Real Estate Agent Annual Salary in Arizona ($73,849 Avg | Nov 2021) – ZipRecruiter
- As of Nov 6, 2021, the average annual pay for a Real Estate Agent in Arizona is $73,849 an year. Just in case you need a simple salary calculator, that works out to be approximately $35.50 an hour. This is the equivalent of $1,420/week or $6,154/month.
- 1 How much does the average realtor make in Arizona?
- 2 Do real estate agents get paid well?
- 3 How much do part time real estate agents make in Arizona?
- 4 Is it hard to become a real estate agent in Arizona?
- 5 Is real estate hard?
- 6 Is it worth becoming an estate agent?
- 7 What are top paying jobs?
- 8 Can real estate be a side hustle?
- 9 How many hours do real estate agents work?
- 10 How long does it take to become a real estate agent?
- 11 What is a good salary in Arizona?
- 12 What jobs are in high demand in Arizona?
- 13 Real Estate Agent salary in Arizona
- 14 Salaries by years of experience in Arizona
- 15 Top companies for Real Estate Agents in Arizona
- 16 Where can a Real Estate Agent earn more?
- 17 Best-paid skills and qualifications for Real Estate Agents
- 18 Salary satisfaction
- 19 70% of Real Estate Agents in the United States think their salaries are enough for the cost of living in their area.
- 20 How Are Real Estate Agents Paid?
- 21 How Much Do Real Estate Agents Make in Arizona?
- 22 Seniority Makes a Difference
- 23 Common Real Estate Agent Benefits
- 24 Do You Want to Become an Arizona Real Estate Agent?
- 25 Real Estate Sales Agent Salary in Phoenix, AZ
- 26 Career PathforReal Estate Sales Agent
- 27 Are you an HR manager or compensation specialist?
- 28 Understand the total compensation opportunity for a Real Estate Sales Agent, base salary plus other pay elements
- 29 Average Total Cash Compensation
- 30 Discover how your pay is adjusted for skills, experience, and other factors
- 31 How much should you be paid?
- 32 Salaris: Real Estate Agent in Phoenix, AZ
- 33 Salarissen in regio Phoenix, Verenigde Staten
- 34 Salarissen voor Real Estate Agent in regio Phoenix, Verenigde Staten
- 35 Veelgestelde vragen over salarissen voor eenReal Estate Agent
- 36 How To Become A Real Estate Agent In Arizona
- 37 What’s The Average Arizona Real Estate Commission In 2021?
- 38 How real estate agent commission works in Arizona
- 39 How to save on real estate commission in Arizona
- 40 Sellers Can Save Thousands With Clever!
- 40.1 Tips for negotiating realtor commission in Arizona
- 40.2 Find a top realtor in Arizona
- 40.3 Low commission real estate companies in Arizona
- 40.3.1 The top discount real estate companies in Arizona
- 40.3.2 Listing Fee
- 40.3.3 ⭐ Avg. Customer Rating
- 40.3.4 Listing Fee
- 40.3.5 ⭐ Avg. Customer Rating
- 40.3.6 Listing Fee
- 40.3.7 ⭐ Avg. Customer Rating
- 40.3.8 Listing Fee
- 40.3.9 ⭐ Avg. Customer Rating
- 40.3.10 The top flat-fee MLS listing services in Arizona
- 40.3.11 Best For
- 40.3.12 Best For
- 40.4 Learn more
- 41 Next Steps: Talk to an expert!
- 42 Methodology
- 43 Additional Resources for Arizona Home Sellers
- 44 10 States Where Real Estate Agents Earn The Most Money
- 45 10 States Where Real Estate Agents Earn The Least Money
- 46 How Much Real Estate Agents Make In Each State
- 47 Commercial Real Estate Agent Salary in Phoenix, AZ
- 48 Recent Salary Records for Commercial Real Estate Agent
- 49 Real Estate Agent Salary
How much does the average realtor make in Arizona?
How Much Do Real Estate Agents Make in Arizona? The average salary for a real estate agent in Arizona is $50,640, which is about 6% less than the national average, but the range is really wide. Agents in the bottom 20% of salaries earn $24,600 on average, while those in the top 20% earn closer to $104,500 per year.
Do real estate agents get paid well?
Among real estate agents, the mean income of $82,045 is 50 per cent higher than the median income of $54,539. This suggests that the average is being elevated by those earning very large sums. Some agents get paid purely on commission, but Sammut says this practice is becoming less common.
How much do part time real estate agents make in Arizona?
While ZipRecruiter is seeing salaries as high as $106,817 and as low as $16,840, the majority of Part Time Real Estate Agent salaries currently range between $28,869 (25th percentile) to $76,984 (75th percentile) with top earners (90th percentile) making $96,230 annually in Phoenix.
Is it hard to become a real estate agent in Arizona?
The state requires that you achieve a score of 75% or higher to pass. At ASREB, we will help you prepare for the Arizona real estate license exam with the best online exam prep program in the industry – CompuCram. You will learn at your own pace and get tools to set you up for success in your future career.
Is real estate hard?
Earning a living selling real estate is hard work. You have to be organized in order to keep track of legal documents, meetings, and all the tasks that go into multiple listings. You may go without a paycheck for periods of time because the work is often commission-based. If you don’t sell, you don’t earn anything.
Is it worth becoming an estate agent?
