Real Estate Sales Executive Salary in Kansas

Annual Median: $44,990
Hourly Median: $21.63

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Real Estate Sales Executive undefined, Kansas Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$25,440$12.23
25th$39,660$19.07
Median$44,990$21.63
75th$100,220$48.18
90th$137,940$66.32

Best Schools to become a Real Estate Sales Executive in Kansas 2024

University of Kansas

Lawrence, KS

In-State Tuition:$10,092
Out-of-State Tuition:$26,960
Admission Rate:88%
Graduation Rate:67%
Total Enrollment:26,708

Kansas State University

Manhattan, KS

In-State Tuition:$9,489
Out-of-State Tuition:$25,560
Admission Rate:95%
Graduation Rate:69%
Total Enrollment:19,722

Wichita State University

Wichita, KS

In-State Tuition:$6,848
Out-of-State Tuition:$16,208
Admission Rate:95%
Graduation Rate:52%
Total Enrollment:16,216

Fort Hays State University

Hays, KS

In-State Tuition:$4,140
Out-of-State Tuition:$14,580
Admission Rate:88%
Graduation Rate:51%
Total Enrollment:12,949

Baker University

Baldwin City, KS

In-State Tuition:$31,620
Out-of-State Tuition:$31,620
Admission Rate:92%
Graduation Rate:48%
Total Enrollment:2,105

Pittsburg State University

Pittsburg, KS

In-State Tuition:$5,836
Out-of-State Tuition:$17,180
Admission Rate:86%
Graduation Rate:56%
Total Enrollment:5,858

Real Estate Sales Executive Salary in Kansas FAQs

  • What qualifications are necessary to become a Real Estate Sales Executive in Kansas?
    To pursue a career as a Real Estate Sales Executive in Kansas, you must obtain a real estate salesperson license. This involves completing a state-approved pre-licensing education course, passing the Kansas real estate exam, and meeting age and residency requirements. Additionally, while not mandatory, higher education in business or marketing can enhance your skills and employment prospects.

  • How does experience impact salary for Real Estate Sales Executives in Kansas?
    Experience plays a significant role in determining your earning potential. Generally, entry-level positions may offer lower salaries, while those with several years in the field, a solid client base, and successful sales records often command higher compensation. Experience can lead to advanced roles, better commissions, and opportunities to work in lucrative markets.

  • Are there any certifications that can help improve salary prospects?
    While not always required, obtaining certifications such as Certified Residential Specialist (CRS) or Accredited Buyer’s Representative (ABR) can enhance your credentials. These certifications demonstrate specialized knowledge and can make you more appealing to clients, potentially leading to higher commissions and salary.

  • What factors influence the salary of a Real Estate Sales Executive in Kansas?
    Several factors can impact your salary, including:

    • Geographic area: Urban markets often have higher demand and prices than rural areas.
    • Type of properties sold: Luxury or commercial properties may yield higher commissions.
    • Market conditions: Economic factors can influence the housing market, which in turn affects sales opportunities.
    • Networking and reputation: Building relationships and a strong reputation can lead to referrals and repeat business, contributing to increased earnings.
  • Is there a set salary structure for Real Estate Sales Executives in Kansas?
    Real Estate Sales Executives typically work on a commission basis, meaning their income is based on sales performance rather than a fixed salary. Some agencies may offer a base salary plus commissions, while others may focus solely on commission structures. This flexibility allows for the potential of high earnings, depending on individual effort and market dynamics.

  • What benefits might be available to Real Estate Sales Executives in Kansas?
    While many Real Estate Sales Executives work as independent contractors, some positions may offer benefits such as health insurance, retirement plans, and professional development opportunities. Benefits can vary significantly by agency and employment structure, so it's essential to inquire about these when considering job offers.

  • How often do Real Estate Sales Executives in Kansas receive salary increases?
    Salary increases in real estate can vary. Unlike traditional jobs with regular reviews, earning potential is closely tied to sales performance. Successful agents who consistently exceed sales goals may see increases in their commission rates or bonuses. Annual reviews can also occur depending on the brokerage's policies.

  • What are the common challenges that can affect earnings for Real Estate Sales Executives?
    Earnings can be impacted by various challenges, including:

    • Market fluctuations: Economic downturns can lead to decreased sales.
    • Competition: A saturated market may make it difficult to achieve sales.
    • Client dependency: Building a client base takes time, and initial years may yield lower income.
    • Regulatory changes: Changes in laws and regulations can affect how real estate is marketed and sold.
  • Do Real Estate Sales Executives in Kansas typically have flexible work hours?
    Yes, many Real Estate Sales Executives enjoy flexible work hours. The role often allows you to set your own schedule to accommodate client meetings, property showings, and personal commitments. However, it also requires dedication, as you may need to work evenings and weekends to meet client needs and maximize opportunities.

  • How does the commission structure work for Real Estate Sales Executives?
    The commission structure typically involves a percentage of the property's sale price, which is split between the seller’s and buyer’s agents. The commission can vary based on the property type, market conditions, and agreements made with the brokerage, impacting your overall earnings. It’s important to understand how commissions are calculated to better anticipate potential income.