Gabbi knew that real estate was the right career from the start. She is now dual licensed in both Kentucky and Ohio. She had her first sale within a month of getting licensed and hit her first million in volume within her first 6 months.
How Much Does a Real Estate Agent Make in South Carolina?
A real estate agentโs salary is dependent on many different factors. For example, some factors include which city you live in and the corresponding population, the real estate education you received, any certifications you have, additional skills, and number of years you have worked as a professional. In this career, your hours are based on the schedule that you create for yourself. You do not have a set number of hours you have to work each week. An agent only gets paid if they make a sale.
According to the surveys presented by Indeed, the average salary for a real estate agent in South Carolina in 2022 was $92,419.
The average salary for an realtor with 1 to 2 years of experience is $81,534. The average salary for someone with more than 10 years of experience is $101,580.
๏ปฟLetโs break down the four topics that impact agentโs salary besides market conditions: hours worked, location, specialty, and years of experience.
Hours worked
When I think about the hours that I've worked as a real estate agent I come back to the word balance. There should be a consistent balance dividing up your day to day activities. This is because your schedule will be dictated by how busy you are with showings and presentations to new clients. My advice is to set boundaries with your clients and have a set portion of your day dedicated to appointments. Do all your administrative and business prospecting activities in the morning and set appointments for afternoons and weekends. This will keep you from missing those activities that really make a difference in your business. These hours are a crucial component contributing to your salary. Being a full-time agent might not be an option for everyone at first but it does directly correlates with agentโs salaries.
Location
Location has a major effect on the salary of an agent. If you want to earn more try going for urban areas that are highly populated and suburban areas with higher prices per home.
Specialty
Just like any other business the niche or specialty is going to decide what kind of real estate agent you are going to be. Some examples might be first time homebuyers, military, relocation services, luxury properties ect. Owning the category you chose is the key to success. Your goal is to become the market expert in that specialty or niche.
Years of experience
Real estate is a business where knowing people or being top of mind is very important. Creating a sphere of influence and connecting with that audience is crucial to creating business for yourself as an agent. This is going to become easier and grow with time and experience. Therefore, the first year in real estate is always the hardest but stick with it and trust the systems that you have set in place!
About the Author
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