Real Estate Broker Salary

The average pay for a Real Estate Broker is $50,258 per year. The highest paying skills associated with this job are Operations Management, Real Estate, and Sales.

$28,705 - $102,755

Add this chart to your site: 640px    300px

$11.86 - $101.37

Add this chart to your site: 640px    300px

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$100K$200K$300K
Salary
$28,705 - $102,755  
   
Bonus
$0.00 - $30,115  
Profit Sharing
$-0.50 - $290,874  
Commission
$2,980 - $117,446  
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).
)
$29,249 - $142,553  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 362
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$50$100$150
Hourly Rate
$11.86 - $101.37  
   
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$100K$200K$300K
Bonus
$0.00 - $30,115  
   
Commission
$2,980 - $117,446  
Profit Sharing
$-0.50 - $290,874  
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).
)
$29,249 - $142,553  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 17
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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


Add this chart to your site:   640px 640px    300px 300px

Real Estate Broker Job Listings

Search for more jobs:

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)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Real Estate Broker Salaries

Late-Career
up arrow 28%

Experienced
up arrow 9%

Mid-Career
up arrow 3%

National Average
$59,000

Entry-Level
up arrow 21%

Skills That Affect Real Estate Broker Salaries

Operations Management
up arrow 30%

Real Estate
up arrow 26%

up arrow 17%

National Average
$59,000

Sales Management
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
6%
1-4 years
21%
5-9 years
18%
10-19 years
30%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 41% dental benefits Dental: 28%
vision benefits Vision: 22% employee benefits None: 58%
ADVERTISEMENT