Avg. Base Salary (USD)
The average salary for a Real Estate Broker is $98,264 in 2023
What is the Pay by Experience Level for Real Estate Brokers?
An early career Real Estate Broker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $40,695 based on 5 salaries. An experienced Real Estate Broker with 10-19 years of experience earns an average total compensation of $84,000 based on 6 salaries.
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
- 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.
FAQs About Real Estate Brokers
What is the highest pay for Real Estate Brokers in Los Angeles?
Our data indicates that the highest pay for a Real Estate Broker in Los Angeles is $NaN / year
What is the lowest pay for Real Estate Brokers in Los Angeles?
Our data indicates that the lowest pay for a Real Estate Broker in Los Angeles is $NaN / year
How can Real Estate Brokers increase their salary?
Increasing your pay as a Real Estate Broker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Real Estate Broker that oversees more junior Real Estate Brokers, this experience can increase the likelihood to earn more.