The average pay for a Real Estate Broker is $52,000 per year. The highest paying skills associated with this job are Operations Management, Sales, and Real Estate.

$25,121 - $113,346
(Median)
$25K
$52K
$110K
MEDIAN: $51,999
10%
50%
90%

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$9.89 - $61.28
(Median)
$9
$18
$61
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$25,121 - $113,346  
   
Bonus
$1,014 - $41,084  
Profit Sharing
$7,500  
Commission
$3,000 - $101,738  
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).
)
$29,502 - $133,251  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 285
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$9.89 - $61.28  
   
Overtime
$12.55  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,014 - $41,084  
   
Commission
$3,000 - $101,738  
Profit Sharing
$7,500  
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).
)
$29,502 - $133,251  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 16
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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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Popular Skills for Real Estate Broker

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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Experience Affects Real Estate Broker Salaries


Mid-Career
up arrow 6%


National Average
$59,000

Entry-Level
up arrow 12%

Skills That Affect Real Estate Broker Salaries

Operations Management
up arrow 21%

up arrow 14%


National Average
$59,000

Property Management
up arrow 2%

Sales Management
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
7%
1-4 years
25%
5-9 years
12%
10-19 years
33%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 45%
dental benefits
Dental: 28%
medical benefits
Vision: 22%
dental benefits
None: 54%
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