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Real estate sales associate hiring summary. Here are some key points about hiring real estate sales associates in the United States:
Here's a step-by-step real estate sales associate hiring guide:
A Real Estate Associate helps clients rent, buy, and sell properties. They also advertise clients properties to other realtors and potential buyers, as well as negotiate contracts with buyers and agents by acting on their behalf.
Before you start hiring a real estate sales associate, 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.
A real estate sales associate's background is also an important factor in determining whether they'll be a good fit for the position. For example, real estate sales associates from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of real estate sales associate salaries for various roles:
Type Of Real Estate Sales Associate | Description | Hourly Rate |
---|---|---|
Real Estate Sales Associate | Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their own real estate businesses... Show More | $29-66 |
Home Agent | Home Agents are responsible for negotiating the letting and sales of residential home properties through liaising with clients, property professionals, and solicitors. Their duties include gathering property information, reaching out to sellers about the property, estimating property value, and marketing properties for sale... Show More | $7-17 |
Apartment Leasing Agent | Apartment leasing agents are professionals who are working on behalf of apartment owners to find potential tenants. The agents manage the signing of leases and provide existing tenants with customer service... Show More | $12-19 |
Including a salary range in your real estate sales associate job description is one of the best ways to attract top talent. A real estate sales associate can vary based on:
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | New York | $114,905 | $55 |
2 | Massachusetts | $114,852 | $55 |
3 | California | $111,421 | $54 |
4 | Washington | $106,420 | $51 |
5 | Connecticut | $105,669 | $51 |
6 | Michigan | $101,122 | $49 |
7 | Pennsylvania | $98,344 | $47 |
8 | Utah | $90,257 | $43 |
9 | Georgia | $89,905 | $43 |
10 | Nevada | $88,829 | $43 |
11 | Colorado | $88,485 | $43 |
12 | District of Columbia | $88,238 | $42 |
13 | Missouri | $86,609 | $42 |
14 | Ohio | $86,289 | $41 |
15 | Oregon | $86,193 | $41 |
16 | Iowa | $84,530 | $41 |
17 | New Mexico | $82,470 | $40 |
18 | Maryland | $79,877 | $38 |
19 | Arizona | $78,582 | $38 |
20 | Delaware | $78,305 | $38 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Greenberg Traurig | $141,616 | $68.08 | 27 |
2 | DLA Piper | $139,816 | $67.22 | 45 |
3 | Kane Russell Coleman Logan | $134,500 | $64.66 | 3 |
4 | Seyfarth Shaw | $132,255 | $63.58 | |
5 | Neuberger Berman | $124,554 | $59.88 | |
6 | Shearman & Sterling | $123,670 | $59.46 | 1 |
7 | WLRK | $123,641 | $59.44 | |
8 | Brookfield Properties | $120,719 | $58.04 | |
9 | $120,604 | $57.98 | 8 | |
10 | Masuda Funai | $118,516 | $56.98 | |
11 | Tishman | $114,618 | $55.10 | |
12 | Davis Graham & Stubbs | $113,199 | $54.42 | |
13 | Wilson Elser Moskowitz Edelman & Dicker Llp | $112,705 | $54.19 | |
14 | BMO Capital Markets | $111,151 | $53.44 | 8 |
15 | Blackstone Group | $110,671 | $53.21 | |
16 | Federal Reserve Bank of New York | $109,233 | $52.52 | |
17 | Moody's | $108,987 | $52.40 | 2 |
18 | Lewis Brisbois Bisgaard & Smith | $108,541 | $52.18 | |
19 | Dorsey & Whitney | $108,496 | $52.16 | 3 |
20 | Gordon Brothers | $107,941 | $51.89 |
A good real estate sales associate 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 sales associate job description:
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To find the right real estate sales associate for your business, consider trying out a few different recruiting strategies:
Your first interview with real estate sales associate candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect real estate sales associate candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your 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 employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring a real estate sales associate comes with both the one-time cost per hire and ongoing costs. The cost of recruiting real estate sales associates involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of real estate sales associate recruiting as well the ongoing costs of maintaining the new employee.
Real estate sales associates earn a median yearly salary is $92,941 a year in the US. However, if you're looking to find real estate sales associates for hire on a contract or per-project basis, hourly rates typically range between $29 and $66.