Dallas Real Estate Agent Salary

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Real Estate

Do reality shows have you thinking about the lifestyles of the rich, and the famous when wanting to know how much a Dallas Real Estate Agent Salary is?

Well, we all know that reality tv isn't real...but they aren't that far off.  Real estate agents have the power to make as much money as depicted in shows like Bravo's hit show Million Dollar Listing.  However, those Realtors are some of the best in the industry.  It takes many years to hit that level of success.  It is doable tho.

I've been a real estate agent in Dallas for over 7 years now.  Within my first year I doubled my salary from my previous career in the skincare industry.  Now after 7 years I will have finally doubled my real estate agent salary...I might almost triple it this year if all things go as planned.  That is one of the best feelings in the world.  To know that I am in control of how much money I make. 

The average Dallas Real Estate Agent makes about $65,000 a year.  Which was great when I first started, but I was younger then.  I didn't have as many expenses, savings, or planning on starting a family.  I have to step it up.  Not just for the sake of making more money, but because Real Estate Agents are all commission based.  So, if I don't sell more homes each year then not only do I not increase my income, but I won't increase my sales volume.  Which reflects if I'm a top producing realtor in Dallas or not.  Also, it means that I won't be able to invest more money into my business.  You have to spend money to make money when you are a business owner.  

Most real estate agents are required to sell $3,000,000 in homes each year at their residential brokerage.  At Compass I am required to sell $5,000,000 in homes each year, but that is just the minimum in order to be in good standing.  Compass only hires the best real estate agents in the industry.  They set very high standards for each of their agents.  So, if I want to be competitive with my fellow colleagues I am going to have to sell well over $10,000,000 a year.  I will do it tho.  

Real Estate Agents in Dallas work in a hot real estate market.  One of the best real estate market in the country.  There is no reason why we shouldn't be making over $200,000 a year.  Many are just lazy tho or don't know how to scale their real estate business.  Not to mention that Dallas is a very flashy city.  More people are concerned with keeping up with the Joneses than doing what it takes to have a successful career in real estate. 

As a licensed real estate agent you have to spend a lot of what you earn on taxes, business expenses, marketing, education, and paying your brokerage.  It is not cheap.  So, an average Dallas Real Estate Agent Salary of $65,000 is more like $45,000 in take home pay, and a Dallas Real Estate Agent Salary of $200,000 is more like $145,000 when all is said and done.  

This can feel like a punch in the gut, but you are still making more that most careers in Dallas.  Not to mention that you are in control.  You set your salary.  You just have to be willing to put in the work.  Anyone including myself can be just like one of those real estate agents on Million Dollar Listing!  One day I will!

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