Real Estate Office Manager Salary

Back to Real Estate Office Manager Job Description

Determining Salary Factor

The salary range for a Real Estate Office Manager can vary significantly, with differences of up to $22,000. This suggests that there are potential opportunities for growth and higher compensation based on factors such as skill level, location, and years of experience.

What are the duties of a real estate office manager?

Real Estate Office Managers have a variety of responsibilities, including overseeing sales, addressing tenant concerns, working with repair and service companies, conducting inspections, meeting prospective clients, and managing databases.

These samples provide examples of the skills and experience needed for this role.

Salary Growth

The salary range for a Real Estate Office Manager can vary greatly, with differences of up to $22,000. This implies that there are potentially numerous opportunities for career growth and higher earnings, influenced by factors such as skill level, geographical location, and years of experience.

Can a real estate agent be an office manager?

Real estate agents can potentially take on the role of an office manager for a branch, provided that it adheres to the laws and regulations of their state.

Before assuming the legality of such a role, it is essential to confirm its permissibility according to the specific laws in your state. This can be done by consulting the relevant authorities or legal resources.

How can I increase my pay as a real estate manager?

There are various ways to increase your pay as a Real Estate Manager. One option is to consider a change of employer and move to a company that is willing to offer a higher salary for your skills and experience. Another possibility is to continue your education and obtain advanced degrees, which can enhance your income potential and make you eligible for promotions.

How much does a real estate manager make?

The average annual pay for a Real Estate Manager in the United States is estimated to be $155,531, according to our proprietary Total Pay Estimate model. This estimate is based on salaries reported by our users and represents the median midpoint.

The average salary for a Real Estate Manager is approximately $99,796 per year. This figure is also based on data collected from our users and reflects the median midpoint of the salary range.

Please note that these numbers are specific to the Real Estate Manager role and are accurate as of July 2023.

Salary Progression

The salary range for Real Estate Office Managers in the United States is typically between $36,035 and $48,986, with the average salary amounting to $42,334 as of May 27, 2021.

However, it is important to note that salaries can vary significantly based on various factors such as education, certifications, additional skills, and years of experience in the field.

According to ZipRecruiter, a majority of Real Estate Office Managers currently earn salaries ranging from $40,000 (25th percentile) to $60,000 (75th percentile), while top earners (90th percentile) can make up to $75,000 per year across the United States.

How do I increase my pay as a real estate general manager?

There are various ways to increase your pay as a Real Estate General Manager. One option is to explore opportunities with different employers who offer higher compensation for your skills. Another avenue is to pursue advanced degrees, which can enhance your income potential and open doors for promotions.

Entry-level vs Experienced

An entry level real estate office manager with 1-3 years of experience typically earns an average salary of $60,146.

On the other hand, a senior level real estate office manager with 8+ years of experience earns an average salary of $104,786.

How much do entry-level real estate agents make?

Entry-level real estate agents typically earn an annual salary of around $45,000, equivalent to approximately $18.00 per hour, depending on the number of hours worked each week.

One can strive for career advancement in the real estate industry by becoming a real estate broker, which can result in an annual income of $55,000.

Certification

Property management professionals who obtain certifications often possess better preparation for the challenges they encounter, potentially resulting in increased employment opportunities and greater salary progression. These certifications are commonly provided by professional organizations and licensed educational programs.

What certifications do you need to be a real estate manager?

One reputable organization that provides certification in the field of property management is the Institute of Real Estate Management. This organization offers a range of designations, including Certified Property Manager, Accredited Residential Manager, and Accredited Commercial Manager.

If you are interested in pursuing a property management certification, there are various programs available.

What is a Certified Property Manager course?

The Certified Property Manager course is designed to validate expertise in property management and is issued by the Institute of Real Estate Management. It is primarily targeted at senior-level professionals in the real estate industry, including agency partners, directors, and owners.

By obtaining this certification, individuals are able to demonstrate their proficiency in property management.

How much do real estate managers make?

An early career Real Estate Manager with 1-4 years of experience earns an average total compensation of $72,846 based on 77 salaries.

Real estate managers are tasked with efficiently managing real estate properties on behalf of their organization.