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Common Ground News

How much do real estate agents make in Long Island?

Author

Christopher Snyder

Updated on March 08, 2026

How much do real estate agents make in Long Island?

4. Years of experience
StateLocationAvg. Salary
New YorkNew York-Long Island$93,343
New YorkStatewide$86,872
OklahomaOklahoma City$85,459
OklahomaStatewide$72,246

Similarly, it is asked, how do I become a real estate agent on Long Island?

The five steps to becoming a New York real estate agent are as follows:

  1. Step 1: Be at Least 18 Years of Age.
  2. Step 2: Register and Complete the 75 Hours of Required Education.
  3. Step 3: Find a Sponsoring Broker.
  4. Step 4: Schedule and Take the New York Real Estate Salesperson Licensing Exam.

Also Know, how much does a real estate agent make their first year? McKissock did a survey in 2018 and found that the average first-year real estate agent earns approximately $15,000. This goes up to $38,141 between years one and three.

Secondly, how much money can you make as a realtor?

According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000.

How much does a real estate agent make monthly?

The lowest-paid 10 percent of real estate agents earned $1,725 or less per month, while the highest-paid 10 percent made $7,961 or more a month. The median-earning half of brokers made between $2,997 and $8,279 per month.

Why do realtors quit?

The number one reason people quit real estate is because they expect to see immediate results. People expect a solid month of hard work to result in a good deal and a lot of money, and when it doesn't, they are quick to decide real estate must not be for them.

How long does it take to become a real estate agent in New York?

Most complete the requirements within four months. There are a number of steps to complete which include education, application, exam, fingerprints, background investigation, and sponsorship by an actively licensed New York real estate broker.

Which is the best online real estate school?

The 6 Best Online Real Estate Schools of 2021
  • Real Estate Express: Best Overall.
  • Kaplan: Runner-Up, Best Overall.
  • 360 Training: Best Value.
  • Center for Realtor Development: Best for Brokers.
  • Mbition: Best for Test Prep.
  • The CE Shop: Best for Continuing Education.

Is real estate job good?

Real Estate Agents Make a Good Income

Grow your real estate business by adding an assistant or get the appropriate license that lets you build your own brokerage. The growth potential is huge. Cons: At first, your cash-flow direction will be out. Most new real estate agents need a nest egg to begin their careers.

How much do top real estate agents make in NYC?

Real estate agents earn an average yearly salary of $116,460. Wages typically start from $41,570 and go up to $326,267.

Can you take real estate classes online in NY?

You can take our online courses from your home or office, 24 hours a day - 7 days a week. The mission of The New York Real Estate Institute is to create a higher standard of real estate learning.

How much is a real estate license in NY?

Click here to get instructions on how to search the database. Real estate courses are available as well as classroom courses. The nonrefundable license application fee is $150 for a real estate broker, and the license will be effective for two years. The salesperson real estate license is $50.00.

How do you get your real estate license in NY?

5 Steps Toward Getting Your New York Salesperson License
  1. Complete 75 hours of approved Pre-Licensing education.
  2. Pass the course final exam.
  3. Pass the New York real estate salesperson examination.
  4. Select a sponsoring broker.
  5. Complete the real estate license application.

How can I get rich in real estate?

10 Ways To Make Money In Real Estate And Get Rich
  1. Making Money in Real Estate Through Rental Properties.
  2. Interest-Based Income Through Investing in Mortgage Notes.
  3. Getting Rich By Flipping Real Estate.
  4. Making Money Through Real Estate Investment Trusts.
  5. Making Money Through Real Estate ETFs and Mutual Funds.

Can you make money your first year in real estate?

So much comes into play to determine your real estate income. As many tenured agents can attest, the first year in real estate can be grueling. And while some agents make big money very early, many don't.

Do Realtors make good money?

Real estate agents are worth it for most sellers.

Yes there are a few who earn $500,000 a year, just as there are salespeople in other fields that earn that sort of money. and phone costs. Successful people earn good money, unsuccessful people do not.

How much do Realtors make hourly?

