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Average base salary The average salary for a realtor is $99,511 per year in Phoenix, AZ. 280 salaries reported, updated at August 18, 2022.
What is the difference between a salesperson and a broker?
Real estate salespeople and brokers work to help clients buy or sell homes. However, their roles differ in the operation of a real estate business. The broker is the owner or managing agent of a brokerage, while a salesperson (also called an agent) is normally an independently contracted employee.
What is a realtors commission in Arizona?
The average realtor commission in Arizona is 5.43%, which equates to a typical realtor fee of $24,344 for home sellers in the state. 1. Knowing the standard commission rate in your area can help you avoid overpaying for a realtor and accurately estimate costs when you sell your home.
How much do AZ real estate agents make?
At these typical commission rates, each realtor involved in the sale of a $375,000 home would earn around $10,000. But remember: Realtor commissions aren't pure profit....Average Realtor Commissions by State. StateAvg. Realtor CommissionAvg. Total Commission on a $300,000 HomeAlaska*5.25%$15,750Arizona5.36%$16,08051 more rows • 22 Aug 2022
How much does the average realtor 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.
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What is the difference between an agent and a broker?
In real estate, an agent is an individual who is licensed to sell property in their state. A broker is someone who is licensed to own their own real estate firm. A real estate agent cannot work on their own, they must work under a licensed broker.
How hard is real estate exam in Arizona?
Is the Arizona real estate exam hard? Around 23% of Arizona students fail the test and have to retake it in order to pass. Upon follow up after the test, most do not consider the exam "easy." The best way to alleviate your nerves and pass the test is to work hard and prepare as much as possible.
How much does an Arizona Realtor make?
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.
Is the Arizona real estate exam hard?
Is the Arizona real estate exam hard? Around 23% of Arizona students fail the test and have to retake it in order to pass. Upon follow up after the test, most do not consider the exam "easy." The best way to alleviate your nerves and pass the test is to work hard and prepare as much as possible.
How do you get a brokers license in Arizona?
To get your Arizona license you must be 18 years of age and have 3 years of actual experience as a licensed real estate agent or broker within the past 5 years. You must complete 90 hours of education that consists of 2 classes. Each course is 45 hours.
Related links
Required File System | Arizona Department of Real Estate
The following are the file requirements to be maintained by a broker. Complete Files. SALES. Required Records. Copies of earnest money receipts ...
User Manual: 114-32. ... Short Title: Access to Arizona Real Estate Law Book on the World Wide Web; No. 2005.04. Short Title: Unlicensed Assistants; No.
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