Real Estate Broker Salary
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How much does a Real Estate Broker make? The average Real Estate Broker salary is $104,885 as of June 27, 2024, but the salary range typically falls between $84,076 and $129,105. 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 a Real Estate Broker
$84,076 to $129,105
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What does a Real Estate Broker do?
Common responsibilities of a Real Estate Broker
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.
November 01, 2022
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.
January 03, 2023
Build long-term relationships with current and future property owners and property management company.
January 12, 2023
Develop new opportunities within specific geographies served by our team to ensure growth for our business.
April 14, 2023
Prepare annual budgets and review monthly financial reports for individual portfolio properties and provide to owners monthly and quarterly.
April 16, 2023
Assist Brokerage team with all market related research including but not limited to rental rate trends, sales comparable information, new self storage development (recent, planned and under construction).
April 18, 2023
Provide world class customer service to clients to ensure their satisfaction and trust and increase sales volume.
May 07, 2023
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Explore JobArchitectReal Estate Broker Salary in Major Cities
This chart shows the salary comparison for Real Estate 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 Real Estate Broker in each city.
Real Estate 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
Real Estate Broker Salary by City
Click to see the salary for Real Estate Broker in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $131,106 |
| Washington, DC | $116,736 |
| Miami, FL | $101,214 |
| Chicago, IL | $110,024 |
| Boston, MA | $117,576 |
| New York, NY | $122,505 |
| Dallas, TX | $103,521 |
If you'd like know Real Estate Broker Salary in other cities, then please select a city in
Average Salary Range for Real Estate Broker
Average Base Salary
Core compensation
84076
129105
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Real Estate Broker in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Real Estate Broker in the United States. The base salary for Real Estate Broker ranges from $84,076 to $129,105 with the average base salary of $104,885. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $86,838 to $147,545 with the average total cash compensation of $111,516.
View Average Salary for Real Estate Broker as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $104,885 | $84,076 - $129,105 |
| Bonus | $6,632 | $2,763 - $18,440 |
| Total Pay | $111,516 | $86,838 - $147,545 |
* 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 Real Estate Broker online for free
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Please enter the following pay factors for Real Estate 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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Similar Jobs to Real Estate Broker
Comments about Real Estate Broker
What's the difference between Real Estate Managing Broker and Real Estate Broker?
According to our latest salary estimation on June 27, 2024. The average salary of Real Estate Broker is $104,885, and the average salary of Real Estate Managing Broker is $104,885. The average salary of Real Estate Managing Broker is lower than Real Estate Broker. ( 2024-06-27 salary.com )
I am a Real Estate Broker, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for Real Estate Broker. a Real Estate Broker Salary in Bentonville, AR is $94,816 as of June 27, 2024; a Real Estate Broker Salary in Auburn, AL is $92,508 as of June 27, 2024. ( 2024-06-27 salary.com )
Real Estate Broker Frequently Asked Questions
Why does the salary of a Real Estate 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 Real Estate Broker?
Salary ranges for a Real Estate 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 )
Recently searched related titles: Residential Real Estate Broker, Commercial Real Estate Associate, Real Estate Development Associate
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Jobs with a similar salary range to Real Estate Broker : Stager, Real Estate Advisor, Real Estate Representative
Last Update: June 27, 2024