Real estate agent

Selling Portland: How much does it cost to become a real estate agent?



VShefs had his moment in the reality TV spotlight. Models too. But from our perspective, the 2020s are very clearly the decade of the real estate agent. They’re all over your favorite streaming platforms: bickering in Tampa, stealing houses from each other in Los Angeles, vying to be the biggest big dog in New York. The cameras haven’t come for the Portland players yet, so we did a deep dive for them, to get the facts on what real estate life in the Pink City is really like. You’re welcome, Hollywood.

$114,960:

Portland’s Average Real Estate Broker Net Salary (A Broker is allowed to start his own business and hire other agents to work for him.)

$57,720:

Average Annual Net Salary of Portland Realtors

9,000+:

Estimated number of real estate agents in the metropolitan area

5.1%:

Average commission rate for a home sale in Oregon (this is lower than the national average of 5.5%).

7:

Average time, in months, taken to obtain a real estate license

$2,286.25:

Minimum cost to become a realtor in Oregon, including Portland Realtors Association dues, fees to take state and national licensing exams, application fees, and listing homes through the website Multiple Listing Services.

$536,921:

Median home sale price in 2021 in the Portland metro area (That’s a 33% increase from the median price in 2016, which was $356,700.)


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