This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Estate agents earn one of the lowest basic salaries of all sales professions, research from estate agent Nested finds.
Nested analysed the base salary (excluding commission) of 12 of the most common sales professions and found that the average basic take-home pay is £26,338. However, estate agents earn a base salary of just £24,817, 6% less than the average.
Just insurance, retail and telesales see a lower level of guaranteed pay, it says. Insurance sales agents earn an average of £24,372, while retail sales executives earn just £23,415. At £21,323, telesales representatives earn the lowest basic salary of all sales professions.
Looking at the sales professions with the highest potential earnings, pharmaceutical sales representatives sit at the top of the table. On average, the guaranteed income of a pharmaceutical rep is £35,228, – 42% higher than the average estate agent.
Advertising sales reps (£30,638) and car sales execs (£30,312) also pocket a guaranteed annual income of more than £30,000.
Alice Bullard, Head of Commercial at Nested, comments: “Sales roles are generally commission-based and while the earning potential can be high, basic salaries are fairly low, particularly if you’re an estate agent.
“When you couple this with the fact that estate agents only pocket a small slice of the fee charged to home sellers, it’s fair to say they are probably underpaid given the vital role they play in such a momentous stage in people’s lives.
“Of course, the perceived security that comes via employment is enough for some, but it’s no wonder that so many are adopting the self-employed business model in order to significantly boost their income potential.
“While letting go of a guaranteed income may have been a traditionally scary prospect, platforms such as Nested now provide the support and resources needed to make the jump, for those that have what it takes to succeed in sales.”
Estimated average annual salary (base salary excluding commission)
Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources.
When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.
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