation, that costs about $46.35 per hour. This equates to $1,854 each week or $8,034 per month.
While modennews.com reports salaries ranging from $166,653 to $21,077, the majority of First Year Real Estate Agent salaries in Austin currently range from $58,818 (25th percentile) to $110,775 (75th percentile), with top earners (90th percentile) earning $134,793 annually.
The average salary range for a First Year Real Estate Agent ranges substantially (up to $51,957), implying that there may be several prospects for promotion and greater pay dependent on skill level, location, and years of experience.
According to recent modennews.com job posts, the First Year Real Estate Agent employment market in Austin, TX, and the surrounding area is quite active.
modennews.com regularly analyzes its database of millions of active jobs published locally across America to generate the most accurate annual salary range for First Year Real Estate Agent positions.
Is It Hard To Become A Realtor In Texas?
It is easy to become a realtor in Texas. You begin by completing all required real estate classroom hours at a nearby college or real estate school. Then, apply for an inactive sales agent license and take the required exam.
After you pass, look for a sponsoring broker, the company where you’ll work as a real estate agent. Finally, finish your sponsorship paperwork to get your legal real estate license.
You must complete a “pre-licensing” course that teaches you real estate, contract, and finance basics. These are “basic” classes. Each one is special and one-of-a-kind. If you want to avoid attending school, you can take online classes at your own pace. The courses comprise 180 hours.
Here’s what those 180 hours entail:
- Real Estate Principles I
- Real Estate Principles II
- The Agency Law
- Contracts Law
- Contract Forms Adopted
- Finance for Real Estate
These courses have extraordinarily high pass rates, with success rates above 95% and excellent help.
The Texas Real Estate Commission will then approve your application for a real estate license. Yes, there are some tedious documents to fill out and fees to pay, but the procedure is pretty simple because everything is done online through the TREC website. You should receive a letter of eligibility within a few days.
After receiving your eligibility letter, you can submit your fingerprints for a background check to the Texas Real Estate Commission (TREC). The TREC ensures that all agents in Texas meet the standards.
To obtain a real estate license in Texas, you must first go through fingerprinting with the Texas Department of Public Safety (DPS). They’ll also take your picture and charge you a modest price for their time.
You will also need to pass an exam. Your exam eligibility letter will include a Candidate Handbook, which will assist you in preparing for the exam.
To obtain your real estate license, you must first locate a Texas real estate broker who will sponsor you. Sponsoring brokers to have years of expertise and are eager to teach you how it’s done. They will not only give you all of the tools you need to start selling, but they will also help you advertise yourself as an agent.
How Much Is The Texas Real Estate Exam?
Like nearly every other state in the US, Texas requires real estate salespeople to obtain a license. The Texas Real Estate Commission (TREC) issues real estate licenses, and passing a test is just one of several conditions that must be satisfied to sell real estate inside Texas’ borders legally. The TREC exam costs $54; however, there are other expenses to consider while registering for this exam, bringing the total cost to roughly $274.
Additional Fees for the Texas Real Estate Exam
There are various other charges associated with taking the Texas Real Estate Exam that you will face during the registration process. You must fill out and apply for TREC’s online services portal. You must also complete all licensure requirements, including pre-licensing coursework.
Depending on the education company you choose, these courses might cost as little as $300 or as much as $1000. Before you can take the TREC exam, you must first fulfill and accept all licensure criteria. Anyone who has never been licensed in Texas must fill out the application, which can cost up to $274.
What Job In Real Estate Makes The Most Money?
Real estate roles, like any other, pay well for individuals with more training, experience, or outcomes. Furthermore, real estate professionals specializing in commercial or industrial properties may earn more than those working in residential regions.
Mortgage loan officer
The national average annual wage is $152,639
Primary responsibilities: Mortgage loan officers, also known as mortgage loan originators, walk purchasers through the mortgage process when they buy a house or property. They also examine several loan choices and provide them to clients to guarantee they discover the finest option for their specific financial circumstances. A mortgage loan officer must be licensed in their state and nationally accredited.
Real estate lawyer
The national average annual wage is $95,701.
Primary responsibilities: Real estate attorneys are licensed in real estate law, are educated about applicable real estate regulations, and may analyze contracts to ensure the contract provisions are in the best interests of their clients. They may also help complete property deals or complete the closing procedure themselves.
Real estate agent
The national average income for a real estate agent is $85,081 per year.
Primary responsibilities: Real estate agents assist clients in purchasing or selling a home, private, or commercial property. They market listings, show prospective purchasers properties, and work with brokers and financial, real estate specialists to get customers approved for a mortgage.
The national average compensation for a compliance specialist is $82,644 per year.
Primary responsibilities: Compliance specialists, sometimes known as compliance officers, must know local legislation and guarantee that businesses follow all legal requirements for transactions and development. They also supervise audits when a corporation is suspected of breaking the legislation.
New home sales consultant
The national average annual wage is $78,952.
Primary responsibilities: New home sales consultants show potential customers new properties or homes under construction. Buyers are frequently shown blueprints, plans, or model homes as a guide to what they might expect from their finished homes. New house sales consultants can also assist purchasers in designing a personalized home.
How Many Houses Do I Need To Sell To Make 100k?
If you sell $100,000 residences and pay your broker 40% of the commission, you would need to sell more than 50 houses yearly to make $100,000. That is a large number of homes to sell, especially for a beginning agent. You can make a lot more money if you raise your average price. Here is a breakdown of different sales figures for various pricing points.