Hourly Wage for Real Estate Sales Agent Salary
PercentileHourly Pay RateLocation
25th Percentile Real Estate Sales Agent Salary$20US
50th Percentile Real Estate Sales Agent Salary$21US
75th Percentile Real Estate Sales Agent Salary$26US
90th Percentile Real Estate Sales Agent Salary$31US

How do I become a luxury realtor?

7 Tips to Break Into The High-End Market
  1. Study Higher-End Agents. Look at what these agents are doing now.
  2. Become An Expert.
  3. Know the Community.
  4. Dress and Act the Part.
  5. Market Appropriately.
  6. Network Appropriately.
  7. Have the Right Mindset.

What job makes the most money?

Here are the top 25 best-paying jobs of 2020, according to U.S. News & World Report.
  • Lawyer.
  • Sales manager.
  • Business operations manager.
  • Pharmacist.
  • Financial advisor.
  • Optometrist. Mean salary: $119,980 per year.
  • Actuary. Mean salary: $116,250 per year.
  • Political scientist. Mean salary: $115,300 per year.

Where do real estate agents make the most money?

10 States Where Real Estate Agents Earn The Most Money
RankState2017 Mean Annual Wage
1New York$102,310
2Texas$72,480
3Hawaii$72,470
4Alaska$71,030

What does a realtor make off selling a house?

Commissions are negotiable between listing agents and their clients. Some brokerages offer commission discounts for sellers, but a typical commission is 6% of the sales price. So how much does a real estate agent make? It depends on the closing price of the home.

How many houses do I need to sell to make 100k?

How many houses does an agent have to sell to make $100,000 a year? If you are selling $100,000 houses and paying 40 percent of your commission to your broker you would have to sell over 50 houses a year to gross $100,000 a year.

How do you survive your first year in real estate?

Here are 10 ways to survive (and thrive) during your first year in real estate:
  1. Expect long hours.
  2. Market.
  3. Set goals.
  4. Go into the office.
  5. Have a back-up plan.
  6. Find a support system.
  7. Build a network.
  8. Become a local expert.

How hard is Realtor school?

Real estate school is quite challenging. Many states require 90+ hours of in-classroom or online learning followed by a timed exam with 120 questions or more. To become a real estate agent, you will need to complete some amount of real estate school, and then pass a standardized licensing exam.

Do real estate agents travel a lot?

Key Takeaways. Real estate agents are tasked with helping people to buy, sell and rent land and properties. Often, this means spending time at the real estate office (or a home office), meeting with clients, staging or showing homes and traveling.

Do Realtors make a base salary?

Although many real estate agents rely heavily on commissions, some agencies offer a base salary as well. Redfin agents, for example, are paid on salary and given bonuses, rather than commissions, but some smaller, more regional agencies may pay both a base salary and commission.

Do Realtors get paid?

Realtors get paid on a commission basis, usually 5 to 6 percent of a home's sales price, which is split between the listing broker and buyer's agent. Fees typically come out of the sellers' proceeds while buyers generally pay nothing to the agent who represents them.

Is real estate agent a good side job?

Real estate agent

Speaking of real estate agents, while it's a day job for many, it can be a great side gig, especially since agents can do much of their work in the evening or on weekends. However, that investment could turn into a lucrative side hustle.

Can you see how many houses a realtor has sold?

The easiest way to find out how many homes a realtor has sold is to ask! When interviewing realtors for your prospective home sale, ask if you can see their closed MLS listings from past transactions. Even more useful information to you is how many homes similar to yours has the realtor sold.

Is getting a real estate license worth it?

Getting licensed takes both time and money – not something every new investor has. If you can use your real estate license for deals, networking or to save or earn more money, it is worth the investment. Of course, you can always work with licensed people, but sometimes having your own avoids a lot of hassle.

Do Realtors get paid if house doesn't sell?

It's important to read the entire contract to know your rights and the contract terms. Still, even if your contract doesn't require you to pay a commission on a home you're no longer selling, your broker—your friend—is now not going to make thousands of dollars on the sale.