Higher than Average Salary Working as an estate agent is also an opportunity to build a successful career, from which you can earn an income based on your performance. It is, therefore, a growing market and you will most probably see a positive return on your efforts.
What are top paying jobs?
Here is a look at the top 100 highest-paying jobs:
- Cardiologist. National average salary: $351,827 per year.
- Anesthesiologist. National average salary: $326,296 per year.
- Orthodontist. National average salary: $264,850 per year.
- Psychiatrist. National average salary: $224,577 per year.
Can real estate be a side hustle?
As a side hustle, you can get your real estate license to become a Realtor and start selling real estate properties. Naturally, this is extremely profitable once you get enough contacts and experience in the industry. But note that it does take a lot of time and study to get your real estate license.
How many hours do real estate agents work?
Daily and Weekly Routines Nearly half (49 percent) work 40 hours or more. What’s more, over half (53 percent) say they work the same hours or longer today than they did their first year.
How long does it take to become a real estate agent?
You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.
What is a good salary in Arizona?
While ZipRecruiter is seeing salaries as high as $126,363 and as low as $19,047, the majority of salaries within the Average jobs category currently range between $45,992 (25th percentile) to $68,756 (75th percentile) with top earners (90th percentile) making $83,622 annually in Arizona.
What jobs are in high demand in Arizona?
- Health care and social assistance.
- Administrative and waste services.
- Professional and technical services.
- Mining, quarrying, and oil and gas extraction.
- Wholesale trade.
Real Estate Agent salary in Arizona
For a real estate agent in Arizona, the average annual compensation is $124,492 (plus bonuses). 4k wages were reported as of December 21, 2021, and were last updated on December 21, 2021.
Salaries by years of experience in Arizona
|Years of experience||Per year|
|Less than 1 year|
|1 to 2 years|
|3 to 5 years|
|6 to 9 years|
|More than 10 years|
Indeed allows you to search for job vacancies based on the years of experience that are relevant to you.
Top companies for Real Estate Agents in Arizona
- Salaries reported for Sedona, AZ122
- Salaries reported for Surprise, AZ223
- Salaries reported for Peoria, AZ184
- There have been 273 reported wages in Glendale, AZ
- 222 reported salaries in Gilbert, AZ
- And 174 reported salaries in Scottsdale, AZ.
- Tucson, AZ63 salaries were recorded
- Phoenix, AZ536 salaries were reported
- And Goodyear, AZ202 salaries were reported
Where can a Real Estate Agent earn more?
Salary ranges for Real Estate Agents in various locales are shown below.
Best-paid skills and qualifications for Real Estate Agents
Since 2018, the number of occupations that require this expertise has increased by 1400.00 percent. Real estate agents with this talent make an average annual compensation of $124,492, which is 61.67 percent more than the typical base wage.
|Year||Number of job openings on Indeed requiring this skill||Change from previous year|
|2017||2||increase by 2|
|2018||1||decrease by 50.00%|
|2019||15||increase by 1400.00%|
Top companies hiring Real Estate Agents with the recommended skill
- Work from home
- Flexible schedule
- Aid with professional growth
- Parental leave
- And more.
- Health insurance, stock options, commuting aid, and food are all available.
- Employee discounts, vision and dental insurance, and mileage reimbursement are all available.
based on 3,536 user reviews
70% of Real Estate Agents in the United States think their salaries are enough for the cost of living in their area.
According to Indeed users who reported their compensation, real estate brokers make an average of $5,980 per month on the job.
Do real estate agents get paid weekly?
Real estate agents are compensated on a commission basis, which means that they will be compensated whenever they assist a client in the purchase or sale of a property, rather than receiving a weekly wage.
Do real estate agents get hourly pay?
No, real estate agents are often compensated on a commission basis after assisting a client in the purchase or sale of real estate.
Do real estate agents make a base salary?
With years of expertise, real estate brokers in Arizona may make more than $100,000. The remuneration for a first-year agent, on the other hand, is significantly lower at $50,000 per year! Learn more about real estate license and take advantage of exclusive discounts. Have you ever considered pursuing a career as a real estate agent in the state of Arizona? A number of the fastest-growing cities in the country may be found in the state. Affordable housing, beautiful scenery, excellent schools, and a thriving job market all contribute to its rise.
Arizona is also a fantastic place for real estate agents because of this aspect.
How Are Real Estate Agents Paid?
Real estate agents are paid a commission, which is a proportion of the sale price. This implies that they get compensated when a property is purchased, sold, or rented. There is no guarantee that you will get a weekly payout. In reality, there is very little consistency in pay. Instead, the salesman has the option to earn as much or as little as he or she is willing to put in. While some real estate professionals may earn a salary in addition to an additional commission — the amount varies depending on the brokerage — the majority of property firms do not provide this benefit.
How Much Do Real Estate Agents Make in Arizona?
Real estate agents in Arizona earn an average of $50,640 per year. This is around 6% less than the national average, although the range is quite broad. Agents in the bottom 20 percent of incomes make an average of $24,600 each year, and those in the top 20 percent earn an average of $104,500.
One of the most important metrics is performance. Agents’ earning potential increases in direct proportion to the amount of labor they do. It is critical to establish a network.
Seniority Makes a Difference
The amount of money you earn as a real estate agent in Arizona is determined by how long you have been in the business. Agents at the entry level make around $24,550 per year. They are still in the process of establishing a network and learning the ropes. In addition, many first-year salespeople must share their commission with their broker, which is often approximately 50 percent of their total commission. That has a significant impact on earnings. At junior level, the average salary rises to $34,594 per year, but that is only the beginning of their upward mobility.
