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Average Real Estate Broker Salary

$55,898
Avg. SalaryShow Hourly Rate
$9,967
Bonus
$45,781
Commission
$15,260
Profit Sharing
What am I worth?
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How should I pay?
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The average salary for a Real Estate Broker is $55,898.
10%
$25k
MEDIAN
$56k
90%
$112k
Is Real Estate Broker your job title? Find out what you should be paid
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Salary
$25k - $112k
Bonus
$508 - $49k
Profit Sharing
$1k - $40k
Commission
$6k - $145k
Total Pay
$30k - $151k
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What Do Real Estate Brokers Do?

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

4.3 out of 5
(48)
Highly Satisfied
4Reviews

Popular Employer Salaries for Real Estate Broker

Career Paths

Explore the most common career paths for Real Estate Broker. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Real Estate Broker
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Real Estate Broker Job Listings

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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.
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.
Entry Level
3.8%
Early Career
22.6%
Mid Career
13.3%
Experienced
30.2%
Late Career
30.0%