Sales agents who specialize in real estate and insurance must arrange for title searches to verify ownership of the property in question. These agents act as a liaison between buyers and sellers, a job which requires strong organizational and communicative skills and the ability to pay close attention to detail. The salary for a title insurance agent depends on his experience level and the type of property he deals with.
The average salary for a title insurance agent in the U.S. was $52,490 as of May 2010, reports the Bureau of Labor Statistics. Salaries ranged from less than $20,460 to over $95,220 on the salary scale, with agents earning a median salary of $40,030 a year.
Type of Property and Employer
Title insurance agents working with buyers and sellers in the industry of residential building construction earned an average salary of $58,230 as of 2010, while those working in land subdivision earned a similar average at $58,000 a year. Agents working in the offices of real estate agents and brokers earned an average income of $53,880, while those working for the lessors of real estate or in activities related to real estate earned averages of $46,480 and $50,620, respectively. The federal executive branch also employed title insurance agents for an average of $74,480 a year.
Florida had both the highest level of jobs and the highest concentration of positions for title insurance agents as of 2010, offering an average salary of $40,540 a year, according to the bureau. The bureau names the District of Columbia as the nation’s top paying state for title insurance agents with a salary average of $84,070. New York, Illinois, North Carolina and Vermont also ranked among the highest paying states for this occupation with salary averages ranging from $67,770 to $75,180 a year.
The bureau reports that with experience, agents who close a higher number of transactions earn a higher income, and in some cases may advance to positions such as sales or general manager. Agents seeking higher wages can look to industries like wired telecommunications carriers and agencies, brokerages and other insurance related activities where the salary averages were $84,600 and $89,590, as of 2010.
2016 Salary Information for Real Estate Brokers and Sales Agents
Real estate brokers and sales agents earned a median annual salary of $46,810 in 2016, according to the U.S. Bureau of Labor Statistics. On the low end, real estate brokers and sales agents earned a 25th percentile salary of $30,850, meaning 75 percent earned more than this amount. The 75th percentile salary is $76,200, meaning 25 percent earn more. In 2016, 444,100 people were employed in the U.S. as real estate brokers and sales agents.
- SW Productions/Brand X Pictures/Getty Images