Keep in mind, though, that people with greater salaries are more likely to put in longer hours.
Real estate agents in Arizona who work 60 hours or more per week earn an average of $87,000 per year.
Common Real Estate Agent Benefits
Many real estate agents in Arizona are eligible for additional perks in addition to their wages. In addition to the ability to work from home and the ability to choose their own hours, they frequently benefit from additional benefits. Professional development aid, as well as health insurance, mileage reimbursement, and parental leave, are all standard benefits for most employers. In certain cases, real estate brokers may even provide their agents stock options. The specifics of the bundle will vary depending on the brokerage.
Do You Want to Become an Arizona Real Estate Agent?
Arizona is an interesting spot to begin a real estate career as a newcomer. Before you can get started, you’ll need to complete theArizona real estate pre-licensing course first. It is a 90-hour course that may be completed online through an accredited institution such as Aceable. We provide on-demand sessions for the Arizona licensing course to make it easier for you to fit your education into your schedule and schedule. Aceable can help you get started on the path to a successful real estate agent profession in Arizona.
retains ownership of all intellectual property rights.
Real Estate Sales Agent Salary in Phoenix, AZ
- A Real Estate Sales Agent’s salary in Phoenix, Arizona is around $90,000 annually. As of November 29, 2021, the average Real Estate Sales Agent income in Phoenix, AZ is $42,994, with the range frequently falling between $42,001 and $54,687. A variety of essential criteria, like schooling, certifications, supplementary talents, and the amount of years you’ve spent in your career, can have a significant impact on salary ranges. Salary.com provides more online, real-time salary data than any other website, allowing you to pinpoint your exact wage objective. Based on HR-reported data: a national average with a geographic differentiation
- 25 percent
- 10 percent
- 90 percent
- 75 percent
- 50 percent (Median)
- 90 percent Check all the Real Estate Sales Agent positions available in Phoenix, Arizona.
Career PathforReal Estate Sales Agent
Sales Representative in the Real Estate Industry in the city of Boise, Idaho Rachel Wexler is a real estate sales agent who helps buyers and sellers find the perfect property, whether it’s a starting house or a million-dollar mansion. December 27, 2019Real Estate Sales Agent in Elyria, OhioReal Estate Sales Agent The Outbound/Inbound Sales Agent is driven by a desire to see others succeed and gains energy from interacting with other people. Real Estate Sales Agent Posted on December 08, 2019 in Lawrence, Massachusetts, MAA Having a successful real estate career can be extremely financially rewarding and interesting, and this curriculum equips graduates to be successful in demanding real estate positions.
The 18th of February, 2020 Is this not the position you’re searching for? More salary information may be found here:
Are you an HR manager or compensation specialist?
The CompAnalyst platform from Salary.com provides the following features:
- CompAnalyst, a platform developed by Salary.com, has the following capabilities:
Find out more about
Real Estate Sales Agent Pay Difference by Location
|City, State||Compared to national average|
|City, StateSan Francisco, CA||Compared to national average+ 25.0%|
|City, StateWashington, DC||Compared to national average+ 11.3%|
|City, StateMiami, FL||Compared to national average-2.6%|
|City, StateChicago, IL||Compared to national average+ 6.1%|
|City, StateBoston, MA||Compared to national average+ 12.7%|
|City, StateNew York, NY||Compared to national average+ 20.3%|
|City, StateDallas, TX||Compared to national average-0.7%|
Located in the southern United States, Phoenix lies in the south-central section of Arizona, almost midway between Tucson to the southeast and Flagstaff to the north. It is the state capital of Arizona. It is roughly 150 miles (240 kilometers) north of the Sonoyta border crossing and 180 miles (290 kilometers) north of the Nogales border crossing via automobile. Because of its geographical location in the Salt River Valley, the metropolitan region is referred to as the “Valley of the Sun.” It is located in the northern parts of the Sonoran Desert at an elevation of 1,086 feet (331 meters) above sea level.
Adapted from Wikipedia (as of April 11, 2019).
Similar JobstoReal Estate Sales Agent
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|Job Title||Experience||EDUCATION||Salary Compared to This Job|
|Job Title Real Estate Attorney||Experience2 – 4||EducationJD||Salary Compared to This Job + 100.0%|
|Job Title Real Estate Clerk||Experience||Education||Salary Compared to This Job- 35.7%|
|Job Title Real Estate Clerk, Sr.||Experience||Education||Salary Compared to This Job- 30.8%|
|Job Title Real Estate Zoning Manager||Experience5 +||EducationBachelors||Salary Compared to This Job + 100.0%|
|Job Title Real Estate Zoning Specialist||Experience2 – 4||EducationBachelors||Salary Compared to This Job + 76.9%|
Level ofEducationforReal Estate Sales Agent
Simply follow the three basic steps shown below to create your own unique pay report. Step one of three
Understand the total compensation opportunity for a Real Estate Sales Agent, base salary plus other pay elements
Compensation at the core
Average Total Cash Compensation
Included are the base rate and yearly incentives. For the position of Real Estate Sales Agent in Phoenix, Arizona, the following charts show an example of an average base pay (core compensation), as well as the average total cash compensation. Based on experience, the base compensation for a Real Estate Sales Agent may range from $42,001 to $54,687, with an average base income of $42,994. The total cash compensation, which includes base salary and yearly incentives, may range from $47,124 to $59,531, with an average total cash compensation of $50,776.
