Real Estate Sales Agents vs Retail Salespersons salary

Based on data from the US Bureau of Labor Statistics, the average yearly pay for Real Estate Sales Agents is $61,480, compared to the average annual salary of $31,920 for Retail Salespersons. As a result, Real Estate Sales Agents earn a salary that is significantly higher than Retail Salespersons.

However, it's important to note that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. For example, Real Estate Sales Agents working in Massachusetts (with a salary of $90,390 on average) may earn more than those in Tennessee ($40,390). To provide another example, the average salary of Retail Salespersons in Washington is 39% higher than those in Alabama.

Real Estate Sales Agents vs Retail Salespersons overview

Real Estate Sales Agents and Retail Salespersons are two important jobs in the Real Estate and General Merchandise Stores industries respectively. There is a general interest in understanding the differences between these job titles, including the average salary for each of them.

Real Estate Sales Agent job description

Alternative names: Realtors, Property Managers

Real Estate Sales Agents rent, buy, or sell property for clients. Perform duties such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.

Real Estate Sales Agent education and experience

Among Real Estate Sales Agents, 43% have completed a High School Diploma, 24% hold a Post-Secondary Certificate, and 10% have a Less than a High School Diploma. In terms of experience, the majority of Real Estate Sales Agent occupations require no previous experience. A smaller number of roles (10%) require a previous experience of 2 to 4 years.

Real Estate Sales Agent average salary

Based on data from the US Bureau of Labor Statistics, the United States had a workforce of 175,920 Real Estate Sales Agents in 2021 and their average annual wage was $61,480. The bottom 10 percent had earnings of $28,270 or less, and the top 10 percent had earnings of $102,170 or more. The average salary has decreased by 2.4% in comparison to the previous year.

Do Real Estate Sales Agents make good money?

Real Estate Sales Agents are typically paid well, since their mean salary is 6% above the average wage in the United States ($58,260). Furthermore, they make 10% more than the mean earnings of the Real Estate industry ($55,880).

Real Estate Sales Agents are typically paid well, since their mean salary is 6% above the average wage in the United States ($58,260).

Real Estate Sales Agents job growth

The employment of Real Estate Sales Agents has grown over the past two years. In 2021, there have been 7,180 more positions than the previous year across the nation, and that marks a rise of 4.3%. The average job growth rate for the past 3 years has been 3.9%.

Retail Salesperson job description

Retail Salespersons sell merchandise, such as furniture, motor vehicles, appliances, or apparel to consumers.

Retail Salesperson education and experience

Most Retail Salespersons (63%) have a High School Diploma. But this field also includes some employees who have a Less than a High School Diploma (19%) and an Associate's Degree (10%). Regarding experience, 40% of Retail Salesperson occupations require no previous experience. A smaller portion of roles (32%) require a previous experience of 6 months to 1 year.

Retail Salesperson average salary

As stated by the US Bureau of Labor Statistics, the United States employed 3.69M Retail Salespersons in 2021, and the average income they earned annually was $31,920. The bottom 10 percent had earnings of $21,840 or less, and the top 10 percent had earnings of $45,460 or more. The average salary has an increase of 3.2% in comparison to the previous year.

Do Retail Salespersons make good money?

The mean salary of Retail Salespersons is about a half below the average pay in the United States ($58,260). However, they make 4% less than the mean salary of the General Merchandise Stores industry ($33,130).

The mean salary of Retail Salespersons is about a half below the average pay in the United States ($58,260).

FAQ

Do Real Estate Sales Agents or Retail Salespersons make more?

The average earnings of Real Estate Sales Agents are 93% higher than those of Retail Salespersons. On average, Retail Salespersons make $31,920 per year, while Real Estate Sales Agents make $61,480.

How long does it take to become a Real Estate Sales Agent vs Retail Salesperson?

Both Real Estate Sales Agents and Retail Salespersons typically only need a High School Diploma, so further education is not required.

Is it harder to become a Real Estate Sales Agent vs Retail Salesperson?

Neither job title is more challenging to attain than the other, as they both require the same type of education.