$51,855
Avg. Salary

Average additional compensation for this job:

Bonus

$10,113

Profit Sharing

$9,887

Commission

$33,971

The average pay for a Real Estate Broker is $56,045 per year. The highest paying skills associated with this job are Operations Management and Sales.

$24,660 - $118,434
$25K
$52K
$120K
MEDIAN: $51,855
10%
50%
90%

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$11.84 - $45.62
$12
$19
$46
MEDIAN: $19.46
10%
50%
90%

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$0$195K
Salary $24,660 - $118,434
Bonus $705 - $44,698
Profit Sharing $1,468 - $35,745
Commission $3,575 - $195,743
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).
)
$28,996 - $147,468
  • Country: United States
  • Currency: USD
  • Updated: 6 Aug 2018
  • Individuals Reporting: 530
Hourly Data $0$45
Hourly Rate $11.84 - $45.62
Overtime $12.77
Annual Data $0$195K
Bonus $705 - $44,698
Commission $3,575 - $195,743
Profit Sharing $1,468 - $35,745
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).
)
$28,996 - $147,468
  • Country: United States
  • Currency: USD
  • Updated: 6 Aug 2018
  • Individuals Reporting: 27

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

  • 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

National Average: $59,986

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

Related Job Salaries

Key Stats for Real Estate Broker

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.
Less than 1 year
5%
1-4 years
24%
5-9 years
13%
10-19 years
30%
20 years or more
27%

Experience Affects Real Estate Broker Salaries

▲22%

Mid-Career
▲12%

▲6%

National Average
$60,000

▼10%

Skills That Affect Real Estate Broker Salaries

Operations Management
▲18%

▲15%

▲8%

National Average
$60,000

Property Management
▼4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
1-4 years
24%
5-9 years
13%
10-19 years
30%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 42%
dental benefits
Dental: 28%
vision benefits
Vision: 21%
no benefits
None: 57%