Real Estate Brokers Salary 2017: How Much Money Do They Make

Stanley TanLeave a Comment



hourly pay for Real Estate Brokers
do Real Estate Brokers make a lot of money

Real Estate Brokers

Other names for this job might include Broker, Broker Assistant, Broker Associate, Buyer Broker, Closing Agent, Contract Specialist, Dealer, Designated Broker, Lease Administration Analyst, Lease Analyst


  • $79340
    Salary
  • 67%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B



How Much Successful Real Estate Brokers Make In 2017


In this salary guide, you will find out how much do Real Estate Brokers make.

After reading this, you will be able to make a decision if working as a Real Estate Broker will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$79340 per year

Hourly wage
$38.140 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Real Estate Brokers make per year and what is their hourly wage.

According to BLS, the average annual salary of Real Estate Brokers is $79340. Their salary can also be as low as $24370 if you’re still a newbie with no experience to over $162260 if you have a ton of experience under your belt.

The typical hourly pay is $38.140 and can range from $11.720 to $78.010 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Real Estate Broker will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
A

We wanted to make it easy for our readers to compare the salary of A Real Estate Broker to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Real Estate Brokers make with other careers, they have a salary rank of A.



Become one

schools for Real Estate Brokers

Interested in the career of a Real Estate Broker? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Click to start becoming a Real Estate Broker




Salary range

LevelHourlyYearly
Highest (Top 10%)$78.010$162260
Senior (Top 25%)$45.690$95030
Middle (Mid 50%)$27.300$56790
Junior (Bottom 25%)$16.440$34190
No experience (Bottom 10%)$11.720$24370


Entry-level Real Estate Brokers who starts out at $34190 can expect to make $56790 after 3-5 years of experience in the field.

The bottom 10% makes less than $11.720 per hour while the top 10% makes over $78.010 per hour.

While the median wage is $56790 per annum or $27.300 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Insurance Agencies and Brokerages65.77136800
Securities, Commodity Contracts, and Other Financial Investments and Related Activities61.79128520
Nondepository Credit Intermediation51.06106200
Other Nondepository Credit Intermediation51.06106200
Business, Professional, Labor, Political, and Similar Organizations48.47100830
Other Services (except Federal, State, and Local Government)48.38100640
Religious, Grantmaking, Civic, Professional, and Similar Organizations48.38100640
Residential Building Construction47.6899180
Construction of Buildings47.699000
Construction42.9489310
Finance and Insurance42.3288030
Credit Intermediation and Related Activities42.2887930
Insurance Carriers and Related Activities41.6586640
Offices of Real Estate Agents and Brokers40.4684150
Mining38.9380970
All industries, private ownership only38.7980690
All industries38.6680420
Activities Related to Credit Intermediation38.4279910
Real Estate and Rental and Leasing38.3179680
Real Estate38.379660
Oil and Gas Extraction37.5178030
Lessors of Real Estate37.2977570
Colleges, Universities, and Professional Schools (including private, state, and local government schools)36.5676040
Educational Services, State government owned35.9774820
Colleges, universities, and professional schools, State government owned35.9774820
Management of Companies and Enterprises35.6874210
Educational Services (including private, state, and local government schools)35.2573320
Activities Related to Real Estate32.5367660
Local Government, excluding schools and hospitals30.1262650
Local government, including schools and hospitals30.0962580
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service28.2558770
Federal, State, and Local Government27.5757340
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service27.5757340
State government, including schools and hospitals26.1754420
Insurance Carriers24.6551280
Direct Insurance (except Life, Health, and Medical) Carriers24.5851120
State Government, excluding schools and hospitals24.1750280
Depository Credit Intermediation21.644930

Not all industries pay the same for Real Estate Brokers.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
DC$71.51$148730
NH$63.75$132600
NV$58.39$121440
OH$57.54$119680
HI$57.03$118630
MA$53.62$111530
NY$51.69$107520
TX$51.02$106120
WA$48.35$100560
NJ$48.2$100250

Another simple way to boost your pay as A Real Estate Broker is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Real Estate Brokers are in the states of DC, NH, NV, OH and HI. The average salary in DC is $148730.



How we can help

Start your journey to be A Real Estate Broker

Get the best college for Real Estate Brokers


Discover the best colleges for your $$$


Find colleges have the highest earning grads


Yes, I'm sure


Rank: B
Salary: $55530

They rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
Rank: A
Salary: $73670

They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Rank: B+
Salary: $58010

They appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
Rank: A
Salary: $65880

They plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
Rank: C+
Salary: $60910

They sell or solicit advertising space, time, or media in publications, signage, TV, radio, or the Internet. Includes individuals who obtain leases for outdoor advertising sites or persuade retailers to use sales promotion display items.





Trusted by over 50,000 fans


Career type

Sales and Marketing
Professional Sales and Marketing

Other Careers Like This


Help Others Out



Learn more about Real Estate Brokers

Summary
Job Description
Salary (You are here)
Requirements
Is This Right For Me

Study To Be a Real Estate Broker


Related to Real Estate Brokers Salary

Real Estate Brokers salary, how much do Real Estate Brokers earn, Real Estate Brokers hourly wage, Real Estate Brokers annual pay, highest paying industries for Real Estate Brokers, which states pay the highest for Real Estate Brokers

Additional resources

http://www.bls.gov/OOH/sales/real-estate-brokers-and-sales-agents.htm
http://www.nareb.com/
http://www.realtor.org/

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Real Estate Brokers
Written by: Stanley Tan
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.
4 / 5 stars

Leave a Reply

Your email address will not be published. Required fields are marked *