Step two of three
Discover how your pay is adjusted for skills, experience, and other factors
To receive a real-time pay goal, please provide us with further information about your work in the four areas listed below. I have work experience that is relevant to this position. Step three of three
How much should you be paid?
Tell us more about your position in the four categories below to receive a real-time pay goal. Job experience in a related field is something I possess. 3rd step of a three-step procedure
Salaris: Real Estate Agent in Phoenix, AZ
False Finished on the 17th of December in the year 2021. US$ 64,500 per year for a junior Basissalaris23 salarissen is a typical salary range. There has been no mention of any aanvullende contante vergoeding for this position. How much does a real estate agent in Phoenix get paid per hour? For a Real Estate Agent in Phoenix, the average hourly wage is $63.814 dollars. Schatten voor het voor Occupational salaries in Phoenix are based on 23 salaries submitted anonymously to Glassdoor by Real Estate Agents working in the Phoenix area.
Salarissen in regio Phoenix, Verenigde Staten
The location is in the Phoenix, Arizona area of the United States.
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- – regio Phoenix, the Republic of the Netherlands
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- Well-balanced Salaris: hoog naar laag
- Salaris: laag naar hoog
- Salaris: hoog naar laag
Bedrijf Basissalaris in the middle of the road (USD) Bereik4.3 ranges from US$ 53.017 to US$ 173.089 per unit. Bereik4.2: US$ 70.214-US$ 75.445 Bereik4.2: US$ 70.214-US$ 75.445 Bereik4.6 (US$ 21.482-US$ 53.308) Bereik4.6 (US$ 21.482-US$ 53.308) Bereik4.3 US$ 3.085-US$ 4.692 Bereik4.3 US$ 3.085-US$ 4.692 Bereik4.3 US$ 30.558-US$ 53.029 Bereik4.3 US$ 30.558-US$ 53.029 Bereik4.2 ranges from US$ 39.330 to US$ 119.496.
Bereik4.3US$ 42.632-US$ 52.513Bereik4.3US$ 42.632-US$ 52.513Bereik 62.466-95.856 dollars (US dollars) Bereik3.7 US$ 78.632-US$ 84.172 Bereik3.7 US$ 78.632-US$ 84.172 Bereik4.5 ranges from US$ 98.539 to US$ 106.992. In the United States, Bereik3.8 is 92.526-US$ 100.964. Bereik3.9★
per uurInfo, a real estate agent is employed.
US$ 13- US$ 13
Per uur3.4, US$ 34.070-US$ 37.488 are charged. Bereik4.1★
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US$ 12- US$ 14
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US$ 11- US$ 12
Per uur4.24.2US$ 95.605-US$ 104.809 per uur4.24.2 Bereik 4.1 US$ 48.436-US$ 52.752 4.1 US$ 48.436-US$ 52.752 Bereik US$ 43.480-US$ 47.259 for 3.5-3.9 US$ 43.480-US$ 47.259 for 3.5-3.9 US$ 43.480-US$ 47.259 for 3.5-3.9 US$ 43.480-US$ 47.259 for 3.5-3.9 US$ 43.480-US$ 47.259 for 3.5-3.9 US$ 43.480-US$ 47.259 for 3.5-3.9 US$ 43.480-US$ 47.259 for 3.5-3.9 US Bereik Downloading as a data storage device
Salarissen voor Real Estate Agent in regio Phoenix, Verenigde Staten
|Salarissen voor een Real Estate Agent bij Keller Williams – 7 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 86.958 / jr|
|Salarissen voor een Real Estate Agent bij HomeSmart International – 3 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 72.830 / jr|
|Salarissen voor een Real Estate Agent bij West USA Realty – 3 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 37.395 / jr|
|Salarissen voor een Real Estate Agent bij Keller Williams – 2 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 3.863 / mnd|
|Salarissen voor een Real Estate Agent bij Keller Williams – 2 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 41.332 / jr|
|Salarissen voor een Real Estate Agent bij HomeSmart International – 2 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 77.696 / jr|
|Salarissen voor een Real Estate Agent bij Realty Executives – 2 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 47.505 / jr|
|Salarissen voor een Real Estate Agent bij My Home Group (AZ) – 2 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 78.470 / jr|
|Salarissen voor een Real Estate Agent bij Amazon – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 81.659 / jr|
|Salarissen voor een Real Estate Agent bij Google – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 102.155 / jr|
|Salarissen voor een Real Estate Agent bij Boeing – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 97.363 / jr|
|Salarissen voor een Real Estate Agent bij T-Mobile – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 13 / uur|
|Salarissen voor een Real Estate Agent bij Red Robin – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 35.765 / jr|
|Salarissen voor een Real Estate Agent bij REI – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 13 / uur|
|Salarissen voor een Real Estate Agent bij Home Instead – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 11 / uur|
|Salarissen voor een Real Estate Agent bij Starwood HotelsResorts – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 12 / uur|
|Salarissen voor een Real Estate Agent bij Redfin – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 100.000 / jr|
|Salarissen voor een Real Estate Agent bij Coldwell Banker – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 50.972 / jr|
|Salarissen voor een Real Estate Agent bij Big 5 Sporting Goods – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 13 / uur|
|Salarissen voor een Real Estate Agent bij American Express Global Business Travel – 1 salarissen gemeld||regio Phoenix, Verenigde Staten||US$ 45.541 / jr|
Veelgestelde vragen over salarissen voor eenReal Estate Agent
The average salary for a Real Estate Agent in the city of Phoenix, United States, is US$ 63.814 per year, according to Payscale. Payroll chats are based on a sample of 23 salariates who were anonymously submitted to Glassdoor by employees in the Phoenix, United States, with the occupation of Real Estate Agent as the primary function. A Real Estate Agent’s annual salary in the Phoenix, Arizona area is US$ 118.283, which is the highest in the United States. The lowest salary for a Real Estate Agent in the city of Phoenix, United States, is US$ 34.428 per year.
