How Much Does a Broker Representative make?

Broker Representative made a median salary around $99,030 in December, 2024. The best-paid 25 percent made $114,753 probably that year, while the lowest-paid 25 percent made around $85,087. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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Best-Paying Cities for Broker Representative

The metropolitan areas that pay the highest salary in the Broker Representative profession are Arabi , Belle Chasse , Chalmette , Gretna , Harvey .
Arabi, LA $104,785
Belle Chasse, LA $104,785
Chalmette, LA $104,785
Gretna, LA $104,785
Harvey, LA $104,785

Best-Paying States for Broker Representative

The states and districts that pay Broker Representative the highest salary are District of Columbia (around $120,856) , California (around $119,770) , New Jersey (around $119,010) , Alaska (around $118,250) , and Massachusetts (around $118,141) .
District of Columbia $120,856
California $119,770
New Jersey $119,010
Alaska $118,250
Massachusetts $118,141

What is the Career Path of Broker Representative?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Broker Representative, the upper level is Account Manager IV , and then progresses to SVP of Account Management
Besides, Broker Representative can also turn to other related jobs, including Broker Relations Representative , Broker/Floor Representative , Floor Broker and Broker .

Frequently Asked Questions for Broker Representative

Q: What is the salary range of Broker Representative in Lafayette, LA?
A: In 2024 , the lowest-paid Broker Representative in Lafayette, LA earned an average annual salary of $85,087 , while the highest-paid made $114,753.
Q: What is the salary for a Broker Representative in California?
A: Broker Representative employed in California earned an average salary of $119,770 in 2024.

Average Broker Representative Pay vs. Other Jobs

Broker Representative earned an average salary of $99,030 in 2024. Other jobs related to Broker Representative earned the following average salary in December, 2024. Broker Relations Representative made $51,989 , Broker/Floor Representative made $163,100 , Floor Broker and Broker made $163,028 and $86,926 respectively .

Relevant Jobs of Broker Representative

Broker Relations Representative - Average Salary $51,989
Broker Relations Representative establishes or maintains a business relationship with new or existing brokers. Provides commissions for brokers in an accurate and timely manner. Being a Broker Relations Representative troubleshoots all the administrative and specialized issues from brokers and clients. Handles concerns, issues and questions from brokers and customers. Additionally, Broker Relations Representative requires a bachelor's degree. Typically reports to a supervisor or manager. The Broker Relations Representative gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Broker Relations Representative typically requires 2 to 4 years of related experience.
Broker/Floor Representative - Average Salary $163,100
The Broker/Floor Representative evaluates market volatility and ensures clients receive the best rate available. Receives buy and sell orders from clients or company executives and completes these orders on the securities trading floor. Being a Broker/Floor Representative typically reports to a supervisor or manager. Requires a bachelor's degree in area of specialty and may require state licensure. Working as a Broker/Floor Representative typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature.
Floor Broker - Average Salary $163,028
Floor Broker receives buy and sell orders from clients or company executives and completes these orders on the securities trading floor. Evaluates market volatility and ensures clients receive the best rate available. Being a Floor Broker requires a bachelor's degree in area of specialty and may require state licensure. Typically reports to a supervisor or manager. To be a Floor Broker typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature.
Broker - Average Salary $86,926
There is currently no job description for Broker, be the first to submit the job responsibilities for Broker.
Insurance Broker - Average Salary $85,716
Insurance Broker develops and markets customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Assesses and negotiates quotes from different carriers based on exposure, risk, and financing. Being an Insurance Broker develops recommendations to advises customers on the best options that will meet their needs and to place and retain the business. Requires knowledge of complex insurance products and a variety of lines such as commercial property & casualty, employee benefits, and others. Additionally, Insurance Broker requires a bachelor's degree. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Typically reports to a supervisor or manager. The Insurance Broker occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Insurance Broker typically requires 2 -4 years of related experience.