Real Estate Agent Salary in India in 2024
Last Updated :
17 Jan, 2024
Real estate is an industry that is always brimming with opportunities. It is one of the biggest industries in the country and real estate agents play an extremely important role in it. They help in facilitating the sale and purchase of property, both residential and commercial. The role of a real estate agent is quite versatile and requires one to have a wide range of skills. It is a popular job option among individuals who enjoy networking and have a talent for estimating the value of a property.
If you are someone who likes to talk to people and is interested in managing properties, this is the perfect job for you. The real estate agent salary in India also pays well, which makes it a good career option.
If you want to know more about real estate agent salaries, then scroll down!
Real Estate Agent Salary in India
The average salary of a real estate agent in India is Rs. 2.2 Lakhs Per Annum. While this may seem like a low salary, that is simply not the case. Real estate agents are crucial to the industry and its functioning. Their earnings go beyond the basics. The actual earnings of a real estate agent know no bounds because their main source of income is not their salary. In reality, their actual income depends on the commission they receive at the time of the sale of a property. This can range from a few thousand to more than a lakh in a single month!
With the real estate agent salary, the sky is the limit, granted you are good at what you do. It is crucial to know the tricks of trade and become an expert before you start earning big amounts. Real estate salary in India at its very base is also enough to have a decent living. However, the commission is the variable component, which is what makes this profession highly coveted!
Real Estate Agent Salary in India: Highlights
Refer to the table below to have all the information related to the real estate agent salary in India at a glance!
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Rs. 15,255 to Rs. 16,844 per month
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0-1 Years: Rs. 2.5 Lakhs Per Annum
4-5 Years: Rs. 3.6 Lakhs Per Annum
7-8 Years: Rs. 4.2 Lakhs Per Annum
10+ Years: Rs. 5.0 Rs. 2.2 Lakhs Per Annum
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Delhi – Rs. 30,000 per month on average
Mumbai – Rs. 20,000 per month on average
Chennai – Rs. 49,000 per month on average
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Real Estate Agent Salary Per Month
The real estate agent salary per month is in the range of Rs. 15,255 to Rs. 16,844 in India. It is important to note that this is the base salary that does not include the commissions on sale. However, since the commission is not always guaranteed and is variable, one should know the exact amount they will be taking home regardless of the sales they have made. The per month salary of a real estate agent is enough to make a decent living. Adding commissions to this, one can have a lucrative income and live a comfortable life.
With more experience in the field, the real estate agent salary per month increases significantly. Along with this, the commissions also increase accordingly. It is important for real estate agents to always focus on sales so they can take home a good amount home.
Real Estate Agent Salary in India: Experience-wise
The real estate industry is quite huge, and by employing the correct networking techniques, you can improve your earnings significantly. With experience, your salary will substantially improve as well. It is important to make good contacts with contractors and use your experience to sell properties at a profitable rate. Check out the real estate agent salary in India as per the experience level of an individual below.
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Rs. 1.9 Lakhs Per Annum
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Rs. 2.5 Lakhs Per Annum
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Rs. 2.6 Lakhs Per Annum
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Rs. 3.4 Lakhs Per Annum
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Rs. 3.6 Lakhs Per Annum
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Rs. 3.8 Lakhs Per Annum
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Rs. 4.0 Lakhs Per Annum
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Rs. 4.2 Lakhs Per Annum
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Rs. 4.5 Lakhs Per Annum
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Real Estate Agent Salary in India: Company-wise
There is no dearth of good companies offering opportunities to talented real estate agents. While the initial salary may be less, most of these companies offer a good percentage of commissions and other perks and benefits. Since the competition in this industry is very fierce, they also add other benefits to ensure they have the best agents working for them. This makes for a lucrative income. Check out the real estate agent salary in India according to the different companies in the table below.
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Rs. 2.8 Lakhs Per Annum
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Rs. 2.3 Lakhs Per Annum
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Rs. 2.0 Lakhs Per Annum
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Rs. 5.0 Lakhs Per Annum
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Rs. 4.8 Lakhs Per Annum
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Rs. 2.5 Lakhs Per Annum
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Rs. 2.5 Lakhs Per Annum
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Rs. 2.4 Lakhs Per Annum
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Rs. 2.0 Lakhs Per Annum
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Rs. 2.4 Lakhs Per Annum
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Real Estate Agent Salary in India: State-wise
The average commission that is received by a real estate agent can depend greatly on the location in which they are working. Below, we have provided the average commissions received per sale to give you a better idea of what is the actual income of a real estate agent in different states of India.