How To Become A Real Estate Agent In Arizona
It is possible to complete real estate school in as little as 14 days. The exam may be available immediately thereafter, and if the student finds an appropriate brokerage to work with immediately afterward, they may be able to obtain their license within three weeks! The reality is that many students will not be able to dedicate 8+ hours a day for several weeks at a time and will instead prefer to study in the evenings or on weekends instead. In most cases, these students will finish their full license procedure in around 6 weeks.
Occasionally, students prefer to finish their training over the course of six months, and this is totally appropriate.
One of the benefits of taking a self-paced online course is that you may work at your own speed.
What’s The Average Arizona Real Estate Commission In 2021?
This section contains information on how commission works, how to save on commission, the current Arizona housing market, the top low commission businesses, and methodology. We conducted a poll of local agents and discovered that the average real estate commission in Arizona is 5.30 percent, which is lower than the national average of 5.49 percent (see chart below). That means that in order to sell an average Arizona home valued $396,200, you’ll have to spend around $21,000 in real estate commissions.
Selling your home through a bargain real estate firm like as Clever might save you hundreds of dollars in commission.
On that same $396,200 property, you’d pay just $14,700 in interest, which is up to 30% less than the national average.» Sell with Clever and save thousands of dollars in commission by paying only one percent of the selling price in listing costs.
Listed here, you’ll find all you need to know about Arizona real estate commission costs, as well as some helpful hints on how to save even more money while selling your home.
How real estate agent commission works in Arizona
There are often two real estate agents engaged in the selling of a house:
- For a house sale, there are often two real estate agents involved:
When the sale is completed, both agents receive a commission based on a percentage of the total sales price. This payment is referred to as a real estate agent commission, and it is included in the sale price of your house when you sell it. According to our research, the typical commission split in Arizona is 49.1 percent for the listing agent and 50.9 percent for the buyer’s agent, with the listing agent receiving 49.1 percent of the commission and the buyer’s agent receiving 50.9 percent. What is the procedure for real estate commissions?
Who pays realtor fees in Arizona?
The commission payments for real estate agents in Arizona are deducted from the final selling proceeds, and this is true for both agents participating in a transaction. However, because this charge is included into the sales price, you could argue that the house buyer is indirectly subsidizing the commission by paying a higher price. » What you need to know: Who pays the commission to the realtor?
How to save on real estate commission in Arizona
The following are the most effective techniques to save on commission:
- Negotiating reduced prices with a standard real estate agent
- And Working with a real estate business that charges a minimal commission
Continue reading to find out how to negotiate reduced rates or how to discover low commission firms that will negotiate lower realtor fees on your behalf!.
Sellers Can Save Thousands With Clever!
Continue reading to find out how to negotiate reduced rates or how to discover low commission firms that will negotiate lower realtor fees on your behalf! –
Tips for negotiating realtor commission in Arizona
Selling a condo in downtown Phoenix, a Spanish colonial in Tucson, or a rental in Tempe should always be approached with the goal of obtaining a reduced sales commission. A reduced realtor commission in Arizona is dependent on two key factors: your financial status and the state of Arizona’s home market.
|Factor||You may have an easier time negotiating low rates if.|
- You’re in the process of selling a high-value house. It is your personal relationship with a realtor that you are concerned about. You can refer a realtor to your friends and family.
- Homes are selling at a brisk pace. There are just a handful houses for sale on the market right now. The value of a home is increasing
While your individual circumstances will undoubtedly differ, the Arizona real estate market conditions will have an impact on all property sellers in your region. In general, in a seller’s market — in which house sellers have greater bargaining power than purchasers — a listing agent’s work is simpler, and they may be more likely to decrease their fee rates to attract more clients. When there is a buyer’s market, the reverse is frequently true.» LEARN MORE:Discover our best strategies for obtaining lower commission costs.
- Months of inventoryi
- Sale to list pricei
- Home value trendsi
- Months of inventoryi
If every indicator indicates that Arizona is a seller’s market, you may be in an excellent position to bargain with your agent for a reduced commission rate. Depending on whether the market is balanced or skewed in favor of buyers, convincing your realtor to accept a lower commission may be more difficult.
The current state of the Arizona real estate market
|Months of inventory||There’s 0.7 months of housing inventory on the market||Seller’s market|
|Sale-to-list ratio||Homes are selling for 101.90% of their listing price||Seller’s market|
|Home values||Home values have risen 39.3% year over year||Seller’s market|
› DISCOVER: The typical commission rates in further Arizona cities by clicking on the following link: Phoenix
Find a top realtor in Arizona
Are you prepared to bargain with a real estate agent in your area?
