Average Real Estate Broker Salary

$54,532
Avg. SalaryShow Hourly Rate
$9,949
Bonus
$30,913
Commission
$14,830
Profit Sharing
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The average salary for a Real Estate Broker is $54,532.
10%
$29k
10%
$55k
50%
$119k
90%
90%
MEDIAN $54,532
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United States (change)
Salary
$29k - $119k
Bonus
$512 - $50k
Profit Sharing
$1k - $39k
Commission
$4k - $148k
Total Pay
$30k - $150k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

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

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
Property Manager
Office Manager
Real Estate Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

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 23 salaries. An early career Real Estate Broker with 1-4 years of experience earns an average total compensation of $50,752 based on 117 salaries. A mid-career Real Estate Broker with 5-9 years of experience earns an average total compensation of $59,633 based on 67 salaries. An experienced Real Estate Broker with 10-19 years of experience earns an average total compensation of $57,620 based on 153 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 New York, New York earn an average of 19.2% 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 500 survey responses.
Entry Level
4.6%
Early Career
23.4%
Mid Career
13.4%
Experienced
30.6%
Late Career
28.0%