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What is a Realtor

At some point in your life, you would likely enlist the services of a realtor to help you acquire your dream home. However, the job of a realtor is a little more complicated than it seems. To illustrate, they are not only in charge of helping you find potential houses, but they are also responsible for communicating with sellers, taking care of the paperwork, coordinating with service providers (home inspectors, contractors, insurance agents, etc.), and maintaining accurate records.

Furthermore, a realtor will be the one to conduct tours of potential homes, helping clients find the best one that fits their needs, particularly when it comes to their budget.

If this sounds like a career that you want to pursue, you would have to pass a licensing exam, activate your real estate agent license, and become a member of the National Association of Realtors (NAR). Although the titles of a real estate agent and a realtor are generally the same, you can add to your credibility by joining the NAR.

In terms of salary, the average realtor makes around $36,000 a year. Beyond that, they earn more in commissions from every sale, which averages at 6% of the total sale price.

There is more than meets the eye when it comes to being a Realtor. For example, did you know that they make an average of $16.77 an hour? That's $34,883 a year!

Between 2018 and 2028, the career is expected to grow 7% and produce 32,400 job opportunities across the U.S.

What Does a Realtor Do

There are certain skills that many Realtors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Business skills, Problem-solving skills and Interpersonal skills.

Learn more about what a Realtor does

How To Become a Realtor

If you're interested in becoming a Realtor, one of the first things to consider is how much education you need. We've determined that 59.7% of Realtors have a bachelor's degree. In terms of higher education levels, we found that 7.5% of Realtors have master's degrees. Even though most Realtors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Realtor. When we researched the most common majors for a Realtor, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Realtor resumes include Master's Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become a Realtor. In fact, many Realtor jobs require experience in a role such as Administrative Assistant. Meanwhile, many Realtors also have previous career experience in roles such as Office Manager or Sales Associate.

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Average Salary
$34,883
Average Salary
Job Growth Rate
7%
Job Growth Rate
Job Openings
10,671
Job Openings
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Average Salary for a Realtor

Realtors in America make an average salary of $34,883 per year or $17 per hour. The top 10 percent makes over $46,000 per year, while the bottom 10 percent under $26,000 per year.
Average Salary
$34,883
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12 Realtor Resume Examples

Learn How To Write a Realtor Resume

At Zippia, we went through countless Realtor resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Realtor Resume Examples And Templates

Choose From 10+ Customizable Realtor Resume templates

Zippia allows you to choose from different easy-to-use Realtor templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Realtor resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Realtor Demographics

Realtor Gender Distribution

Male
Male
40%
Female
Female
60%

After extensive research and analysis, Zippia's data science team found that:

  • Among Realtors, 59.8% of them are women, while 40.2% are men.

  • The most common race/ethnicity among Realtors is White, which makes up 74.7% of all Realtors.

  • The most common foreign language among Realtors is Spanish at 59.7%.

Job Openings

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Realtor Education

Realtor Majors

31.2 %

Realtor Degrees

Bachelors

59.7 %

Associate

20.1 %

Masters

7.5 %
Job Openings

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Online Courses For Realtor That You May Like

Fundamentals of Residential Property Management
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Understand the foundation of residential property management as a property manager or landlord...

Property Management 101
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Learn the basics of managing rental property and becoming a landlord...

Wholesaling Real Estate Made Easy - 2021 (Contract Included)
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Wholesale Real Estate Investing 101: Flipping Contracts: Real Estate Flipping - How To Guide: Wholesaling Real Estate...

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Top Skills For a Realtor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 29.1% of Realtors listed Real Estate on their resume, but soft skills such as Business skills and Problem-solving skills are important as well.

  • Real Estate, 29.1%
  • Buyers, 13.7%
  • Open Houses, 6.6%
  • Purchase Agreements, 3.9%
  • New Clients, 3.8%
  • Other Skills, 42.9%

Best States For a Realtor

Some places are better than others when it comes to starting a career as a Realtor. The best states for people in this position are Connecticut, Vermont, Alaska, and Maine. Realtors make the most in Connecticut with an average salary of $58,326. Whereas in Vermont and Alaska, they would average $55,346 and $53,519, respectively. While Realtors would only make an average of $53,413 in Maine, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Connecticut

Total Realtor Jobs:
248
Highest 10% Earn:
$98,000
Location Quotient:
3.15
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Vermont

Total Realtor Jobs:
37
Highest 10% Earn:
$82,000
Location Quotient:
2.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Hampshire

Total Realtor Jobs:
97
Highest 10% Earn:
$80,000
Location Quotient:
2.33
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Realtors

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Top Realtor Employers

Most Common Employers For Realtor

RankCompanyZippia ScoreAverage Realtor SalaryAverage Salary
1$40,307
2
2.Exit Realty Central
$38,831
3
3.Realty Executives
$38,247
4
4.Long & Foster Companies
$38,025
5$37,924
6$37,870

Realtor Videos

Becoming a Realtor FAQs

How long does it take to become a Realtor?

It takes 8 years of professional experience to become a realtor. That is the time it takes to learn specific realtor skills, but does not account for time spent in formal education.

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