We scoured the data and identified the most qualified Arizona real estate agents for you. » DISCOVER: The most qualified Arizona real estate agents by city.
Low commission real estate companies in Arizona
Negotiating a reduced cost with a skilled negotiator can be a difficult endeavor! In many circumstances, home sellers may save just as much (if not more!) by selling through a real estate company that charges a low commission. These are some of the most popular discount and flat-fee MLS services in Arizona, according to our research.
The top discount real estate companies in Arizona
Typically, discount real estate agencies provide full-service assistance in exchange for a lower commission % or a flat-rate fee. These agents, like conventional agents, are fully licensed and have completed all of the qualifications set out by the Arizona Real Estate Commission board of directors. The manner in which they produce such discounts will be determined by the company’s business model, with certain models entail greater risks and compromises than others.
$3,000, or one percent of the total
⭐ Avg. Customer Rating
4.9 out of 5 (1,289 reviews) Pros and ConsReviewsLocationsPros and ConsEditor’s Take Clever is a fast, simple, and completely free method to locate a highly rated local agent. Clever also pre-negotiates large savings on your behalf, unlike many comparable organizations, allowing you to save thousands of dollars without losing quality of service. Try Clever for free and you may save hundreds of dollars in commissions.
- Free, worldwide agent-matching service that collaborates with full-service local agents from traditional brokerages such as Keller Williams, Century 21, and RE/MAX to provide you the best deal possible. Provides you with several agent matches so that you may interview them, analyze their marketing plans, and pick the best match
- Low interest rates are pre-negotiated on your behalf
- You receive complete service for a flat $3,000 listing fee, or just 1 percent if the house sells for more than $350,000
- If you purchase a property via Clever, you might get a check for up to 0.5 percent of the purchase price.
- Your chosen real estate brokerage’s representative may not be able to match you with a buyer’s agent. A real estate agent may not be able to provide premium services such as drone photography or expert house staging.
Clever currently has a 4.9 out of 5 rating on Trustpilot, which is based on 1,289 reviews as of November 11, 2021. Here you may see reviews written by genuine Clever consumers. All 50 states and Washington, DC have pre-negotiated low commission rates with leading real estate brokers, and Clever has taken advantage of this.
One-fifth of one percent (min. fees vary)
⭐ Avg. Customer Rating
3.9 out of 5 (416 reviews) Pros and ConsReviewsLocationsPros and ConsEditor’s Take Redfin provides actual discounts as well as a well-established brand. Sellers, on the other hand, may be willing to make concessions on service – particularly in terms of agent expertise and availability. To find out more about Redfin, read the complete review.
- In addition, if you purchase and sell with Redfin, you’ll receive a 0.5 percent listing fee reduction
- Redfin also provides premium placement for its listings in its famous home search app
- In the event that choosing the correct agent is a key priority, you’ll have few alternatives because Redfin only has a small number of agents in each of its areas. Due to the fact that Redfin agents deal with a greater number of consumers at the same time as the average realtor, they may not be able to give as customized service.
The real estate brokerage Redfin has received a 3.9 out of 5 rating (416 reviews) on key review sites including Google and Yelp. Here’s where you can see reviews written by genuine Redfin customers. Redfin is offered in more than 80 areas across the United States (see all locations).
Amounts up to $3,000 are available.
⭐ Avg. Customer Rating
4.3 out of 5 (1,118 reviews) Pros and ConsReviewsLocationsPros and ConsEditor’s Take Despite the fact that Homie provides legitimate flat-fee discounts, it may give less customized service than a typical agency. Take a look at the complete Homie review.
- With a flat-fee pricing approach, you may save a lot of money on commission on higher-priced houses. The self-service listing method allows you to get your house on the market in a short period of time.
- There are no in-person services or support provided by Homie agents. Agents are responsible for up to ten times as many consumers at the same time, increasing the likelihood that you may have a negative encounter.
Across key review sites like Google and Yelp, Homie has received a 4.3 out of 5 star rating (1,118 reviews). Here you may read reviews written by genuine Homie consumers. There are several locations where Homie may be found: Arizona, Colorado, Idaho, Nevada, and Utah
2.5 percent (minimum of $9,000)
⭐ Avg. Customer Rating
4.7 out of 5 (956 reviews) Pros and ConsReviewsLocationsPros and ConsEditor’s Take The claim that REX would save you a lot of money is false.
His advertising exaggerates the considerable dangers associated with his pricing plan and marketing strategy. Furthermore, because of its hefty minimum costs, many vendors will not be able to save anything. Read the complete REX Real Estate review for more information.
- The technique taken by REX is extremely risky — but if the bet works off, you might save up to 50% on realtor costs. REX representatives provide in-person services and assistance in the same way that other full-service brokerages do.
- The 2.5 percent listing fee charged by REX does not represent a significant savings because many full-price agencies charge similar rates. Because REX does not advertise your house on the Multiple Listing Service, up to 90 percent of potential buyers may be unaware that it is for sale. Because this hazardous marketing method appears to be doomed, you may not be able to save any money on commission.
