RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
RISMedia
No Result
View All Result

New Report Reveals Keys to Maximizing Earning Potential in Real Estate

Home Agents
By the Experts at McKissock Learning
March 21, 2022
Reading Time: 4 mins read
New Report Reveals Keys to Maximizing Earning Potential in Real Estate

McKissock Learning is back with an all-new guide stuffed with the latest income statistics from licensed real estate professionals across the United States.

In November of 2021, we reached out to thousands of licensed real estate agents and brokers to better understand the tactics and strategies used to increase their earning potential. Having almost doubled the number of responses from last year at just under 9,000 participants, this year’s guide casts a more accurate picture of what real estate professionals are earning and the factors that influence those earnings.

While some insights remained the same (real estate agents still boast a higher career satisfaction rating compared to the average worker in the United States), there were others that were a bit more surprising. Here are some highlights from the guide.

Real estate income is on the rise

Despite an economic downturn due to the COVID-19 pandemic, 75% of real estate agents reported earning more in 2020 than they did in 2019 with an average income of $129,996 for full-time agents.

One of the great things about real estate is that oftentimes you get out what you put in. Whereas with salaried jobs you will earn a set amount each year, with real estate the income potential is unlimited.

Agents are happy with their brokerage

One of the biggest questions new or aspiring real estate agents have is how to choose a brokerage. And it’s an important decision to make since having a supportive brokerage when you’re a newly licensed real estate agent can oftentimes be critical to your success. Luckily, the vast majority of real estate agents are happy with their brokerage with 84% of agents reporting being satisfied with their brokerage and only 6% planning to switch brokerages in the next year or two.

It pays to specialize

Similar to last year’s results, this year’s results clearly show that specializing in a niche is key to earning more income. This year, the most profitable niche was eco-friendly properties with an average annual income of $263,180, followed by foreign investment and luxury homes.

Real estate agents are optimistic about the future

This year, 92% of survey participants reported feeling optimistic about their future in real estate, the highest of any previous year. Unsurprisingly, not many agents reported that they were planning on retiring anytime soon. In fact, only 12% of agents planned on retiring in the next five years.

The great thing about real estate is that you can reduce the number of hours you work per week to fit your lifestyle and income goals. While it’s true that reducing the number of hours worked per week typically equates to reduced income, you can still earn a sizeable living as a part-time or semi-retired agent.

McKissock Learning is the nation’s premier online real estate school, providing continuing education courses and professional development to hundreds of thousands of real estate agents across the country. As part of the Colibri Real Estate family of premier education brands, McKissock Learning, along with its sister schools Real Estate Express, Superior School of Real Estate, Allied Schools, The Institute for Luxury Home Marketing, Gold Coast Schools, The Rockwell Institute and Hondros Education Group, helps real estate professionals achieve sustainable success throughout each stage of their real estate career. Learn more at mckissock.com/real-estate.

Tags: ColibriMaximizing Earnings PotentialMcKissock Learning
ShareTweetShare

the Experts at McKissock Learning

Related Posts

Top-Producer Roundtable: Superstar Agents Discuss How They Win
Agents

Top-Producer Roundtable: Superstar Agents Discuss How They Win

May 18, 2022
Housing Starts Slowed in April
Agents

Housing Starts Slowed in April

May 18, 2022
Mortgage Applications Plummet Again
Agents

Mortgage Applications Plummet Again

May 18, 2022
Homebuyers May Find Less Competition Near City Centers for the First Time in Years
Agents

Homebuyers May Find Less Competition Near City Centers for the First Time in Years

May 18, 2022
United Real Estate’s Vice President of Marketing Named a Kansas City ‘40 Under Forty’
Agents

United Real Estate’s Vice President of Marketing Named a Kansas City ‘40 Under Forty’

May 18, 2022
RISMedia Honors New-Agent Success With Annual ‘Real Estate Rookie of the Year’ Award
Latest News

RISMedia Honors New-Agent Success With Annual ‘Real Estate Rookie of the Year’ Award

May 18, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Digital Privacy is a Growing Concern

According to a Pew Research study, half of Americans have decided against using a product solely due to privacy concerns.... Learn more.

Business Tip of the Day provided by
REGISTER NOW

Recent Posts

  • Top-Producer Roundtable: Superstar Agents Discuss How They Win
  • Housing Starts Slowed in April
  • Mortgage Applications Plummet Again

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kitt Email Whitelist Terms & Policies

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.