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Associate realtor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected associate realtor job growth rate is 5% from 2018-2028.
About 30,100 new jobs for associate realtors are projected over the next decade.
Associate realtor salaries have increased 11% for associate realtors in the last 5 years.
There are over 151,380 associate realtors currently employed in the United States.
There are 7,620 active associate realtor job openings in the US.
The average associate realtor salary is $40,356.
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 151,380 | 0.04% |
| 2020 | 144,615 | 0.04% |
| 2019 | 139,283 | 0.04% |
| 2018 | 134,338 | 0.04% |
| 2017 | 127,872 | 0.04% |
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $40,356 | $19.40 | +0.2% |
| 2024 | $40,266 | $19.36 | +0.5% |
| 2023 | $40,068 | $19.26 | +5.9% |
| 2022 | $37,846 | $18.20 | +4.3% |
| 2021 | $36,283 | $17.44 | +1.7% |
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Massachusetts | 6,859,819 | 670 | 10% |
| 2 | Iowa | 3,145,711 | 271 | 9% |
| 3 | Delaware | 961,939 | 80 | 8% |
| 4 | Connecticut | 3,588,184 | 249 | 7% |
| 5 | New Hampshire | 1,342,795 | 99 | 7% |
| 6 | Vermont | 623,657 | 37 | 6% |
| 7 | Alabama | 4,874,747 | 230 | 5% |
| 8 | Rhode Island | 1,059,639 | 58 | 5% |
| 9 | Pennsylvania | 12,805,537 | 545 | 4% |
| 10 | New Jersey | 9,005,644 | 322 | 4% |
| 11 | Tennessee | 6,715,984 | 296 | 4% |
| 12 | Arizona | 7,016,270 | 263 | 4% |
| 13 | Kentucky | 4,454,189 | 167 | 4% |
| 14 | Nebraska | 1,920,076 | 69 | 4% |
| 15 | Michigan | 9,962,311 | 280 | 3% |
| 16 | New York | 19,849,399 | 377 | 2% |
| 17 | Virginia | 8,470,020 | 153 | 2% |
| 18 | Oregon | 4,142,776 | 97 | 2% |
| 19 | Colorado | 5,607,154 | 89 | 2% |
| 20 | New Mexico | 2,088,070 | 34 | 2% |
California State University, Northridge
UNC Charlotte
Georgia State University
California State University, Northridge
Department of Business Law
Ray Calnan Ph.D.: Having a broad knowledge of the market and understanding the changes and requirements of real estate law. Soft skills are very important. Knowing how to communicate, negotiate, and interact with people is important in residential and commercial real estate. Commercial brokers will also require the ability to use high-level quantitative skills.
Ray Calnan Ph.D.: Communication and critical thinking will help the most. These skills are what get the opportunity and help you discover how to be successful.
Daniel Wright: -MBA with concentration in real estate or Master's in Real Estate
-Undergraduate degree in finance with real estate major
-CCIM designation
-CRE Designation
-State real estate license with broker designation
-Online course certifications such as Adventures in Commercial Real Estate
-Real estate modeling courses
-Data analytics courses
Daniel Wright: New graduates will face the issue of in-person mentorship. It will be a challenge for graduates to understand the company culture, observe the key company players, get a sense for the company brand, and have one-on-one help as they start out. The flip side is they may have access to a broader array of people which could prove beneficial. New graduates will have spent a year in the virtual environment, so depending on the company this may be business as usual or the new graduates may find themselves "unpracticed' in social interaction within a professional environment.
There may be a bit of a rude awakening if students were used to hybrid type courses that afforded maximum flexibility and then need to shift to a fixed schedule with their employer.
Daniel Wright: Everything is fluid so it is hard to tell at this point. Many employers are staying virtual at least through year's end while others are in-person. They will continue to utilize Zoom calls and will need to be proactive to ensure engagement with peers. The environment will require more self-discipline with limited over-the-back managers.
Daniel Wright: -Real estate companies and transactions have become quite complex overall, so salaries continue to increase reflecting the needed education to make real estate deals successful.
-However, there continues to be a ton of small real estate companies which often pay lower salaries.
Daniel Wright: Understanding how to leverage technology to have conversations and get work done; being responsible and professional beyond what is expected; working hard; opportunities will not just show up, they will require more intensity and effort.
Lynn McKee: We believe the most promising job markets will be the growth markets of the Southeast and Southwest (Atlanta, Charlotte, Nashville, Tampa, Orlando, Miami, Dallas, Houston, Austin, etc...). These markets are positioned to receive company and population relocations out of the extensive coastal markets as companies disperse their workforce and talent pools. Real estate demand and therefore job opportunities will follow this relocation pattern. More difficult markets will be these large coastal markets (New York, San Francisco, Boston, Washington, LA, etc...) which have existing deep pools of real estate talent but potentially diminishing real estate demand and therefore job opportunities.