The average pay for a Real Estate Broker is $50,610 per year. The highest paying skills associated with this job are Real Estate and Sales.
Real Estate Broker Total Pay (?
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.
)
$28,552 - $121,668
(Median)
29K
51K
77K
120K
MEDIAN: $50,610
10%
50%
75%
90%
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Real Estate Broker Total Pay (?
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.
)
$11.74 - $147.95
(Median)
28
99
150
MEDIAN: $27.00
50%
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$70K$140K$210K
Salary
$28,552 - $121,668  
   
Bonus
$0.00 - $38,377  
Profit Sharing
$20.13 - $79,463  
Commission
$5,057 - $130,000  
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).
)
$30,301 - $181,179  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 496
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
$11.74 - $147.95  
   
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 - $38,377  
   
Commission
$5,057 - $130,000  
Profit Sharing
$20.13 - $79,463  
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).
)
$30,301 - $181,179  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 496
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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.
Read more about: Real Estate Brokers
Pay by Experience Level for Real Estate Broker
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
National Average
$64,000
Seattle
up arrow 6%
Atlanta
up arrow 7%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Real Estate Broker Salaries

Late-Career
up arrow 26%
Mid-Career
up arrow 21%
Experienced
up arrow 13%
National Average
$64,000
Entry-Level
up arrow 22%

Skills That Affect Real Estate Broker Salaries

Real Estate
up arrow 31%
Sales
up arrow 25%
National Average
$64,000
Customer Relationship Management (CRM)
up arrow 4%
Sales Management
up arrow 29%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 69 votes.
Gender
Female
46%
female alumni
 
Male
54%
male alumni
Years of Experience
Less than 1 year
5%
1-4 years
21%
5-9 years
25%
10-19 years
28%
20 years or more
21%
Common Health Benefits
medical benefits Medical: 39% dental benefits Dental: 23%
vision benefits Vision: 17% employee benefits None: 60%
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