How much do realtors make in Oklahoma?

Question:

How much do realtors make in Oklahoma?

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Answer:

According to Salary.com, real estate sales agents (or realtors) in the state of Oklahoma earn an average annual salary of $40,551 per year, with a typical salary range between $39,615 and $51,580 per year. Realtors are usually paid solely in commission, which is a small percentage of the final sale of homes or property. Therefore, realtors can earn more money by selling more property. According to Clever Real Estate, the average real estate commission rate in Oklahoma is 5.89%, which is 0.39% higher than the 5.50% national average real estate commission rate. For example, a home that sells for $200,000 in Oklahoma would produce approximately $11,780 in commission fees. However, the commission earned on every transaction is usually split between two realtors (the listing agent and the buyer's real estate agent). On average, in the state of Oklahoma approximately 49.8% of the commission goes to the listing agent, while the buyer's real estate agent receives 50.2% of the commission. Individuals interested in a career as a realtor are required to complete a professional certification program to become a real estate agent. The next step is to become a member in the National Association of Realtors (NAR), which allows real estate agents to use the prestigious title of realtor.

To learn more about how to become a realtor, please check out this informative article How to Become a Realtor: Education and Career Roadmap

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