The average salary for a Real Estate Broker is $54,532.
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$29k - $117k
$512 - $50k
$1k - $39k
$4k - $148k
$30k - $150k
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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 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.
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.
Pay Difference by Location
Learn more about cost of living by city.
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.
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