How Much Does a Broker Of Record Make in Sioux Falls, SD?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Broker Of Record in Sioux Falls, SD is $34,414. While Salary.com is seeing that Broker Of Record salary in Sioux Falls, SD can go up to $41,469 or down to $28,168, but most earn between $31,145 and $38,107. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Broker Of Record
Broker
$86,545
Sioux Falls, SD
Per Year
Record Assistant
$38,644
Sioux Falls, SD
Per Year
Record Clerk
$41,627
Sioux Falls, SD
Per Year
Record Analyst
$38,763
Sioux Falls, SD
Per Year
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Similar Job Salaries to Broker Of Record by Company

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Company average base salary in (usd) range
Affinity Group
Account Executive (Food Broker)
$80,483/yr
$67,300
$93,666
RANGE: $67,300 - $93,666
Wilcoxon Insurance
Insurance Agent / Broker
$144,881/yr
$115,061
$174,700
RANGE: $115,061 - $174,700
Affinity Group
Key Account Specialist (Food Broker)
$77,061/yr
$64,828
$89,294
RANGE: $64,828 - $89,294
$79,286/yr
$68,550
$90,022
RANGE: $68,550 - $90,022
$139,780/yr
$108,409
$171,150
RANGE: $108,409 - $171,150
$151,873/yr
$116,378
$187,369
RANGE: $116,378 - $187,369

What Does a Broker Of Record Do?

The broker of record letter (BOR) in insurance is a tool  insurance agents and brokers utilize to assume the negotiation of your insurance account.
Updated October 12, 2021
The broker of record must follow arbitration policies to investigate disputes and assist with resolutions.
Updated December 22, 2021
The broker-dealer must be able to immediately provide any facsimile enlargement of the record that the SEC, SRO or state securities regulator may request.
Updated December 18, 2021
The broker of record collects and distributes commissions to licensees, according to the brokerage's compensation schedule and policies, as well as each individual licensee’s commission agreement.
Updated December 16, 2021
As Subsection 12 of the Act indicates the broker of record is responsible for ensuring that the brokerage complies with the Act and its regulations.
Updated December 16, 2021

Frequently Asked Questions About a Broker Of Record Salaries

What is the average of a Broker Of Record in Sioux Falls, SD?

The Broker Of Record salary range is from $31,145 to $38,107, and the average Broker Of Record salary is $34,414/year in Sioux Falls, SD. The Broker Of Record's salary will change in different locations.

Which location pays the highest Broker Of Record salary in the United States?

The Broker Of Record salary in San Jose, CA is $47,566 which is the highest in the US.

What kinds of reasons will influence the Broker Of Record's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Broker Of Record.

What is the growth rate of the Broker Of Record's salary?

If you are thinking of becoming a Broker Of Record or planning the next step in your career, find the detailed salary report of a Broker Of Record.