Average Real Estate Broker Salary

$54,532
Avg. SalaryShow Hourly Rate
$10,000
Bonus
$30,913
Commission
$14,639
Profit Sharing
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The average salary for a Real Estate Broker is $54,532.
10%
$29k
10%
$55k
50%
$117k
90%
90%
MEDIAN $54,532
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United States (change)
Salary
$29k - $117k
Bonus
$512 - $50k
Profit Sharing
$1k - $39k
Commission
$4k - $148k
Total Pay
$30k - $150k

Your Market Worth Over Time

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Job Description for Real Estate Broker

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.

Popular Employer Salaries for Real Estate Broker

Real Estate Broker Job Listings

Popular Skills for Real Estate Broker

Skills in Sales are correlated to pay that is above average. Skills that pay less than market rate include Operations Management, Training, Sales Management and Real Estate.

Pay by Experience Level for Real Estate Broker

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 $48,410 based on 57 salaries. An early career Real Estate Broker with 1-4 years of experience earns an average total compensation of $50,752 based on 131 salaries. A mid-career Real Estate Broker with 5-9 years of experience earns an average total compensation of $59,633 based on 99 salaries. An experienced Real Estate Broker with 10-19 years of experience earns an average total compensation of $57,620 based on 158 salaries. In their late career (20 years and higher), employees earn an average total compensation of $64,077.
Employees with Real Estate Broker in their job title in Portland, Oregon earn an average of 37.5% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (19.2% more) and Miami, Florida (19.2% more). The lowest salaries can be found in Denver, Colorado (17.5% less).

Years of Experience

This data is based on 565 survey responses.
Entry Level
10.1%
Early Career
23.2%
Mid Career
17.5%
Experienced
28.0%
Late Career
21.2%