Becoming a real estate agent can be a very lucrative profession. Based on some statistics, the best realtors earn around $100,000 annually. On top of high earning, this job offers additional benefits, such as a relatively low barrier to entry, independence, a couple of office politics and a flexible schedule.
Just like with any business, your success will depend on the location and having all the skills and competencies might not be enough. You need to live in a proper environment that will offer you possibilities to become a successful real estate agent.
For instance, if you are working in a small town, then your changes are pretty limited. However, if you live in a big city, such as New York, then you have limitless possibilities. So, here are the best places for real estate agents.
Los Angeles-Long Beach-Anaheim
Number one city on our list is LA. Here relators can earn considerable commission per sale, considering the average price of a home in Los Angeles is pretty high. Also, the city has one of the most significant home inventories in the country.
Here the earnings are fast, and homes for sale don’t last long. The average time on the market is up to 64 days. A real estate agent can earn around $64,000 per year, and we aren’t talking about the best in this industry. This is a high income for a regular realtor.
Coming in at number two in our list, Boston is a great city to become a real estate agent. Same as LA, agents here earn high commissions per sale, considering the median sales prices for homes stands at $464,100. Based on the statistics, realtors who work in Boston annually earn around $67.000, which is an excellent value for their work.
On average, this city generates on average 12,741.80 homes for sale each month. This is an excellent opportunity for all real estate agents because this city ensures them to have a steady income.
The city by the Bay features some of the most expensive properties in the world. Considering this city is a technological hub where all major tech companies have their headquarters, it shouldn’t surprise us the mount real estate agents earn annually.
Properties in San Francisco have a median sales price of $900,000, and realtors can cash in around $96,000. Also, properties sell quickly. It will only take you 40 days to sell your real estate, which means real estate agents can earn considerable amounts of money working in this city. For that reason, it appears to be very favorable among them.