How much do estate agents earn around the world? (2024)

Over the last few years, UK estate agents have been working around the clock to help homesellers conclude their transactions to the best of their ability. During a very difficult period of pandemic, the property market experienced a boom that’s lasted to this day. This, along with rising buyer demand, has kept our country’s agents extremely busy.

However, our research reveals that UK estate agents only just break the top 10 when it comes to the best paid in the world. Furthermore, when it comes to comparing agent salaries with overall average earnings in their respective nations, our agents slip even further down the list.

Estate Agent salary by country

In the table below, we outline 21 major countries (including the UK) and the annual base salaries of their respective estate agents.

CountryAverage estate agent salary (£ per year)
United Arab Emirates£42,454
New Zealand£40,019
South Africa£15,528
Hong Kong£44,128
United Kingdom£39,257
United States£51,365
South Korea£24,350

Average estate agent salary in UK

It’s clear that estate agent wages vary massively from country to country. Our analysis reveals that the UK estate agent salary is £39,257 making them the ninth best paid in the world. In comparison, the best paid agents can be found in the United States (£51,365), Australia (£51,809), and Canada (£48,262).

On the other end of the scale, Turkey, India, and Argentina accommodate some of the least paid agents, who earn an average of £4,757, £6,177, and £7,701 respectively.

Estate agent salary compared to average salary

To get a picture of how agents rank in terms of value within their respective countries, we compared their average salaries to their country’s overall average earnings.

CountryAverage estate agent base salary per year (£)Average national base salary per year (£)Difference vs average base salary Difference vs average base salary (£)
United Arab Emirates£42,454£38,6319.9%£3,822
New Zealand£40,019£36,9848.2%£3,036
South Africa£15,528£14,4357.6%£1,093
Hong Kong£44,128£41,1327.3%£2,996
United Kingdom£39,257£37,2655.3%£1,992
United States£51,365£48,8455.2%£2,520
South Korea£24,350£30,417-19.9%-£6,067

Estate agent average salary vs average national salary

UK agents slide from ninth place to 13th, with their average salary being just 5.3%, or £1,992 above the national average income of £37,265. In Argentina however, estate agents earn 43.8% more than the average national income, closely followed by Brazil (18.8%), and then Russia (15.7%).

At the other end of the table, South Korean agents earn -19.9% less than the average national income, followed by China (-4.1%) and Russia (-2.5%).

How much do estate agents earn in london?

Estate agents in London tend to earn a bit more than the average agent working in the UK. An average UK agent can expect to earn a base salary of £37,265, whereas an estate agent operating in London could earn a larger salary of £50,263 - a result of higher living costs.

So, do UK estate agents make good money?

Clearly, UK agents aren’t the worst paid real estate workers in the world, but they are still a long way off from being the most. How much an estate agent makes varies from individual to individual, depending on their base salary and commission.

What commission do estate agents get?

The commission an estate agent earns depends upon the fees they charge homesellers.

Do estate agents get paid hourly?

Most UK estate agents earn a basic salary rather than being paid by the hour. Most also earn some form of commission.

So how much do estate agents charge?

On average, UK estate agents charge a percentage fee between 0.75% and 3% (including VAT) from the final sale price of properties they sell.

For example, if an agent successfully sells a property for £250,000, their agency will receive £3,750. How much of this goes to the individual agent that sold the property varies based on their contract, with some agencies awarding 10 - 20% of the final fee.

How to become an estate agent

Do you think you have what it takes to become an estate agent? There’s a lot of hard work involved, but the rewards are worth it. Not only do you need to be a dedicated and determined individual, but you need a passion for marketing, communication and negotiation.

If you’ve been following the exploits of the Oppenheim Group in Selling Sunset, you might have some idea of how agencies work. Alas, things work a little differently in the UK.

How to get into real estate in the UK

In the UK, there are currently no formal requirements to become an estate agent and you do not need a real estate licence. Some agencies provide new agents with training courses and programmes to help them get up to speed.

Many UK agents started their careers as apprentices and worked their way up agencies. Others began by completing sales courses and earning diplomas to boost their employability.

Many estate agents often choose to get a professional qualification to validate their training. The most commonly recognised qualifications come from Propertymark Qualifications, a UK specialist organisation which is associated with the National Association of Estate Agents professional body, NAEA Property Mark.

How it works in the US

In the US, things work a little differently. Real estate agents must:

Take a state-approved real estate pre-licensing programmePass a licensing exam.After passing the exam, agents can activate their licences and join a brokerage.

This can take as long as five to six months.

UK fans of the Netflix show Selling Sunset may have some preconceived notions of how much UK agents can earn. In the table below, we compare London agent’s fees to those in LA and other popular areas.

LocationAverage estate agent salary (£ per year)
Los Angeles£57,123

While London agents rank third behind Los Angeles and California, these US estate agents often earn much more thanks to their lucrative commission schemes and high value properties.

How much do estate agents earn around the world? (2024)


How much do top 10% real estate agents make? ›

Nationwide, real estate agent salaries range from an average of $28,270 for the bottom 10th percentile up to $102,170 in the top 10th percentile. Why is there such a huge gap in pay? How much you work is going to affect how much you earn, and location also makes a difference.

