According to the department of labor real estate agent’s median income in 2004 was $35,670. Competition I’m real estate is tough with over 1.18 million members of the National Association of Realtors. It is important for new real estate agents to know and understand the market and competition before entering. Entering the business without adequate financial resources is the most common reason for failure in the market. Motivation is a key component for the real estate business.