Georgia offers numerous opportunities for those interested in making a living through real estate, such as becoming either a licensed agent or broker. Before you decide to become a real estate agent, it’s smart to know the real estate agent salary in Georgia that you can expect to earn.
When selecting a career path, take into account your skills, interests, and the local market. Look for places that are growing and have a high demand for real estate agents.
How Much do Real Estate Agents Make in Georgia?
Georgia real estate agent salaries can range significantly. This is because commission rates in the state aren’t fixed, meaning they could fluctuate based on local market conditions and what kind of home a client is buying or selling.
Real estate agents typically spend much of their time negotiating contracts and fees for clients, which can be an exhausting and complicated process.
However, real estate agents in Georgia can benefit from steady income while developing a successful real estate career. Furthermore, many agents enjoy flexible work hours and the freedom to take time off as needed.
What is the Average Real Estate Agent Salary in Georgia?
Georgia real estate agent salaries typically range from $36,000 to over $100,000 annually, depending on experience and specialization. However, the industry is highly competitive; many agents earn more than this amount annually.
The average real estate agent salary in Georgia according to Indeed.com is more than $98K. However, ZipRecruiter.com puts the average at about $70K and Salary.com puts the median salary at about $43K.
Real estate agents typically work on commission, which means they receive a percentage of the overall purchase price for homes sold. This percentage varies based on local home prices but may differ between brokers.
Earning a living as a real estate agent is an excellent way to make money and assist others with buying or selling their home. There are numerous specialties and niches within this field, each requiring specific licensing and certifications.
Highest paying cities for Real Estate Agents in Georgia
There are many cities in Georgia that pay above the average salary for a real estate agent. The top cities for real estate agents in Georgia include:
- Holly Springs -$109K per year
- Social Circle – $104K per year
- Marietta – $102K per year
- McDonough – $101K per year
- Atlanta – $94K per year
- Peachtree City – $92K per year
- Augusta – $92K per year
- Savannah – $91K per year
- Columbus – $91K per year
All of these cities offer real estate agents the best opportunity to earn a larger salary each year.
Average Fees for Real Estate Agents in Georgia
Georgia’s average fee for real estate agents is 5.76% of the sales price, slightly higher than the national average of 5.37%. Although this amount may seem high, it’s still affordable enough to justify hiring an agent to assist in selling your home.
Real estate agents typically split their commission with their broker at most brokerages; typically this split is 50/50.
However, some experienced agents offer much lower rates or flat fees. They may be willing to list your home at 1.5%, which could save you thousands in commission costs.
How to Make More Money as a Real Estate Agent
If you’re a real estate agent seeking to make more money, there are several avenues you can take. Utilize your skills and expertise by working in various fields or becoming an expert within your niche.
Working as a referral agent is another great way to generate extra income. When you refer a client to another agent, you’ll receive a commission payment.
Gain Industry Experience
Experience is invaluable in any career, but it’s especially advantageous in real estate. Knowing more about the industry can lead to more lucrative deals, help you locate and retain clients, and make navigating the market much simpler.
One way to gain industry experience is by joining a professional group of real estate agents, such as your local chapter of the National Association of Realtors. These associations offer an excellent platform for networking with other agents and discovering new opportunities while receiving invaluable advice on launching your career.
Another way to gain industry experience is by attending seminars, conferences or advanced real estate training. These gatherings give you the chance to network with experienced real estate professionals and connect with potential clients.
Dedicate More Time to Your Profession
Finding the balance between work life and personal life as a real estate agent can be tricky. While it may seem impossible, there are tools to help you craft an organized schedule that’s both healthy and satisfying for yourself and your clients. One way to achieve this is by getting out of the office more often and engaging with customers face-to-face rather than sending emails or texts. Most importantly, know who your customer wants from their agent; what qualities they value most in one?
Find a Lucrative and Profitable Location
Choosing to work as a real estate agent in Georgia, in one of the highest-paying cities listed above can help you earn more than just an average salary. This is one of the easiest ways to earn more money as a real estate agent.
Pick the Right Niche
If you want to increase your earnings as a real estate agent, selecting the appropriate niche for your business is essential. Doing this allows you to target specific audiences and establish yourself as an authority in the field.
You can become a luxury real estate agent, work with historic properties, or cater to first-time home buyers. There are many niches to choose from as a real estate agent.
While understanding the average real estate agent salary in Georgia is helpful, it’s not the end all be all. You can earn more than the average amount if you work hard and choose the right niche.
