How much does a new real estate agent make in Tennessee?
According to Indeed, the average base salary for a Tennessee real estate agent is $78,940. To earn the average salary, a listing agent would need to sell roughly eight properties at the current median price each year. There are several factors that affect how much an individual real estate agent will earn.
Why is Nashville real estate so expensive?
This has multiplied the demand for housing. High demand and low inventory are causing home prices in Nashville to rise at a rapid pace. Nashville home prices are rising due to low-interest rates, low inventory, and changing demographics in larger cities. This is a fantastic trend for sellers in For Greater Nashville.
What is the salary for real estate agents?
The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.
How do you become a realtor in Tennessee?
How Do I Get My Tennessee Real Estate License?
- Step 1: Be at Least 18 Years of Age. …
- Step 2: Complete the Tennessee 60-Hour Real Estate Principles Course. …
- Step 3: Register and Take the Tennessee Affiliate Broker Licensing Exam. …
- Step 4: Complete the Tennessee 30-Hour Course for New Affiliates. …
- Step 5: Apply for Your License.
How much does a real estate license cost?
Estimated cost: $325+
Your real estate license application fee will generally cost around $25. You will also have to pay for fingerprinting and a background check. These will cost about $100 altogether. The actual state exam fee will vary, but it is generally less than $50.
What do top real estate agents earn?
For example, while the national average annual wage for real estate agents is just over $60,000, in the top-earning state for real estate agents, the average salary is $111,800, which is close to double the national average.
How much do you need to make to live comfortably in Nashville TN?
NASHVILLE, Tenn. –A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.
Why are people moving to Nashville?
He stated, “The city is growing, the economy is almost recession-proof (healthcare, government and higher education are three of our biggest employers), the music and creative vibe makes Nashville cool for young people, the weather is great — you an go on and on.” And he’s not wrong.
Is Nashville overpriced?
The study ranked Nashville at No. 23 on a list of the top 75 major U.S. cities that pay the highest cost of living. That ranking showed that in 2019 it is more expensive to live in Nashville than Dallas, Baltimore and Atlanta. … On average, it costs a single person $291.13 each month in groceries and dining out.