Salary for Real Estate Brokers
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Also known as: Licensed Real Estate Broker, Real Estate Broker
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SEE MORE SALARIES FOR MARKETING AND SALES PROFESSIONALSReal 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 expect a wage between $25,460 and $174,120 based on the level of education. will normally receive an average salary of eigthy-one thousand six hundred and thirty dollars per annum.
can get the best compensation in District of Columbia, where they get salary pay of just about $112,550. People working these jobs can make the highest salaries in Construction, where they can get an average job salary of $91,610.
Are you an aspiring real estate broker? Want a new opportunity where you can earn a higher salary? Join our real estate broker Career Community today!The national wage distribution is shown below. To overlay local salaries for a Real Estate Broker, please select your state.
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The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 4.97 percent nationwide in that time.
Real Estate Brokers tend to make the most in the following industries:
In general, they earn less within the industries below: