What are the job responsibilities of a Real Estate Sales Agent? What does an individual in this position get paid in New Jersey?
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Get Your Report Now!Here is the position summary for Real Estate Sales Agent as found in BLR’s Salary Finder:
Rents, buys, or sells property for clients. Performs duties such as studying property listings, interviewing prospective clients, accompanying clients to property site, discussing conditions of sale, and drawing up real estate contracts. Include agents who represent buyer.
In New Jersey, the midpoint of salaries reported for the position (50th percentile) is $42,704. The 75th percentile (the rate below which 75% of salary data falls) is $65,448. The 25th percentile (the rate below which 25% of the data falls) is $28,559.
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How much should you pay a Real Estate Sales Agent?
Compensation.BLR.com, a leading provider of compensation data, scores this job as exempt (not entitled to overtime). According to Compensation.BLR.com's rate ranges, grade 31 has a minimum of $38,941. The midpoint is $46,362, and the maximum is $57,855.
How much should an employer be paying a Real Estate Sales Agent in New Jersey? It depends on many factors, but the most important are the experience and skills of the employee or applicant. Answer these questions: How much experience does he or she have? How highly skilled is he or she? Then, use the table below. Interpolate as necessary.
| Applicant's Skills and Experience |
|---|
| | Beginner | Competent | Expert |
|---|
| Salary Survey | | | |
| National | $27,370 | $40,100 | $63,510 |
| New Jersey | $28,559 | $42,704 | $65,448 |
| | | | |
| Rate Range (Grade 31) | | | |
National | $38,941 | $46,362 | $57,855 | | New Jersey | $45,436 | $54,095 | $67,505 |