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Real Estate Broker Salary

The average pay for a Real Estate Broker is $50,392 per year. The highest paying skills associated with this job are Operations Management, Sales, and Sales Management.

$28,889 - $117,144
(Median)
$29K
$50K
$120K
MEDIAN: $50,391
10%
50%
90%

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$11.92 - $148.99
(Median)
$12
$17
$150
MEDIAN: $16.00
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
$28,889 - $117,144  
   
Bonus
$0.00 - $30,410  
Profit Sharing
$19.39 - $51,823  
Commission
$3,020 - $142,503  
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).
)
$29,393 - $154,543  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 357
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 - $30,410  
   
Commission
$3,020 - $142,503  
Profit Sharing
$19.39 - $51,823  
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).
)
$29,393 - $154,543  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 20

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United States (change)


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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

Jobs by Simply Hired
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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

 
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United States (change)

Experience Affects Real Estate Broker Salaries

Late-Career
up arrow 30%

Experienced
up arrow 16%

Mid-Career
up arrow 10%

National Average
$60,000

Entry-Level
up arrow 19%

Skills That Affect Real Estate Broker Salaries

Operations Management
up arrow 28%

up arrow 17%

Sales Management
up arrow 12%

National Average
$60,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
6%
1-4 years
21%
5-9 years
19%
10-19 years
31%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 37% dental benefits Dental: 25%
vision benefits Vision: 20% employee benefits None: 63%
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