$53,825
Avg. Salary
$19.63
Avg. Hourly Rate

Average additional compensation:

$10,045

Bonus

$9,887

Profit Sharing

$35,493

Commission

What am I worth?
How should I pay?

The average pay for a Real Estate Broker is $19.63 per hour.

The average pay for a Real Estate Broker is $53,825 per year.

10%
$11.81
10%
$19.63
50%
$39.15
90%
90%
MEDIAN $19.63
10%
$25k
10%
$54k
50%
$120k
90%
90%
MEDIAN $53,825
$24,653 - $119,578
$25K
$54K
$120K
MEDIAN: $53,825
10%
50%
90%

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$11.81 - $39.15
$12
$20
$39
MEDIAN: $19.63
10%
50%
90%

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$0$153K
Salary $24,653 - $119,578
Bonus $520 - $50,056
Profit Sharing $1,468 - $20,608
Commission $4,027 - $153,193
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).
)
$28,492 - $149,055
  • Country: United States
  • Currency: USD
  • Updated: 17 Apr 2019
  • Individuals Reporting: 497
Hourly Data $0$39
Hourly Rate $11.81 - $39.15
Overtime $18.80
Annual Data $0$153K
Bonus $520 - $50,056
Commission $4,027 - $153,193
Profit Sharing $1,468 - $20,608
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).
)
$28,492 - $149,055
  • Country: United States
  • Currency: USD
  • Updated: 17 Apr 2019
  • Individuals Reporting: 32

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
  • Work with sellers and documentation to create accurate listings.
  • Connect sellers and buyers, conduct market research and reach price agreements to close sales.
  • Identify and meet buyers, building long-term relationships.
  • Visit properties and assess potential, current value and to set prices.

Common Career Paths for Real Estate Broker


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Real Estate Broker Job Listings

Popular Skills for Real Estate Broker

Pay by Experience Level for Real Estate Broker

Pay by Experience for a Real Estate Broker has a positive trend. An entry-level Real Estate Broker with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 107 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Real Estate Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 59 salaries. An experienced Real Estate Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $64,000 based on 109 salaries. A Real Estate Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $73,000 based on 73 salaries.

Pay Difference by Location

25%

National Average: $60,909

Larger city markers indicate a job is popular in that location.

Real Estate Broker Reviews

Q: What is it like working as a Real Estate Broker?

Real Estate Broker in Los Angeles:
"People who don't value your contribution either don't need you or will find out how bad they used you."
Pros: The relaxed casual nature and beautiful sunshine
Cons: The fake promises and fancy lies

Real Estate Broker in Seattle:
"Opportunity."
Pros: Weather.
Cons: All good.

Related Job Salaries

Key Stats for Real Estate Broker

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.
Less than 1 year
5%
1-4 years
23%
5-9 years
14%
10-19 years
30%
20 years or more
28%

Experience Affects Real Estate Broker Salaries

▲20%

Mid-Career
▲10%

▲4%

National Average
$61,000

▼11%

Skills That Affect Real Estate Broker Salaries

Operations Management
▲17%

▲13%

▲6%

National Average
$61,000

Property Management
▼5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
23%
5-9 years
14%
10-19 years
30%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 41%
dental benefits
Dental: 26%
vision benefits
Vision: 20%
no benefits
None: 58%