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Rs. 29,055
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Rs. 20,813
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Rs. 49,000
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Rs. 34,624
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Rs. 18,642
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Real Estate Agent in India: Job Role and Responsibilities
The work of a real estate agent requires them to juggle many responsibilities – from marketing to sales. They have to perform many job functions which all aspiring real estate agents should know. Check out the list below to understand what might lie ahead of you if you choose to become a real estate agent.
- You will be responsible for booking appointments and coordinating meetings.
- You will have to prepare budgets and develop effective marketing plans.
- You will be researching properties for sale and creating listings for them.
- You will be updating the customer database and adding new clients to it. You will also do the same with properties.
- You will be conducting a competitive analysis to ensure your property looks attractive on the market.
- You will be responsible for replying to emails, messages, and calls.
- You will have to undertake the responsibility of promotional and advertising materials.
Top Skills for Real Estate Agent in India
There are many skills a good real estate agent should possess to become successful. From technical knowledge to people skills, it is crucial to have a good mix of various skills. Below, we are mentioning the list of top skills all real estate agents should have.
- Should possess excellent communication skills
- Should have good listening skills
- Should be adept at solving the problems of clients
- Should have adequate knowledge of the industry
- Should also have a strong work ethic
- Should know how to work with integrity
- Should know how to network well
- Should possess excellent marketing skills
- Should know and understand various social cues
- Should possess patience
- Should have strong negotiation skills
- Should be well-versed in real estate laws
- Should be tech-savvy
- Should be able to manage your time well
- Should have the knowledge of the local area
- Should also have a basic understanding of architecture
Steps to Become a Real Estate Agent in India
The job of a real estate agent is definitely a lucrative one. It provides one with various opportunities to advance professionally and grow financially. If you also want to become one, the process is quite simple. The only step to become a real estate agent in India is to register with RERA which stands for the Real Estate (Regulation and Development Act) of 2016. You should note that in India, it is illegal to act as a real estate agent without obtaining a license from RERA.
The RERA license becomes active from the day of issue. However, it has an expiry date on it as well. All real estate agents must submit a request for re-issuance of the license before the expiry date. The renewal of license is important to make sure that you do not lose your right to operate as a real estate agent in India.
List of Documents Required to Become Real Estate Agent in India
Registering at RERA is compulsory to be a real estate agent. Without it, you can get in legal trouble for working as a real estate agent in India. Below, we are providing the list of documents required to obtain a license issues by RERA.
- RERA application form
- Copy of your PAN card
- Personal information and passport-size photographs of the agent
- Contact and other details of the office from where the agent will be operating
- Income Tax Returns for the last three years
- Information about business associations of the previous five years
- Information regarding any pending court cases against the agent, if any
- Registration details, if any
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Conclusion
Being a real estate agent is certainly a good job. The real estate agent salary in India is also very lucrative. While the basic salary may not be much, the high commissions certainly make up for it. However, it is not an easy job by any means; it requires one to possess many skills and perform a number of tasks. This job requires one to put in a substantial amount of effort. However, it is also highly rewarding, which definitely makes it a beneficial and coveted career option for many!
Real Estate Agent Salary in India- FAQs
Do real estate agents make good money in India?
In India, a real estate agent makes an average of ₹1,48,851 a month. In India, a real estate agent typically receives an additional ₹1,28,851 in compensation, with a range of ₹26,500 to ₹2,24,750.
What is the highest paid real estate agent salary?
Top Real Estate Agent positions can earn up to $137,000 annually. A real estate agent assists clients in purchasing or selling real estate. They can assist clients in buying homes by acting as a buyer’s agent or in selling homes by acting as a listing agent. Real estate agents typically deal with particular types of properties.
Is real estate a good career option in India?
The commissions and other fees that realtors and other real estate professionals receive make real estate seem like a high-earning playground. Professionals in real estate make a good living too. A marketing manager in India, for instance, makes about Rs 8–10 lakh on average.
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