REX has received a 4.7 out of 5 star rating from 956 customers on key review sites such as Google and Zillow. Here you may see reviews written by actual REX customers. THERE ARE APPLICATIONS FOR REX IN THE FOLLOWING STATES AND CITIES: AZ. CA. CO. FL. GA. IL MD MA NV NJ NY NC OR PA TX VA WA DC What is it about discount real estate agents that allows them to charge reduced commissions? >> LEARN:
The top flat-fee MLS listing services in Arizona
Flat-fee MLS services are provided. List your house on your local Multiple Listing Service (MLS) for a minimal charge, often between $100 and $300. The trade-off is that you’ll be responsible for virtually every aspect of the home-selling process. In the event that you are a first-time home seller, or if you just don’t have the time to sell your property on your own, this may not be the best alternative for you.
sellers that are confident in the ability of their house to sell fast Pros:
- If you are positive that your house will sell within three months, you can negotiate a lower fee for a shorter listing. The lowest bundle includes a total of ten photographs. Many other businesses have only six employees
- To determine what your listing price should be, you may look at previous sales in your region for a modest charge to discover how much properties have sold for in your neighborhood.
- You must pay an additional fee to include open house dates in your MLS listing, a feature that is normally included in the price of the listing.
Sellers who desire a large number of a-la-carte alternatives Pros:
- There is a phone system in place at Congress Realty that directs all phone calls concerning your listing straight to you. If you’d like a better understanding of what properties in your neighborhood have recently sold for, you can receive a free Comparative Marketing Analysis.
- Congress Realty is significantly more expensive than competitors that provide identical MLS packages. If you wish to include more than four photographs in your listing, you must pay an additional $50.
The following is further information on flat-fee MLS services:
In the United States, Arizona is one of the top ten fastest-growing states, and it’s not hard to understand why. The Grand Canyon State has a lot to offer in terms of livability, housing stock that is relatively recent, and a thriving employment sector, among other things. Additionally, Arizona is home to one of the nation’s hottest real estate markets, and the state’s explosive population growth (a 12 percent increase since 2010, according to the 2020 U.S. Census) combined with a limited housing inventory has most experts predicting an ongoing real estate boom in Arizona.
To keep up with demand, one agent estimated that Phoenix would need to build an additional 25,000 houses merely to keep up with demand.
Selling in a seller’s market provides sellers with significant bargaining power in order to obtain a reduced sales commission rate.
Contact Clever immediately to discover out how much money it may save you on commissions and other expenses!
Next Steps: Talk to an expert!
If you’re considering your choices for purchasing or selling a home, Clever can assist you! Our fully-licensed concierge staff is available to answer questions and give free, impartial advise on how to get the best possible outcome in your sale or purchase. Contact us now. Are you prepared to begin? Call us at 1-833-2-CLEVER or fill out the form below to get started. Our concierge staff will contact you as soon as possible to assist you. Remember, this service is completely free, and you are under no obligation to utilize it.
Based on a survey of 915 of our partner agents, we were able to determine the average commission rates for both buyer’s and seller’s agents in their respective markets.
In addition, we used the following data from Zillow and Realtor.com to create our model:
- Based on Zillowdata as of November 2021, home values, list prices, and selling prices were calculated. Based on Redfin statistics as of April 2021 (unless otherwise noted)
- Selling prices and sale-to-list ratios are approximate. Months of inventory are calculated based on data from Realtor.com as of October 2021.
Additional Resources for Arizona Home Sellers
Despite the general improvement in the economy in recent years, one sector that has remained slow is the homebuying market. According to the National Association of Realtors, existing house sales in December fell 6.4 percent from the previous month, making it the worst month for existing home sales in at least three years. Because fewer properties are being sold, the persons who are most immediately impacted are real estate sales agents, whose wages are connected to the number of homes sold. According to salary.com, the average yearly wages for real estate sales agents were $41,289 as of January 2019.
The Bureau of Labor Statistics’ occupational data has been used to research and construct a list of the average income of a real estate sales agent in each state throughout the United States for 2019.
10 States Where Real Estate Agents Earn The Most Money
According to the Bureau of Labor Statistics, the national average yearly pay for a debt collector is $59,630. The following is a breakdown of the top ten states in which real estate brokers make the most money:
|Rank||State||2017 Mean Annual Wage|
In terms of geographic location, the states that pay real estate brokers the most on average are situated in the Northeast, the West, and the South, with three states, five states, and two states in each Census-designated zone, respectively, according to the Census Bureau.
10 States Where Real Estate Agents Earn The Least Money
Listed below is a summary of the top ten states where real estate brokers make the least money:
|Rank||State||2017 Mean Annual Wage|
This list is dominated by states from the South and Midwest, with only one state from the Northeast making an appearance.
How Much Real Estate Agents Make In Each State
In just one year, real estate sales professionals in seven states had revenue gains of more than 10%, according to the National Association of Realtors.
- Arkansas average yearly income for real estate agents has increased by 21.8 percent, while the average annual income for real estate agents in Utah has increased by 17.5 percent. The average yearly salary of a real estate agent in Pennsylvania has increased by 14.5 percent. The average yearly salary of a real estate agent in Kentucky has increased by 14 percent. The average yearly salary of a real estate agent in Mississippi has increased by 13.8 percent. The average yearly salary of a real estate agent in Texas has increased by 13.1 percent. The average yearly salary of a real estate agent in Oregon has increased by 10.9 percent.