Who is the highest paid real estate agent in the world? ›

  • Top 10 Richest Real Estate Agents in the World. Real estate is a lucrative industry for some agents who have sales talent and skills. ...
  • Edward Roski Jr. Net Worth: $5.8 billion. ...
  • Sam Zell. Net Worth: $6 billion. ...
  • Jay Paul. Net worth: $4.4 billion. ...
  • Igor Olenicoff. Net Worth: $4.7 billion. ...
  • Leonard Stern. ...
  • Jeff Greene. ...
  • Neil Bluhm.
Feb 25, 2023

How much money does a real estate agent make in Australia? ›

The average real estate salary in Australia is $100,000 per year or $51.28 per hour. Entry-level positions start at $78,000 per year, while most experienced workers make up to $165,000 per year.

How much do real estate agents make in Europe? ›

8.306 € (EUR)/yr

An entry level real estate agent (1-3 years of experience) earns an average salary of 32.406 €. On the other end, a senior level real estate agent (8+ years of experience) earns an average salary of 70.017 €.

Can you be a millionaire as a real estate agent? ›

It can be done. In fact, it has been done. But it doesn't happen by luck or accident. This is the first in a series of articles detailing how you, as a newly licensed agent, could set yourself up to be successful enough to to make $1 million in your first year.

Who is the best realtor in America? ›

America's Top 100 Real Estate Agents®
  • Ben Caballero., Inc. ...
  • Brendan Bartic. The Bartic Group at Keller Williams Realty. ...
  • Danielle Lazier. Vivre Real Estate. ...
  • Gary Ashton. The Ashton Real Estate Group of RE/MAX Advantage. ...
  • Kevin Spina. The Keyes Company. ...
  • Stephen Cooley. Stephen Cooley Real Estate Group. ...
  • Veronica Figueroa.

How much do top 1 real estate agents make? ›

Real Estate Agent Salary in California
Annual SalaryMonthly Pay
Top Earners$126,817$10,568
75th Percentile$98,700$8,225
25th Percentile$59,200$4,933

What is the richest real estate job? ›

14 high-paying real estate jobs
  • Property accountant. ...
  • Real estate broker. ...
  • Realtor. ...
  • New home sales consultant. ...
  • Compliance specialist. ...
  • Real estate agent. ...
  • Real estate attorney. ...
  • Mortgage loan officer.

Where do realtors get paid the most? ›

The Average Real Estate Broker Salary in Each State (2024)
  • GlassDoor reports that the average annual salary of real estate broker-owners in the United States is $220,507. ...
  • According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona.
Feb 8, 2024

How much does a Real Estate Agent earn in Dubai? ›

How much does a real estate agent earn in Dubai? In the United Arab Emirates, a real estate agent typically makes 57,000 AED a year. Moreover, the real estate agent jobs at entry level begin at 42,756 AED annually. Senior real estate agents with experience can make up to 92,700 AED a year.

How much does a Real Estate Agent earn in Victoria? ›

The average annual salary for Real Estate Agent jobs in Melbourne ranges from $60,000 to $70,000.

How much do real estate agents make in Queensland? ›

What can I earn as a Real Estate Agent in Brisbane? The average annual salary for Real Estate Agent jobs in Brisbane ranges from $100,000 to $120,000.

How much are real estate agents paid in UK? ›

The average real estate agent salary in the United Kingdom is £45,000 per year or £23.08 per hour. Entry level positions start at £30,000 per year while most experienced workers make up to £100,000 per year.

How are realtors paid in England? ›

A seller lists a house for sale with an agent, and when the house sells the agent collects a commission. In the UK, almost all negotiators are paid a salary with small bonuses for completed sales and lettings (rentals). The salaries are generally low, as well as the bonuses.

What is a realtor salary UK? ›

Starting salaries for estate agents are in the region of £17,000 to £25,000 on-target earnings (OTE) for trainee posts. With experience, salaries can rise from £28,000 to £60,000, plus commission.

Which real estate career makes the most money? ›

7 highest paying jobs in real estate
  1. Real estate agent. Perhaps the most accessible and commonly known of all jobs in the property sector, real estate agents earn big from buying and selling property. ...
  2. Property investor. ...
  3. Real estate asset manager. ...
  4. Real estate lawyer. ...
  5. Property developer. ...
  6. Property appraiser. ...
  7. Real estate analyst.
Jul 31, 2023

Who is the number one Real Estate Agent in LA? ›

Top Real Estate Agents in Los Angeles, California
Rank – City SidesFull NameLocation
1Craig Michael StrongLos Angeles, CA
2Costanza Genoese-ZerbiLos Angeles, CA
3Ron WynnLos Angeles, CA
4Briana LorgeLos Angeles, CA
12 more rows

Who is the biggest real estate broker in LA? ›

With $18.1 billion across 9,310 closed sales, Compass far outpaced second-ranked Coldwell Banker Realty, which recorded $6.4 billion in transaction volume on 3,823 deals in the county. But Compass' dominant year was not without some setbacks.


Top Articles
Latest Posts
Article information

Author: Saturnina Altenwerth DVM

Last Updated:

Views: 5910

Rating: 4.3 / 5 (44 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Saturnina Altenwerth DVM

Birthday: 1992-08-21

Address: Apt. 237 662 Haag Mills, East Verenaport, MO 57071-5493

Phone: +331850833384

Job: District Real-Estate Architect

Hobby: Skateboarding, Taxidermy, Air sports, Painting, Knife making, Letterboxing, Inline skating

Introduction: My name is Saturnina Altenwerth DVM, I am a witty, perfect, combative, beautiful, determined, fancy, determined person who loves writing and wants to share my knowledge and understanding with you.