DETAILED OCCUPATION DATA

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
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minnesota	2,540	305	$22.63/hr	$1.18/hr	$10.85/hr	$13.44/hr	$19.37/hr	$29.44/hr	$37.19/hr
U S	162,330	2,922	$30.44/hr	$0.43/hr	$12.22/hr	$16.49/hr	$24.01/hr	$36.95/hr	$54.84/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Real Estate Sales Agents Industry OES Employment OES Median Wage Financial Activities 2,170 $19.09/hr Construction 220 $15.66/hr Professional and Business Services 60 $26.37/hr Public Administration 50 $37.19/hr Trade, Transportation and Utilities 10 $34.86/hr

Other Regional Data For Real Estate Sales Agents Geography (click title for details) OES Projections Employment Median Wage % Change 2023 - 2025 Minnesota 2,540 $19.37/hr 1.3% Minneapolis-St Paul-Bloomington MN-WI MSA 2,160 $19.06/hr N/A Seven County Mpls-St Paul, MN 2,110 $19.04/hr N/A Central Minnesota 180 $14.37/hr N/A Northwest Minnesota 150 $23.65/hr N/A Fargo ND-MN MSA 140 $26.24/hr N/A Northwest Balance of State 120 $24.02/hr N/A St Cloud MN MSA 80 N/A N/A Southwest Minnesota 80 $18.15/hr N/A Southeast Minnesota 80 $24.78/hr N/A La Crosse WI-MN MSA 70 $22.44/hr N/A Rochester MN MSA 60 $27.53/hr N/A Northeast Minnesota 30 $30.28/hr N/A Duluth MN-WI MSA 30 $29.89/hr N/A Southeast Balance of State 20 $22.60/hr N/A Mankato-North Mankato MN MSA N/A N/A N/A Northeast Balance of State N/A N/A N/A Grand Forks ND-MN MSA N/A N/A N/A Southwest Balance of State N/A $22.11/hr N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change 2023 - 2025
Driver/Sales Workers	11,020	$12.20/hr	2.9%
Insurance Sales Agents	8,090	$29.13/hr	1.6%
Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products	5,830	$35.24/hr	0.8%
Advertising Sales Agents	2,500	$22.82/hr	-1.8%

• Displays and explains features of property to client and discusses conditions of sale or terms of lease.
• Prepares real estate contracts, such as closing statements, deeds, leases, and mortgages, and negotiates loans on property.
• Oversees signing of real estate documents, disburses funds, and coordinates closing activities.
• Locates and appraises undeveloped areas for building sites, based on evaluation of area market conditions.
• Collects rental deposit.
• Conducts seminars and training sessions for sales agents to improve sales techniques.
• Contacts utility companies for service hookup to client's property.
• Secures construction financing with own firm or mortgage company.
• Inspects condition of premises and arranges for or notifies owner of necessary maintenance.
• Reviews trade journals and relevant literature and attends staff and association meetings to remain knowledgeable about real estate market.
• Searches public records to ascertain that client has clear title to property.
• Investigates client's financial and credit status to determine eligibility for financing.
• Plans and organizes sales promotion programs and materials, including newspaper advertisements and real estate promotional booklets.
• Appraises client's unimproved property to determine loan value.
• Reviews plans and recommends to client construction features, and enumerates options on new home sales.
• Solicits and compiles listings of available rental property.
• Answers client's questions regarding work under construction, financing, maintenance, repairs, and appraisals.
• Interviews prospective tenants and records information to ascertain needs and qualifications.