Real Estate Broker Salary in Chicago, IL

How much does a Real Estate Broker make in Chicago, IL? The average Real Estate Broker salary in Chicago, IL is $63,902 as of December 28, 2020, but the salary range typically falls between $56,533 and $80,665. 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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Salary range for a Real Estate Broker

$56,533 to $80,665

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What is a Real Estate Broker?

A Real Estate Broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually work under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. In North America, some brokers and agents are members of the National Association of Realtors (NAR), the largest trade association for the industry. NAR members are obligated by a code of ethics that go above and ...

Source: Wikipedia (as of 09/06/2019). Read more from Wikipedia

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Job Openings for Real Estate Broker in Chicago, IL

Real Estate Broker

Manor Straits - Chicago , IL

Looking to partner with a real estate broker who is well versed in off-market / pocket listings, cold calling, commercial, multifamily real estate. We need someone who loves being on the phones and ...

LinkedIn - 12 days ago

Commercial Real Estate Agent

Lovejoy Commercial - Des Plaines , IL

We are a high-profile, fun, fast-paced commercial real estate brokerage company, focused on providing a unique mentorship and training experience to our team of experienced Real Estate Professionals

ZipRecruiter - 24 days ago

Commercial Real Estate Agent

Lovejoy Commercial - Chicago , IL

We are a high-profile, fun, fast-paced commercial real estate brokerage company, focused on providing a unique mentorship and training experience to our team of experienced Real Estate Professionals

ZipRecruiter - 24 days ago

VP/Managing Broker

Gerrard-Hoeschler, REALTORS® - Chicago , IL

We are looking for a dynamic VP/Managing Broker to work with our knowledgeable management team to lead a new generation of real estate professionals. Candidates must have a proven track record of ...

ZipRecruiter - 47 days ago

Real Estate License Tutor

Varsity Tutors - Evanston , IL

*#Lombard Real Estate License Tutor Jobs*Varsity Tutors has students in #Lombard looking for Real Estate License exam tutoring. Varsity Tutors is a live learning platform that connects tutors with ...

Varsity Tutors - 23 days ago

Real Estate License Tutor

Varsity Tutors - Evanston , IL

*#Wheaton Real Estate License Tutor Jobs*Varsity Tutors has students in #Wheaton looking for Real Estate License exam tutoring. Varsity Tutors is a live learning platform that connects tutors with ...

Varsity Tutors - 23 days ago

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).

March 19, 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.

May 16, 2020

Build long-term relationships with current and future property owners and property management company.

May 20, 2020

Consult with buyer and seller clients to hone in their home wants and needs and close the deal.

June 18, 2020

Prepare annual budgets and review monthly financial reports for individual portfolio properties and provide to owners monthly and quarterly.

September 04, 2020

Provide world class customer service to clients to ensure their satisfaction and trust and increase sales volume.

September 13, 2020

Review profit and loss statements for wasteful spending, analyze and recommend solutions for more efficient and economical ways to control expenses.

September 16, 2020

Actively recruit new agents and look for opportunities to grow our office.

September 24, 2020

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.

October 16, 2020

Develop new opportunities within specific geographies served by our team to ensure growth for our business.

October 18, 2020

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About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

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

Understand the total compensation opportunity for a Real Estate Broker, base salary plus other pay elements

Average Base Salary

Core compensation

56533

80665

63902

Average Total Cash Compensation

Includes base and annual incentives

57886

82474

66084

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 Chicago, IL. The base salary for Real Estate Broker ranges from $56,533 to $80,665 with the average base salary of $63,902. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $57,886 to $82,474 with the average total cash compensation of $66,084.

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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

56533

80665

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Real Estate Broker Salary in popular cities: Aurora, Rockford, Joliet

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role