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Real Estate Broker Salary

The average pay for a Real Estate Broker is $51,644 per year. The highest paying skills associated with this job are Sales and Operations Management.
$29,034 - $119,490
(Median)
29K
52K
77K
120K
MEDIAN: $51,643
10%
50%
75%
90%

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$11.96 - $146.81
(Median)
96
150
MEDIAN: $16.00
75%
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
$29,034 - $119,490  
   
Bonus
$0.00 - $38,541  
Profit Sharing
$19.39 - $51,823  
Commission
$3,091 - $145,349  
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).
)
$29,632 - $173,198  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 377
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
$11.96 - $146.81  
   
Overtime
$7.50 - $125.00  
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 - $38,541  
   
Commission
$3,091 - $145,349  
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).
)
$29,632 - $173,198  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 22
United States (change)

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.

Read More...

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

Experience Affects Real Estate Broker Salaries

Late-Career
up arrow 28%

Experienced
up arrow 19%

Mid-Career
up arrow 17%

National Average
$61,000

Entry-Level
up arrow 20%

Skills That Affect Real Estate Broker Salaries

up arrow 34%

Operations Management
up arrow 27%

National Average
$61,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
5%
1-4 years
21%
5-9 years
21%
10-19 years
29%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 38% dental benefits Dental: 22%
vision benefits Vision: 19% employee benefits None: 61%