How much do real estate administrative assistants make as income? Here is everything you must know about the salary scale of real estate administrative assistants. In order to have an idea of the amount a real estate administrative assistant is expected to make, you should clearly define the service offerings of a real estate administrative assistant. A real estate administrative assistant duties revolve around managing and distributing information within an office.
This generally includes posting property listings, filing documents, assisting with property closings, answering phones, taking memos and maintaining files. Administrative assistants may also be in charge of sending and receiving correspondence, as well as greeting clients and customers. Please note that unlicensed assistants cannot independently draft legal documents such as listing or sales contracts, and they cannot offer opinions, advice or interpretations of these documents.
There are different ways a real estate administrative assistant can make money which is why the National Association of Realtors highlights salary, commission and salary plus bonuses as the three most common forms of compensation. Commission agreements stipulate that assistants earn a portion of every deal that’s closed; however, this is only an option for licensed assistants.
With that in mind, we can estimate what a real estate administrative assistant is expected to make. It is important to point that there is no one-mold-fits-all when it comes to how much a real estate administrative assistant is expected to make. There are some factors that we are going to look into before giving an estimate of how much an average real estate administrative assistant can make and these factors are;
Factors That Determine How Much A Real Estate Administrative Assistant Can Make
Table of Content
The Capacity of the Real Estate Administrative Assistant
One cannot conveniently state the amount a real estate administrative assistant is expected to make if you do not know the capacity of the assistant. As a matter of fact, you cannot equate the amount a real estate administrative assistant that is just starting out with an experienced real estate administrative assistant who has decades of experience in the industry.
The Location the Real Estate Administrative Assistant is Working From
We must not rule out the fact that location is a major factor that will determine the amount he or she is expected to earn from the company. The truth is that you will struggle to make good money as a real estate administrative assistant if you work in some cities in the United States.
The Type of Services Offered/Job Description
One cannot conveniently state the amount a real estate administrative assistant is expected to make without clearly defining the type of services he or she is expected to offer. This is because aside from the basic job description of a real estate administrative assistant, the employer may decide to add other job responsibilities. In essence, if the work load is beyond normal, the real estate administrative assistant would earn more and if the work load is less, he or she will earn less.
Number of Years in The Industry
In business, the number of years you are in the industry will go a long way to determine the amount you will make especially if you are creative and always proffer uncommon solutions. This is so because over the years, you would have been able to gain the trust of your employer and customers and it will be easier for you to always carry out your duties with excellence
The annual salary of a real estate administrative assistant ranges between $30,000 to $40,000, their monthly salary ranges between $2,500 to $3,333 and their weekly salary ranges between $577 to $769.
Having said that, according to the National Association of Realtors’ 2012 survey, 38 percent of real estate practitioners paid their assistants hourly rates, whereas 20 percent paid a salary. The same survey indicates that 13 percent of assistants earned commission cuts and 12 percent were compensated according to the task.