Commercial Broker Salary
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How much does a Commercial Broker make? The average Commercial Broker salary is $94,383 as of June 27, 2024, but the salary range typically falls between $81,383 and $115,293. 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.
Salary range for an Commercial Broker
$81,383 to $115,293
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What does a Commercial Broker do?
Common responsibilities of a Commercial Broker
Prepare and ensure the professional quality of insurance underwriting submissions, prospect and client proposals and presentations, sales reports, professional communications .
October 17, 2022
Gather research information and complete market surveys, including gathering building information, maps and pictures, CoStar data, and creating building tour books.
December 13, 2022
Assist with building correspondence, file maintenance and management, meeting planning and scheduling, and report preparation.
January 31, 2023
Participate in Brokerage Team Meetings and weekly sales meetings to update colleagues on leasing activity, market information, new business generating efforts, prospects and market knowledge and trends.
February 11, 2023
Provide an excellent customer experience by overseeing the loan process from origination to closing and proactively communicating with the customer throughout the entire process.
March 24, 2023
Understand broad spectrum of commercial lines business not limited to GL, Property, Management Liability, WC and Excess/Umbrella.
March 24, 2023
Develops on-going relationships with agents, monitor profitability and quality of submissions along with the marketing team to keep agent up-to-date with underwriting and/or product changes, efficiently and profitably.
April 18, 2023
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Explore JobArchitectCommercial Broker Salary in Major Cities
This chart shows the salary comparison for Commercial Broker between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for Commercial Broker in each city.
Commercial Broker Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Commercial Broker Salary by City
Click to see the salary for Commercial Broker in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $117,978 |
| Washington, DC | $105,048 |
| Miami, FL | $91,079 |
| Chicago, IL | $99,007 |
| Boston, MA | $105,803 |
| New York, NY | $110,239 |
| Dallas, TX | $93,156 |
If you'd like know Commercial Broker Salary in other cities, then please select a city in
Average Salary Range for Commercial Broker
Average Base Salary
Core compensation
81383
115293
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Commercial Broker in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Broker in the United States. The base salary for Commercial Broker ranges from $81,383 to $115,293 with the average base salary of $94,383. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $84,464 to $123,475 with the average total cash compensation of $99,308.
View Average Salary for Commercial Broker as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $94,383 | $81,383 - $115,293 |
| Bonus | $4,925 | $3,081 - $8,182 |
| Total Pay | $99,308 | $84,464 - $123,475 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Estimate Salary for Commercial Broker online for free
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Please enter the following pay factors for Commercial Broker, to get a real-time salary target.
If you want to get more detailed salary information, please view Professional Salary Report
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81383
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Comments about Commercial Broker
What's the difference between Commercial Insurance Broker and Commercial Broker?
According to our latest salary estimation on June 27, 2024. The average salary of Commercial Broker is $94,383, and the average salary of Commercial Insurance Broker is $58,285. The average salary of Commercial Insurance Broker is lower than Commercial Broker. ( 2024-06-27 salary.com )
I am a Commercial Broker, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Commercial Broker. a Commercial Broker Salary in Bentonville, AR is $85,322 as of June 27, 2024; a Commercial Broker Salary in Auburn, AL is $83,245 as of June 27, 2024. ( 2024-06-27 salary.com )
Commercial Broker Frequently Asked Questions
Why does the salary of a Commercial Broker vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for Commercial Broker?
Salary ranges for a Commercial Broker can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
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Last Update: June 27, 2024