According to data from the US Bureau of Labor Statistics, the average salary for Real Estate Managers is $70,030 per year, while Real Estate Sales Agents earn an average of $61,480 annually. This indicates that Real Estate Sales Agents earn a lower salary than Real Estate Managers.
However, it's worth mentioning that wages can vary depending on factors like location, experience, and the specific setting in which the employee works. As an example, Real Estate Sales Agents who work in Massachusetts (with salary averaging $90,390) may earn more than those who work in Tennessee ($40,390).
Real Estate Managers vs Real Estate Sales Agents overview
Real Estate Managers and Real Estate Sales Agents are two important jobs in the Real Estate industry. There is a general interest in understanding the differences between these job titles, including the average salary for each of them.
Real Estate Manager job description
Alternative names: Property, Real Estate, and Community Association Managers
Real Estate Managers plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
Real Estate Manager education and experience
Most Real Estate Managers (55%) have a Bachelor's Degree. But additionally, among employees with this job title, there are also some with a High School Diploma (15%) and a Post-Secondary Certificate (10%). With regard to experience, about a third of Real Estate Manager occupations require a 4 to 6 years of previous work-related experience. A smaller portion of roles (25%) require a previous experience of 1 to 2 years.
Real Estate Manager average salary
According to the US Bureau of Labor Statistics, there were 234,680 Real Estate Managers employed in the United States in 2021, and they earned an average annual income of $70,030. The bottom 10 percent earned $30,740 or less, and the top 10 percent earned $124,680 or more. Compared to the previous year, the mean salary has decreased by 4.3%.
Do Real Estate Managers make good money?
Real Estate Managers typically make good salaries, since their mean salary is 20% above the average pay in the United States ($58,260). Additionally, they make about a quarter more than the mean salary of the Real Estate industry ($55,880).
Real Estate Managers typically make good salaries, since their mean salary is 20% above the average pay in the United States ($58,260).
Real Estate Managers job growth
In 2021, there have been 14,880 more Real Estate Manager job opportunities than the previous year across the nation, and that shows an increase of 6.8%. Over the past 3 years, job growth has averaged 5.1%.
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
43% of Real Estate Sales Agents have completed a High School Diploma, 24% have a Post-Secondary Certificate, and 10% hold a Less than a High School Diploma. When it comes to experience, more than half of Real Estate Sales Agent jobs do not require any previous experience. A smaller percentage of jobs (10%) require a previous experience of 2 to 4 years.
Real Estate Sales Agent average salary
According to the US Bureau of Labor Statistics, the United States had a workforce of 175,920 Real Estate Sales Agents in 2021 and they earned a mean annual income of $61,480. The lowest earning 10 percent made $28,270 or less, and the highest earning 10 percent made $102,170 or more per year. Compared to the previous year, the average salary is down by 2.4%.
Do Real Estate Sales Agents make good money?
Real Estate Sales Agents usually receive good salaries, as their average salary is 6% higher than the average wage in the United States ($58,260). Furthermore, they earn 10% more than the average wage of the Real Estate industry ($55,880).
Real Estate Sales Agents usually receive good salaries, as their average salary is 6% higher than the average wage in the United States ($58,260).
Real Estate Sales Agents job growth
There has been a growth in the number of Real Estate Sales Agents being hired over the last two years. In 2021, there have been 7,180 more positions than the previous year nationwide, which marks a rise of 4.3%. The average job growth over the past 3 years has been 3.9%.
FAQ
Do Real Estate Managers or Real Estate Sales Agents make more?
Real Estate Managers make 14% more than Real Estate Sales Agents. The average annual salary for Real Estate Sales Agents is $61,480, while Real Estate Managers earn $70,030 per year.
How long does it take to become a Real Estate Manager vs Real Estate Sales Agent?
Becoming a Real Estate Manager generally requires a Bachelor's Degree. Completing a Bachelor's Degree most often takes around 4 years of study. In contrast, becoming a Real Estate Sales Agent generally only requires a High School Diploma.
Is it harder to become a Real Estate Manager vs Real Estate Sales Agent?
It is more difficult to become a Real Estate Manager than a Real Estate Sales Agent, as it takes 4 more years of education.