Real Estate Sales Agents in New Mexico
Thinking about a career as a Real Estate Sales Agents in New Mexico? Here’s what you need to know. 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.
What do Real Estate Sales Agents Make in New Mexico?
The real estate sales agents working in New Mexico, wages run about $79,790 per year (or about $38.36/hour).Annual wages span from $36,080 at the 10th percentile to $155,370 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $36,080 | $17.35 |
| 25th percentile | $60,390 | $29.04 |
| Median (50th) | $79,790 | $38.36 |
| 75th percentile | $112,190 | $53.94 |
| 90th percentile | $155,370 | $74.70 |
Location quotient — how concentrated this career is in New Mexico compared to the national average — is 0.76, meaning fewer real estate sales agents per worker than the national average.
National Wage Comparison
Nationally, real estate sales agents earn a median of $44,773 per year ($21.53/hour), higher than the New Mexico median.
Employment Outlook
Nationally, total employment in this occupation is 932,193 real estate sales agents nationwide. In New Mexico alone, approximately 810 people work in this role. That’s below the typical state, which employs around 1,780 real estate sales agents.
Top New Mexico Metros for Real Estate Sales Agents
The metro areas below employ the most real estate sales agents in New Mexico.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Albuquerque, NM | 400 | $62,370 |
| Las Cruces, NM | 50 | $44,610 |
| Farmington, NM | 30 | $82,220 |
Top States for Real Estate Sales Agents Employment
The table below shows the states where the most real estate sales agents work.
| State | Number Employed |
|---|---|
| Florida | 24,440 |
| California | 22,370 |
| Texas | 21,270 |
| North Carolina | 10,140 |
| New York | 10,040 |
| Arizona | 8,240 |
| Georgia | 5,750 |
| Washington | 5,470 |
| Pennsylvania | 5,250 |
| Utah | 5,110 |
| Virginia | 4,950 |
| Wisconsin | 4,250 |
| Ohio | 4,230 |
| Illinois | 4,220 |
| South Carolina | 3,900 |
| Oklahoma | 3,370 |
| Indiana | 2,860 |
| Tennessee | 2,650 |
| Maryland | 2,530 |
| Nevada | 2,480 |
Highest-Paying States for Real Estate Sales Agents
Where real estate sales agents earn the most: real estate sales agents.
| State | Annual Median Salary |
|---|---|
| New York | $97,440 |
| Alaska | $85,800 |
| Massachusetts | $85,170 |
| Vermont | $82,630 |
| New Mexico | $79,790 |
| Washington | $76,980 |
| New Jersey | $66,680 |
| California | $62,420 |
| North Dakota | $61,830 |
| Virginia | $61,790 |
Skills
Key real estate sales agents skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
The abilities that matter most for real estate sales agents, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, real estate sales agents typically:
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.
- Present purchase offers to sellers for consideration.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Interview clients to determine what kinds of properties they are seeking.
- Contact previous clients for prospecting of referral business.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings, to remain knowledgeable about real estate markets.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
Work Activities
- Resolving Conflicts and Negotiating with Others
- Working with Computers
- Establishing and Maintaining Interpersonal Relationships
- Making Decisions and Solving Problems
- Communicating with People Outside the Organization
- Selling or Influencing Others
- Getting Information
- Organizing, Planning, and Prioritizing Work
- Updating and Using Relevant Knowledge
- Performing for or Working Directly with the Public
- Scheduling Work and Activities
- Thinking Creatively
Tools & Technology
Software and systems commonly involved: Hot technologies: Adobe Acrobat, Canva In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Real Estate
- Real Estate Development
Featured schools near , edit
Related Careers
Careers similar to real estate sales agents include:
- Property, Real Estate, and Community Association Managers
- Wholesale and Retail Buyers, Except Farm Products
- Purchasing Agents, Except Wholesale, Retail, and Farm Products
- Appraisers of Personal and Business Property
- Appraisers and Assessors of Real Estate
- Financial and Investment Analysts
Also Known As
Agricultural Real Estate Agent, Apartment Leasing Agent, Apartment Leasing Consultant, Apartment Rental Agent, Building Consultant, Buyers' Agent, Closing Agent, Closing Coordinator, Contracts Specialist, Home Sales Consultant, Industrial Real Estate Agent, Land Agent, Land Sales Agent, Leasing Agent, Leasing Associate.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 41-9022.00
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