How much does a Real Estate Broker make? The average Real Estate Broker salary is $60,023 as of October 28, 2020, but the salary range typically falls between $53,099 and $75,769. 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.
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What does a Real Estate Broker do?
Real Estate Broker
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).
January 05, 2020
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.
February 26, 2020
Build long-term relationships with current and future property owners and property management company.
April 11, 2020
Develop new opportunities within specific geographies served by our team to ensure growth for our business.
April 27, 2020
Consult with buyer and seller clients to hone in their home wants and needs and close the deal.
April 29, 2020
Prepare annual budgets and review monthly financial reports for individual portfolio properties and provide to owners monthly and quarterly.
May 25, 2020
Provide world class customer service to clients to ensure their satisfaction and trust and increase sales volume.
June 09, 2020
Real 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 October 28, 2020. 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
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- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
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- New Hampshire
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- Nevada
- New York
- Ohio
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- 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 | $75,028 |
| Washington, DC | $66,817 |
| Miami, FL | $58,433 |
| Chicago, IL | $63,678 |
| Boston, MA | $67,628 |
| New York, NY | $72,207 |
| Dallas, TX | $59,633 |
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
53099
75769
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Real Estate Broker in 2020?
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 $53,099 to $75,769 with the average base salary of $60,023. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $54,368 to $77,465 with the average total cash compensation of $62,067.
View Average Salary for Real Estate Broker as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $60,023 | $53,099 - $75,769 |
| Bonus | $2,045 | $1,269 - $1,696 |
| Total Pay | $62,067 | $54,368 - $77,465 |
* 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
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. 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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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 October 28, 2020. The average salary of Real Estate Broker is $60,023, and the average salary of Real Estate Managing Broker is $151,576. The average salary of Real Estate Managing Broker is higher than Real Estate Broker. ( 2020-10-28 salary.com )
I am a Real Estate Broker, which location’s salary is higher, Barnstable, MA or New Britain, CT?
New Britain, CT typically sees higher pay than Barnstable, MA for Real Estate Broker. a Real Estate Broker Salary in New Britain, CT is $64,825 as of October 28, 2020; a Real Estate Broker Salary in Barnstable, MA is $63,295 as of October 28, 2020. ( 2020-10-28 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. ( 2020-10-28 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 ( 2020-10-28 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. ( 2020-10-28 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: October 28, 2020