Is Florida a good state for real estate agents?

Do real estate agents make good money in Florida?

According to the Bureau of Labor Statistics (BLS), the annual mean wage for Florida real estate agents in 2020 was a respectable $61,120.

Is there a demand for real estate agents in Florida?

There are currently an estimated 348,800 real estate agents in the United States. The real estate agent job market is expected to grow by 5.8% between 2016 and 2026.

Real Estate Agent job market by state.

State Name Employed Real Estate Agents
Florida 17,750
Texas 15,770
Georgia 11,170
California 10,380

How much does a new real estate agent make in Florida?

While ZipRecruiter is seeing salaries as high as $128,412 and as low as $16,896, the majority of First Year Real Estate Agent salaries currently range between $44,352 (25th percentile) to $87,860 (75th percentile) with top earners (90th percentile) making $109,403 annually in Florida.

Is it hard to become a real estate agent in Florida?

Getting your Florida real estate license is not easy – the Florida real estate exam is difficult! Our data shows the pass rate is around 50-60% at the first attempt.

THIS IS INTERESTING:  Can I sell my house for whatever I want?

How much do the top 1% of Realtors make?

Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

What jobs make the most money in Florida?

10 highest-paying jobs in Florida

  • Prosthodontists. …
  • Obstetricians and gynecologists. …
  • Orthodontists. …
  • Airline pilots, copilots, and flight engineers. …
  • Family medicine physicians. Employment: 11,830. …
  • Physicians, all other. Employment: 27,380. …
  • General internal medicine physicians. Employment: 1,240. …
  • Psychiatrists. Employment: 1,240.

How much do real estate agents make a month in Florida?

How much does a real estate agent make a month? Real estate agents make an average of $5,980 per month according to reported pay by Indeed users.

Is it worth getting a real estate license in Florida?

While you don’t technically need a real estate license in Florida to buy and sell your own properties as an investor, having a real estate license gives you more flexibility as an investor.

Why are there so many realtors in Florida?

Plus, many homeowners have found that their current home just doesn’t work in a pandemic where everyone is stuck working, learning, and hanging out at home for months on end. So there is a high demand for real estate agents to represent the many real estate transactions happening in Florida.

Is it worth it to become a real estate agent?

Working as a real estate agent or broker can be fulfilling and financially rewarding, but it’s not easy. A career in real estate requires drumming up business, promoting yourself, tracking leads, handling complex paperwork, providing customer service, and much, much more.

THIS IS INTERESTING:  What does the Virginia Real Estate Board administer?

How long does it take to be a real estate agent in Florida?

It takes 63 hours of real estate coursework to become an agent, while a broker license takes 72 hours and two years of practical experience. Coursework for both licenses is valid for two years after completion. Both licenses require passing a final exam and undergoing a background check.