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Real Estate Broker Salary

The average pay for a Real Estate Broker is $51,025 per year. The highest paying skills associated with this job are Sales, Operations Management, and Sales Management.

$29,167 - $117,989
(Median)
$29K
$51K
$120K
MEDIAN: $51,024
10%
50%
90%

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$11.92 - $148.99
(Median)
$12
$19
$150
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$29,167 - $117,989  
   
Bonus
$0.00 - $30,959  
Profit Sharing
$10.00 - $175,000  
Commission
$3,020 - $151,201  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,424 - $159,016  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 360
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$11.92 - $148.99  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$0.00 - $30,959  
   
Commission
$3,020 - $151,201  
Profit Sharing
$10.00 - $175,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,424 - $159,016  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 20

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Job Description for Real Estate Broker

Real estate brokers are people who help others to sell or purchase property. Most of the time the property being sold or purchased is a house or empty land. The broker must understand the market value of each property under consideration. They should be able to assess the positive and negative aspects of each property and know how to advertise and negotiate a sale. They often work with financial institutions and help people obtain the loans that are needed to buy a property. They normally work on commission and earn a small percentage from each sale they complete.

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Real Estate Broker Tasks

  • Identify and meet buyers, building long-term relationships.
  • Visit properties and assess potential, current value and to set prices.
  • Work with sellers and documentation to create accurate listings.
  • Connect sellers and buyers, conduct market research and reach price agreements to close sales.

Common Career Paths for Real Estate Broker


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Real Estate Broker Job Listings

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Pay by Experience Level for Real Estate Broker

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

United States (change)

Experience Affects Real Estate Broker Salaries

Late-Career
up arrow 28%

Experienced
up arrow 18%

Mid-Career
up arrow 11%

National Average
$60,000

Entry-Level
up arrow 20%

Skills That Affect Real Estate Broker Salaries

up arrow 28%

Operations Management
up arrow 28%

Sales Management
up arrow 11%

National Average
$60,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 45 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
6%
1-4 years
20%
5-9 years
20%
10-19 years
31%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 39% dental benefits Dental: 24%
vision benefits Vision: 19% employee benefits None: 60%