Avg. Base Salary (USD)
The average salary for a Real Estate Broker is $60,559
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 $43,443 based on 11 salaries. An early career Real Estate Broker with 1-4 years of experience earns an average total compensation of $51,683 based on 59 salaries. A …Read more
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 …Read more
- Identify and meet buyers, building long-term relationships.
- Visit properties and assess potential, current value and to set prices.
- Work with sellers and documentation to create accurate listings.
- Connect sellers and buyers, conduct market research and reach price agreements to close sales.