Broker Representative made a median salary around $107,500 in December, 2024.
The best-paid 25 percent made $124,568 probably that year, while the lowest-paid 25 percent made around $92,364.
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.
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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).
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.
Frequently Asked Questions for Broker Representative
Q:What is the salary range of Broker Representative in North Dakota?
A:In 2024
, the lowest-paid Broker Representative in North Dakota earned an average annual salary of $92,364
, while the highest-paid made $124,568.
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 $107,500 in 2024.
Other jobs related to Broker Representative earned the following average salary in December, 2024.
Broker Relations Representativemade $56,435,Broker/Floor Representativemade $177,000,Floor BrokerandBrokermade $176,971and $94,360 respectively.
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.
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 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.
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.