The average salary for a Real Estate Broker is $55,898.
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What Do Real Estate Brokers Do?
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 o…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.
Job Satisfaction for Real Estate Broker
Popular Employer Salaries for Real Estate Broker
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Somewhat common (8 - 20%)
Real Estate Broker Job Listings
What Are Popular Skills for Real Estate Brokers?
Skills in Real Estate, Sales and Operations Management are correlated to pay that is above average. Skills that pay less than market rate include Training and Sales Management.
What is the Pay by Experience Level for Real Estate Brokers?
An entry-level Real Estate Broker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $44,317 based on 18 salaries. An early career Real Estate Broker with 1-4 years of experience earns an average total compensation of $49,588 based on 107 salaries. A mid-career Real Estate Broker with 5-9 years of experience earns an average total compensation of $59,564 based on 63 salaries. An experienced Real Estate Broker with 10-19 years of experience earns an average total compensation of $64,027 based on 143 salaries. In their late career (20 years and higher), employees earn an average total compensation of $61,417.
Pay Difference by Location
Employees with Real Estate Broker in their job title in San Diego, California earn an average of 50.3% more than the national average. These job titles also find higher than average salaries in New York, New York (25.2% more) and Los Angeles, California (21.6% more). The lowest salaries can be found in Denver, Colorado (18.6% less) and Portland, Oregon (2.5% less).
Years of Experience
This data is based on 473 survey responses.