Average sale price Commission kept the Number of houses needed to make $100,000
$100,000 $2,500 40
$200,000 $5,000 20
$300,000 $7,500 14
$500,000 $12,500 8
It makes a tremendous difference in your money if you can sell higher-priced homes. This is why training is essential; learning from others will help you earn more money. Not only will training help you generate more money by selling more houses, but it will also teach you how to sell higher-priced homes. You will also learn how to sell homes, which can result in two commission checks on a single transaction!
If you divide the number of properties to sell by the number of months, you would only need to sell two houses each month to make close to $100,000 per year gross with an average price of $200,000.
If you want to acquire your real estate license, I recommend Real Estate Express, which has programs in all 50 states and some of the lowest real estate class fees. Two of the agents on my team completed their online classes and easily passed the exam.
Can You Get Rich With Real Estate?
There is no quick method to generate money or get rich in real estate, but you can build wealth gradually and regularly by investing wisely. You are aware that there are several ways to accumulate wealth, but one of the most effective is real estate.
However, making money in real estate or lucrative investing necessitates excellent advice, strategies, and determination. While real estate investing is a tried and true way to make money, it has inherent risks like any other company.
If you take the time to educate yourself about the process and the best tactics for generating earnings, real estate may be a great vehicle for wealth growth if done right.
Getting started in real estate investing is much easier if you have cash (a 20% down payment). However, many entrepreneurs, including those in real estate investing, start businesses with very little money daily. Many start by dreaming big and putting in a lot of work.
This site is meant for beginners who want to learn how to make money in real estate. There is no one-size-fits-all approach for investors when investing in real estate today. Learning how to generate money from real estate is a wonderful way to diversify your portfolio.
If you have a lot of money, you may buy an undervalued real estate property, fix it, and sell it to an investor. After the work is finished, you profit from selling the property for a much higher price than you spent.
Suppose you’d rather leverage your investment by investing in a tenant-ready property. In that case, you may consider buying a long-term rental property or a second home where you vacation and rent out to others when it’s not in use.
You can enhance your wealth, hedge against inflation, and profit from a rising market if you take the appropriate actions. There are so many benefits to owning real estate, such as leverage, appreciation, and tax advantages, that simply acquiring a “good deal” can be a terrific long-term investment.
We’ll show you how to profit from real estate while avoiding the most prevalent pitfalls. The most common method is to purchase an investment property and gradually increase your portfolio.
Generally, there are two main ways to profit from real estate assets: appreciation, an increase in property value over time, and rental income, which is earned by renting out the property to tenants. Most of your money and wealth will come from appreciation, but cash flow is important because it will help reduce risk.
Purchasing a rental property that loses money month after month in anticipation of future appreciation is a poor investment. The positive cash flow allows you to pay off the home and helps you save for another down payment so you may buy your next investment property sooner.
The more properties you purchase, the more money you can save and the faster you can reach your financial goals through real estate investing.
However, we will go through several more “well-known” strategies to generate real estate money, including active and passive investing.
Remember that information is the key to using real estate to develop wealth. Smart investors understand what drives markets, how to time market cycles, and whether to invest locally or out of state.
Can You Be A Realtor If Your Shy
Agents must make phone calls, meet many individuals, make house calls, tour groups of people around houses, and then negotiate with them. Is this the type of work that a social butterfly would enjoy?
Naturally, it may be counter-intuitive to suppose that an introvert, who would prefer to watch a movie at home than attend a party, would select real estate as a job. You may wonder if introverts make effective real estate agents. They certainly can.
There is a widespread belief that introverts are ineffective real estate agents. This myth can be traced partly to a misunderstanding of what it means to be introverted or extroverted.
This post will explain how an introverted real estate agent may be just as successful, if not more so, as extroverts. And if you’re not as social and are just starting in this field, the Florida real estate licensing course can help you become a professional real estate agent.
We also offer some pointers to assist you in succeeding in real estate as a less pleasant person.
Extroverts versus Introverts
Most people connect introverts with being quiet, reserved, and withdrawn, while most equate extroverts with being loud and social. That, however, is not the case.
Carl Jung is credited with coining these words. He characterized an extrovert as someone who is more invigorated by external factors and an introvert as someone who is more stimulated by internal forces. According to these definitions, it is incorrect to think that introverts cannot communicate with others or that extroverts are always communicative and social.
In a more realistic sense, extroversion is connected with persons who flourish in large groups. Talking things out allows people to think more clearly and make better decisions.
On the other hand, introverts enjoy solitude, quiet reflection, and small gatherings of people. They prefer one-on-one conversation and prefer to think before speaking to think better.
What Makes Introverts Successful Real Estate Agents?
As previously said, introverts like small groups of individuals. They tend to think first and then talk. They have various characteristics that help them when working with clients. All of these can assist you in becoming a successful agent.
A smart real estate agent will constantly cultivate solid customer relationships and devote more time to one-on-one meetings.
The attributes inherent in introverts are essential for developing a profitable real estate business:
Introverts may concentrate on one item for an extended period. They prefer internalizing their thoughts and conclusions before expressing them. They spend a significant amount of time deliberating over an issue or activity.
Introverted people have a strong belief in their abilities and intuition. They rarely rely on others, allowing them to display a new residence to a client more convincingly.
Skills in observation and listening
Introverts enjoy making meaning of things, which they do through thorough listening, observation, and analysis. Real estate salespeople must comprehend their client’s body language and signs to establish a good rapport. Introverts excel at it because of their keen sense of observation.
Introverts use their observation skills to comprehend all aspects of a situation while remaining objective and keeping their emotions from taking control.
This is useful when dealing with real estate clients who frequently make judgments based on their emotions. Many introverts enjoy assisting others, which means they can assist a buyer or seller in making a practical decision by making a better offer. Can You Be A Realtor If You Shy?
Recommended: Real Estate Agent Salary In Los Angeles
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