Avg. Base Salary (USD)
The average salary for a Commercial Real Estate Broker is $72,208 in 2023
What is the Pay by Experience Level for Commercial Real Estate Brokers?
An entry-level Commercial Real Estate Broker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $41,175 based on 8 salaries. An early career Commercial Real Estate Broker with 1-4 years of experience earns an average total compensation of $59,068 based …Read more
What Do Commercial Real Estate Brokers Do?
Commercial real estate brokers usually serve as leasing and sales agents for business properties, and an associate's or bachelor's degree and state-required real estate licensing are generally required for this position.
Commercial real estate brokers should be confident and have strong communication skills to work well with clients. Because income is largely driven by commission, they should be self-motivated and able to pursue, obtain, and maintain clients. Organizational skills are also …Read more
- Obtain and market new properties.
- Draw up and file leases and sales.
- Meet with clients and prospective clients, provide property tours.
- Negotiate lease and sales terms for properties.
How do Commercial Real Estate Brokers Rate Their Jobs?
FAQs About Commercial Real Estate Brokers
What is the highest pay for Commercial Real Estate Brokers?
Our data indicates that the highest pay for a Commercial Real Estate Broker is $177k / year
What is the lowest pay for Commercial Real Estate Brokers?
Our data indicates that the lowest pay for a Commercial Real Estate Broker is $35k / year
How can Commercial Real Estate Brokers increase their salary?
Increasing your pay as a Commercial Real Estate Broker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Commercial Real Estate Broker that oversees more junior Commercial Real Estate Brokers, this experience can increase the likelihood to earn more.