Commercial Broker Salary in Memphis, Tennessee

How much does a Commercial Broker make in Memphis, TN?

As of April 01, 2025, the average annual salary for a Commercial Broker in Memphis, TN is $90,268. Salary.com reports that pay typically ranges from $77,839 to $110,261, with most professionals earning between $66,522 and $128,463.

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Salary range for an Commercial Broker

$77,839 to $110,261

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Commercial Broker

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Job Openings for Commercial Broker in Memphis, TN

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

Create commercial energy proposals for clients with an array of competitive offers for commercial clients.

April 20, 2023

Review sizing workbooks to develop stronger understanding of deal sizing.

April 27, 2023

Manage property tours with industry colleagues and prospects, creating a professional and engaging tour experience that features the benefits and appeal of our portfolio assets.

May 03, 2023

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Commercial Broker Salary By Experience Levels in Memphis, TN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Broker Salary By Level of Education in Memphis, TN

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Broker in Memphis, TN

Average Base Salary

Core compensation

77839

110261

90268

Average Total Cash Compensation

Includes base and annual incentives

80777

118086

94976

What is the average salary for Commercial Broker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Broker in Memphis, TN. The base salary for Commercial Broker ranges from $77,839 to $110,261 with the average base salary of $90,268. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $80,777 to $118,086 with the average total cash compensation of $94,976.

View Average Salary for Commercial Broker as table

	Average Salary	Average Salary Range
Base Salary	$90,268	$77,839 - $110,261
Bonus	$4,708	$2,938 - $7,825
Total Pay	$94,976	$80,777 - $118,086

* 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.

Commercial Broker Salary Near Memphis, TN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Memphis, TN
CITY, STATE Germantown, TN	AVERAGE SALARY RANGE $77,648 - $109,990	COMPARE TO Memphis, TN
CITY, STATE Southaven, MS	AVERAGE SALARY RANGE $77,722 - $110,096	COMPARE TO Memphis, TN
CITY, STATE Olive Branch, MS	AVERAGE SALARY RANGE $77,531 - $109,825	COMPARE TO Memphis, TN
CITY, STATE Jonesboro, AR	AVERAGE SALARY RANGE $77,257 - $109,437	COMPARE TO Memphis, TN
CITY, STATE Jackson, TN	AVERAGE SALARY RANGE $77,257 - $109,437	COMPARE TO Memphis, TN
CITY, STATE Tupelo, MS	AVERAGE SALARY RANGE $70,102 - $99,302	COMPARE TO Memphis, TN

See salaries for Commercial Broker in locations close to Memphis, TN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Memphis, Tennessee

Memphis is a city located along the Mississippi River in southwestern Shelby County, Tennessee, United States. The 2017 city population was 652,236, making Memphis the largest city on the Mississippi River, second-largest city in Tennessee, as well as the 25th largest city in the United States. Greater Memphis is the 42nd largest metropolitan area in the United States, with a population of 1,348,260 in 2017. The city is the anchor of West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas and Mississippi. Memphis is the seat of Shelby County, the most p...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Commercial Broker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Memphis, TN that might be a good fit for the type of job and salary you are looking for.

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