Occupational Employment Statistics

DETAILED OCCUPATION DATA

41-9022 Real Estate Sales Agents

Occupational Description:
Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.

Occupational Employment Statistics(OES) Wage Data
First Quarter 2024

Geography	Employment	Emp SE*	Percentiles
Geography	Employment	Emp SE*	Mean	10th	25th	Median	75th	90th
Southeast Minnesota	90	10	$29.88/hr	$17.67/hr	$18.21/hr	$23.04/hr	$39.25/hr	$44.21/hr

Leading Industries for Real Estate Sales Agents

Industry	OES Employment (Statewide)	OES Median Wage (Statewide)
Construction	N/A	N/A
Trade, Transportation and Utilities	N/A	N/A
Financial Activities	1,700	$21.80/hr
Professional and Business Services	N/A	N/A
Education and Health Services	N/A	N/A
Leisure and Hospitality	N/A	N/A
Public Administration	N/A	N/A

Other Regional Data for Real Estate Sales Agents

Geography	Employment	Median Wage	Projections % Change 2022-2032
Rochester MN MSA	N/A	$19.78/hr	N/A
St Cloud MN MSA	N/A	$18.73/hr	N/A
Northwest Balance of State	N/A	$26.60/hr	N/A
Southwest Balance of State	20	$30.16/hr	N/A
Grand Forks ND-MN MSA	30	$28.28/hr	N/A
Northeast Balance of State	30	$27.90/hr	N/A
Northeast Minnesota	50	$23.47/hr	-2.9%
Duluth MN-WI MSA	50	$23.54/hr	N/A
Mankato-North Mankato MN MSA	50	$19.12/hr	N/A
Southeast Balance of State	60	$28.12/hr	N/A
Northwest Minnesota	80	$24.74/hr	2.2%
Southwest Minnesota	80	$21.82/hr	-1.1%
Central Minnesota	90	$19.31/hr	-0.9%
Southeast Minnesota	90	$23.04/hr	-3.8%
La Crosse WI-MN MSA	90	$25.59/hr	N/A
Fargo ND-MN MSA	110	$28.81/hr	N/A
Seven County Mpls-St Paul, MN	1,420	$21.90/hr	4.2%
Minneapolis-St Paul-Bloomington MN-WI MSA	1,540	$21.99/hr	N/A
Minnesota	1,890	$21.90/hr	1.8%

Related Occupations

Occupations	Employment	Median Wage	Projections % Change 2022-2032
Real Estate Brokers	810	$30.97/hr	1.8%
Property, Real Estate, and Community Association Managers	5,140	$30.71/hr	4.0%
Advertising Sales Agents	1,850	$30.23/hr	-7.9%

Task for Real Estate Sales Agents

Appraise properties to determine loan values.
Compare a property with similar properties that have recently sold to determine its competitive market price.
Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.
Advise clients on market conditions, prices, mortgages, legal requirements, and related matters.
Coordinate appointments to show homes to prospective buyers.
Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.