Annual Salary, Salary Range, and Highest Paying States and Industries
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Real Estate Brokers
Real Estate Brokers operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
Table of contents
- Average salary
- Starting salary
- Salary rank
- Salary range
- Highest paying states
- Highest paying industries
Average salary
Starting salary
Entry-level Real Estate Brokers with little to no experience can expect to make anywhere between $25,460 to $38,170 per year or $12 to $18 per hour. Similar to any other job, their salary will increase as they gain experience.
Salary rank
We wanted to make it easy for our readers to compare the salary of Real Estate Brokers to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.
Salary range
| Level | Hourly | Annual |
|---|---|---|
| Highest (Top 10%) | $84 | $174,120 |
| Senior (Top 25%) | $47 | $97,080 |
| Middle (Mid 50%) | $29 | $60,370 |
| Junior (Bottom 25%) | $18 | $38,170 |
| No experience (Bottom 10%) | $12 | $25,460 |
Highest paying states
| State | Hourly | Annual |
|---|---|---|
| DC | $54 | $112,550 |
| NY | $53 | $111,120 |
| MA | $47 | $98,730 |
| NM | $47 | $96,920 |
| WI | $46 | $94,900 |
| CA | $45 | $93,810 |
| NV | $43 | $89,270 |
| ME | $42 | $86,460 |
| KY | $42 | $86,380 |
| NC | $41 | $85,100 |
Another simple way to increase your salary as a Real Estate Broker is to move to a higher paying state. However moving to a higher paying state like DC doesn’t guarantee that you will make more because the expenses at DC might be much higher than where you are currently living at right now.
According to BLS, the highest paid Real Estate Brokers are in the states of DC, NY, MA, NM and WI.
Highest paying industries
| Salary by industry | Annual | Hourly |
|---|---|---|
| Other Investment Pools and Funds | $106160 | $51.04 |
| Electric Power Generation, Transmission and Distribution | $90810 | $43.66 |
| Nonresidential Building Construction | $88570 | $42.58 |
| Real Estate | $81760 | $39.31 |
| Management of Companies and Enterprises | $81300 | $39.09 |
| Insurance Carriers | $80450 | $38.68 |
| Management, Scientific, and Technical Consulting Services | $79970 | $38.45 |
| Credit Intermediation and Related Activities | $79230 | $38.09 |
| Local Government | $78030 | $37.51 |
| Land Subdivision | $76890 | $36.97 |
| Nondepository Credit Intermediation | $71090 | $34.18 |
| Employment Services | $67940 | $32.67 |
| Legal Services | $67090 | $32.25 |
| Advertising, Public Relations, and Related Services | $61560 | $29.60 |
| Residential Building Construction | $ | $* |
Explore Other Careers
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