How Much Do Real Estate Agents Make in South Carolina?

Real estate may be an attractive option if you are exploring a career change. Becoming a real estate agent is generally quicker than many other professions; individuals can often complete the necessary training and obtain their license within a few months and at a reasonable cost. Additionally, careers in real estate usually provide benefits such as flexible working hours and the potential for a competitive income.

According to Indeed, the average salary for a real estate agent in South Carolina is a little over $100k, similar to the national average. 

How Are Real Estate Agents Paid in South Carolina?

Typically, real estate agents don’t get a standard salary or hourly rate. Instead, for each transaction they work on, they earn a commission. The commission is a percentage of the home's sale price for which they either find a buyer or help sell. And, as you might’ve guessed, the amount of commission that an agent makes varies.

First, the commission is always negotiable, so a real estate agent's amount results from what the seller and the brokerage agree upon. And second, the commission in a South Carolina real estate sale is typically split several ways — meaning you won't get it all for yourself.

When a home is sold, commission checks are cut to each brokerage at closing: the one that represents the buyer and the one that represents the seller (they usually split the profits 50/50). Then, the brokerages each pay a cut to their agents based on pre-arranged fee splits.

Do Realtors Make More Than Agents?

A Realtor is a real estate professional who joins a local board of Realtors, such as the National Association of REALTORS® (aka NAR). So, getting a real estate license does not make someone a Realtor (also written as REALTOR®). That person would be called a real estate agent.

Given what we know about commissions (they’re always negotiable!), being a Realtor does not automatically mean earning a higher commission. However, it has many benefits, like networking opportunities and professional training that could earn more money.

Does Experience Level Lead to Higher Pay?

With all this information about commissions in mind, one thing that will impact your pay is experience! Agents just entering the field might receive a lower commission split (for example, a first-year agent often receives about 50 percent of the commission paid to the broker).

As you get more experience, you’ll likely be able to negotiate a higher percentage for yourself. 

What City You Work in Can Make a Difference

Your location is another factor in how much you’ll make as a real estate agent. Since your commission is a percentage of a property’s sales price, the housing market you’re working in will impact your income. Let’s compare salaries in some of the fastest-growing cities in South Carolina.

How Much Do Real Estate Agents Make in Myrtle Beach?

According to U.S. News, Myrtle Beach, SC, is the number one fastest-growing city in the United States! With this said, you can expect plenty of work as a real estate agent here. According to Indeed, real estate agents in this city make an average of about $90,874 a year.

How Much Do Real Estate Agents Make in Spartanburg?

Though Spartanburg, SC, attracts many young adults with its many higher education institutions, including the University of South Carolina Upstate, it’s also a growing city! You can expect to help families find homes here and join real estate agents who earn about $94,959 each year.

How Much Do Real Estate Agents Make in Charleston?

Finally, there’s historic Charleston. As the largest city in South Carolina, Charleston offers competition and challenges for real estate professionals. However, there are rewards for those who take the challenge, as real estate agents can expect to make about $102,336 a year here.

So there you have it! If you’re still interested in South Carolina real estate as a career path, your first step is getting your license. We’d love to help you start that journey with our South Carolina pre-licensing course.