Salaries

Salary for Real Estate Brokers

Also known as:  Licensed Real Estate Broker, Real Estate Broker

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Real estate brokers sell real estate for other individuals. They do this for a fee, also called a commission. Real estate brokers search other similar properties to compare prices and ensure the property is being listed at a competitive price. Brokers also monitor the fulfillment of the terms of the agreement once it is made and negotiate between buyers and sellers. In order to work as a broker it is necessary that the individual be familiar with the real estate laws and fair housing laws to work as a broker. The job is a commission-only position, though earnings can be substantial.

A Real Estate Broker can get salaries of somewhere between 56000 and 84000 based on level of experience. Real Estate Brokers can get average salaries of Seventy Six Thousand Two Hundred dollars every year.

Real Estate Brokers can make the most money in New York, which has an average job salary of near $137480. These employees are compensated at the highest average salary in Management of Companies and Enterprises, where they earn wages of $91180.

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The national wage distribution is shown below. To overlay local salaries for a Real Estate Broker, please select your state.
ANNUAL SALARY
HOURLY RATE
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SALARY TREND
The annual compensation for this career has gone down since 2004. Salaries have decreased by an average of 2.24 percent nationwide in that time.
INDUSTRIES
Real Estate Brokers tend to make the most in the following industries
Construction $91,180
Management of Companies and Enterprises $82,680
Real Estate and Rental and Leasing $76,060
Finance and Insurance $75,610
Wholesale Trade $70,420
Professional, Scientific, and Technical Services $64,280
In general, they earn less within the industries below
Mining, Quarrying, and Oil and Gas Extraction $53,510
Other Services (except Public Administration) $55,730
Administrative, Support and Waste Management Services $61,810
Public Administration $62,660
Professional, Scientific, and Technical Services $64,280
Wholesale Trade $70,420