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Real estate assistant hiring summary. Here are some key points about hiring real estate assistants in the United States:
Here's a step-by-step real estate assistant hiring guide:
A real estate assistant is responsible for supporting agents on real estate operations, providing the best customer service for the clients, and assisting with various paperwork. Real estate assistants research lots and properties, analyze the current market trends to compare prices, and create reports for the management's review. They perform administrative and clerical duties as needed, join real estate agents on-site visits, schedule appointments, coordinate with the team for marketing campaigns and promotional events, write proposals, and conduct follow-ups for closing processes.
Before you start hiring a real estate assistant, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect real estate assistant also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of real estate assistants and their corresponding salaries.
| Type of Real Estate Assistant | Description | Hourly rate |
|---|---|---|
| Real Estate Assistant | General office clerks perform a variety of clerical tasks, including answering telephones, typing documents, and filing records. | $14-25 |
| Clerk | Clerks are responsible for many of the general administrative tasks in the office. They are in charge of manning office telephone lines, managing incoming and outgoing mails, filing paperwork and other needed records, scheduling and documenting meetings, typing out documents when needed, disseminating memos and other official announcements, and keeping an inventory of office equipment and supplies... Show more | $11-18 |
| Transaction Coordinator | A transaction coordinator is responsible for performing administrative and clerical duties for the clients regarding their real estate contracts and transactions. Transaction coordinators sometimes do fieldwork to inspect the property area, write findings reports, perform cost and expenses analysis, and inform the clients of required documentation... Show more | $14-27 |
Including a salary range in your real estate assistant job description helps attract top candidates to the position. A real estate assistant salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a real estate assistant in Oklahoma may be lower than in Washington, and an entry-level real estate assistant usually earns less than a senior-level real estate assistant. Additionally, a real estate assistant with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $54,404 | $26 |
| 2 | California | $48,635 | $23 |
| 3 | Nevada | $47,977 | $23 |
| 4 | District of Columbia | $47,970 | $23 |
| 5 | Massachusetts | $47,953 | $23 |
| 6 | Colorado | $45,834 | $22 |
| 7 | Minnesota | $45,682 | $22 |
| 8 | Oregon | $45,551 | $22 |
| 9 | New Hampshire | $43,343 | $21 |
| 10 | Arizona | $43,146 | $21 |
| 11 | Texas | $41,322 | $20 |
| 12 | New York | $40,837 | $20 |
| 13 | Illinois | $40,744 | $20 |
| 14 | Pennsylvania | $39,949 | $19 |
| 15 | Iowa | $39,923 | $19 |
| 16 | Connecticut | $39,676 | $19 |
| 17 | Ohio | $39,428 | $19 |
| 18 | Wisconsin | $39,215 | $19 |
| 19 | Virginia | $39,159 | $19 |
| 20 | Indiana | $38,963 | $19 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Ernst & Young | $50,661 | $24.36 | 585 |
| 2 | Deloitte | $49,992 | $24.03 | 109 |
| 3 | ALDI USA | $49,124 | $23.62 | |
| 4 | Home Bancshares Inc. | $48,819 | $23.47 | 1 |
| 5 | Goodwin | $46,911 | $22.55 | |
| 6 | Ben Kinney Companies | $45,940 | $22.09 | |
| 7 | CB Richard Ellis Memphis LLC | $45,940 | $22.09 | |
| 8 | Tripalink | $45,940 | $22.09 | |
| 9 | Open Door | $45,892 | $22.06 | |
| 10 | Christie's | $45,359 | $21.81 | |
| 11 | Northpoint | $45,126 | $21.70 | 8 |
| 12 | Legacy Healthcare | $45,111 | $21.69 | |
| 13 | Clark Partington | $45,053 | $21.66 | |
| 14 | CBRE Group | $44,906 | $21.59 | 2 |
| 15 | NORTH | $44,831 | $21.55 | |
| 16 | Randstad North America, Inc. | $44,575 | $21.43 | 2 |
| 17 | Compass SLS and ILS | $44,415 | $21.35 | |
| 18 | RE/MAX Realty One | $43,893 | $21.10 | |
| 19 | Raymond | $43,601 | $20.96 | |
| 20 | Keller Williams Capital Properties | $43,485 | $20.91 | 7 |
A good real estate assistant job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a real estate assistant job description:
There are various strategies that you can use to find the right real estate assistant for your business:
During your first interview to recruit real estate assistants, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the real estate assistant position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new real estate assistant first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire real estate assistants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire real estate assistants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $41,447 per year for a real estate assistant, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for real estate assistants in the US typically range between $14 and $25 an hour.