Estate agents have enjoyed an average 5.2 per cent increase in salary over the past year but their total income is eclipsed by some other groups within the residential sector.
New figures released by specialist recruitment service Deverell Smith shows that the average basic salary for agents is a very modest £23,848 - actually the lowest of 18 job groups analysed within the residential jobs market.
However, agents' average bonus was £58,643 - the highest of any residential job group with the exception of property investment specialists.
Here is Deverell Smith's full list:
Architect/Designer - salary £46,062, bonus £7,000, unchanged on last year
Auctioneer - salary £37,559, bonus £12,238, unchanged
Building Surveyor - salary £35,666, bonus £9,000, unchanged
Business Development - salary £45,380, bonus £16,050, up 9.9% on last year
Estate Agency - salary £23,848, bonus £58,643, up 5.2%
Estate Management - salary £45,763, bonus £9,607, up 6.6%
Facilities Management - salary £38,185, bonus £9,500, up 2.3%
Investment - salary £49,103, bonus £60,833, up 5.3%
Land and Development Agency - salary £55,888, bonus £71,600, up 3.3%
Marketing - salary £41,068, bonus £7,100, up 2.4%
New Homes Sales and Marketing - salary £29,654, bonus £46,424, up 4.2%
Project Management - salary £50,818, bonus £13,833, up 3.13%
Property Management - salary £38,830, bonus £8,409, up 2.6%
Quantity Surveying - salary £37,560, bonus £8,588, up 3.29%
Residential Development - salary £67,013, bonus £40,250, up 5.25%
Retirement Housing - salary £33,075, bonus £5,600, unchanged
Social Housing - salary £31,595, bonus £4,896, up 1.6%
Valuation - salary £37,450, bonus £8,650, up 1.2%
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Comments
There are some seriously superb estate agents, going far beyond the call of duty to help the sellers sell. Supported by a dynamic conveyancer to help achieve prompt exchanges of contracts, is a win win for everyone, and certainly reduces lost commission chances through aborted deals instead of using slow mediocre conveyancers. Align as a Team:http://www.trethowans.com/cms/document/PCSG_Newsletter___Spring_2014_Final___Compressed.pdf Final article - we cannot spread the word far enough.
Maybe this will start to shatter the myth of estate agents being overpaid charlatans. As you can see, the basic salary for estate agents isn't anything to write home about, and other areas of the property industry offer far more lucrative rewards. So maybe, you know, we're not all just in it for the money.