The following table lists the average annual income of real estate sales agents in each of the 50 states.
|State||2017 Mean Annual Wage||2016 Mean Annual Wage||2015 Mean Annual Wage||1-Year Change||2-Year Change|
Real estate agent wages increased by more than 20% in seven states over the period of two years, according to a recent study. These were the states involved:
- The average yearly salary of a real estate agent in Rhode Island has increased by 52.1 percent. The average yearly salary of a real estate agent in Maine has increased by 37.3 percent. The average yearly salary of a real estate agent in Oregon has increased by 32 percent. The average yearly salary of a real estate agent in Mississippi has increased by 31.4 percent. The average yearly salary of a real estate agent in Louisiana has increased by 29.9 percent. The average yearly income of a real estate agent in Utah has increased by 24 percent. The average yearly salary of a real estate agent in Kentucky has increased by 20.8 percent.
What You Can Get in Every State for the Price of a Home in California is a popular topic right now.
Commercial Real Estate Agent Salary in Phoenix, AZ
According to the Phoenix Business Journal, the typical Commercial Real Estate Agent in Arizona earns $183,844, which is 3 percent less than the national average Commercial Real Estate Agent pay of $188,670. In comparison, the combined average incomes of the other metro areas of Dallas, Texas, Boston, and Chicago are 15 percent lower.
Salary Ranges for Commercial Real Estate Agents inPhoenix,AZUS
Phoenix Commercial Real Estate Agents make an average pay of $175,327, with a range of $57,595 to $449,963 per year.
The median salary for Commercial Real Estate Agents in Phoenix is $175,327. In the commercial real estate industry, the middle 57 percent earns between $175,405 and $262,875, with the top 86 percent earning $449,963.
How much tax will you have to pay as a Commercial Real Estate Agent in Phoenix, AZ
Individual filers in this tax bracket would pay an anticipated average federal tax of 32 percent in 2018, with an additional 4.54 percent Arizona state tax to pay on top of that. Taking into account the total taxes, Commercial Real Estate Agents might anticipate to earn $136,053 per year in take-home pay, with each paycheck equaling around $5,669 *.* in the case of bi-monthly pay periods. Using 2018 federal and state tax tables, taxes for a single filer are projected based on marginal tax rates.
This information is meant to be used as a guideline rather than as prescriptive financial or tax advice.
Recent Salary Records for Commercial Real Estate Agent
See the most recent Salary Records that have been anonymously submitted to Comparably.
- Commercial real estate agents in Atlanta reported making $225,000 per year a year earlier, according to the Atlanta Journal-Constitution. In Los Angeles, a CaucasianFemaleCommercial Real Estate Agent reported earning $50,000 per year in a company with 51-200 employees in the Commercial Real Estate industry. Los Angeles, California
- 2 years ago $50,000
- 51-200 employees
Quality of Life for Commercial Real Estate Agent
In Phoenix, AZ, a Commercial Real Estate Agent with a take-home income of around $11,338/month would pay 9.28 percent of their monthly take-home earnings toward rent, based on the typical 2BR apartment rental price of $1,052/mo**. For an individual in Phoenix, the average monthly income spent on cost of living expenses other than rent is $804, while the average monthly income spent for a family of four is $2,953***. Thus, the total cost of living is 16.37 percent of an individual’s salary as a Commercial Real Estate Agent in Phoenix, resulting in a $9,482 in discretionary income; however, the total cost of living is 35.33 percent of a family’s salary as a Commercial Real Estate Agent in Phoenix, resulting in a $7,332 in discretionary income as a Commercial Real Estate Agent in Phoenix.
The Cost of Living Index from Numbeo was used to calculate the average cost of living.
Real Estate Agent Salary
According to the National Association of REALTORS®, the median gross income for real estate agents in 2019 was $41,800. The amount of money a real estate agent makes in a given year varies widely. However, the income of a real estate agent is determined by a variety of criteria, including the number of years of experience, the number of hours worked, market circumstances, specialities, and other considerations. Courses are available for purchase. Outside of market circumstances, the following are the top four elements that influence the amount of money that real estate brokers make: 1.
A significant wage disparity exists between part-time and full-time agents as a result, with full-time agents earning far more than part-time agents.
For the most part, if you want to earn more money, you should concentrate your efforts mostly on urban or suburban areas, where the average cost of a property is greater. Here is a list of some of the cities with the highest average real estate agent salaries:
|New York||New York-Long Island||$93,343|
3. Specialization or a specialized market Agents in the real estate industry frequently specialize in different aspects of the industry, similar to how doctors and nurses specialize in specific areas of medicine. Because commercial and luxury residential properties often sell for greater prices than other sorts of properties, and hence generate more commissions, agents who specialize in these types of properties typically earn more than their counterparts, regardless of state. Agents’ Annual Income Depending on Their Niche 4.
Agents that have at least one year of experience under their belts often make more than $20,000 per year on average.
It is possible to get a more accurate idea of the sort of income you might earn as a real estate agent by taking these elements into consideration.
Take a look at our highly rated and state-accredited programs.
Do you want to see how your city or state stacks up against the rest of the nation?
|Arkansas||Little Rock-North Little Rock-Conway||$90,670|
|California||Los Angeles-Long Beach-Anaheim||$91,205|
|New York||New York-Long Island||$93,343|
|Utah||Salt Lake City||$87,987|
|Washington, D.C.||District of Columbia||$85,281|
The information in this table was compiled from several sources, includingIndeed.com and other wage comparison websites. In no way does the information about typical salary serve as a guarantee of how much money you will make as a real estate agent in that particular location. As a real estate agent, we recommend that you perform more research in order to obtain a more nuanced estimate of the amount of money you may anticipate to make depending on your job experience, talents, and educational level.