Real Estate Broker Salary (United States)

The average pay for a Real Estate Broker is $51,212 per year. The highest paying skills associated with this job are Real Estate, Sales, and Operations Management.
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.
)
$29,256 - $121,817
(Median)
29K
51K
77K
120K
MEDIAN: $51,211
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.
)
$11.84 - $112.34
(Median)
12
96
110
MEDIAN: $18.00
10%
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
$29,256 - $121,817  
   
Bonus
$0.00 - $38,306  
Profit Sharing
$10.00 - $175,000  
Commission
$4,943 - $110,000  
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).
)
$30,209 - $178,580  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 436
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
$11.84 - $112.34  
   
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 - $38,306  
   
Commission
$4,943 - $110,000  
Profit Sharing
$10.00 - $175,000  
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).
)
$30,209 - $178,580  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 436
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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.
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.
Read more about: Real Estate Brokers
Common Career Paths for Real Estate Broker

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.
Pay Difference By Location
Los Angeles
up arrow 13%
National Average
$62,000
Atlanta
up arrow 4%
Seattle
up arrow 19%
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 28%
Mid-Career
up arrow 22%
Experienced
up arrow 16%
National Average
$62,000
Entry-Level
up arrow 21%

Skills That Affect Real Estate Broker Salaries

Real Estate
up arrow 35%
Sales
up arrow 29%
Operations Management
up arrow 24%
National Average
$62,000
Customer Relationship Management (CRM)
up arrow 10%
Sales Management
up arrow 27%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 62 votes.
Gender
Female
47%
female alumni
 
Male
53%
male alumni
Years of Experience
Less than 1 year
6%
1-4 years
21%
5-9 years
24%
10-19 years
29%
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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