Annual Salary, Salary Range, and Highest Paying States.
One of the most popular questions we get from our readers here is how much do Real Estate Brokers make per year and their hourly wage.
Entry-level Real Estate Brokers with little to no experience can expect to make anywhere between $22750 to $36580 per year or $11 to $18 per hour.
Just like any other job, the salary of a Real Estate Broker will increase as they become more experienced.
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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. We compare the salary of all careers then we give them a rank of A, B, C or D depending on where their average salary sits in comparison to other careers.
After comparing how much do Real Estate Brokers make with other careers, they have a salary rank of A.
|Highest (Top 10%)||$79||$163540|
|Senior (Top 25%)||$45||$92790|
|Middle (Mid 50%)||$28||$58210|
|Junior (Bottom 25%)||$18||$36580|
|No experience (Bottom 10%)||$11||$22750|
Highest paying states
|IL||$ 50||$ 103,430|
|CT||$ 49||$ 101,930|
|NM||$ 47||$ 98,350|
|WI||$ 47||$ 97,970|
|TX||$ 46||$ 96,630|
|MD||$ 46||$ 96,030|
|NV||$ 43||$ 88,460|
|CA||$ 41||$ 86,000|
|VA||$ 41||$ 85,690|
|NY||$ 41||$ 85,190|
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 IL doesn’t guarantee that you will make more because the expenses at IL 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 IL, CT, NM, WI and TX.
sell goods for wholesalers or manufacturers where technical or scientific knowledge is required in such areas as biology, engineering, chemistry, and electronics, normally obtained from at least 2 years of post-secondary education.
plan and sell transportation and accommodations for travel agency customers. Determine destination, modes of transportation, travel dates, costs, and accommodations required. May also describe, plan, and arrange itineraries and sell tour packages. May assist in resolving clients' travel problems.
sell merchandise, such as furniture, motor vehicles, appliances, or apparel to consumers.
receive and disburse money in establishments other than financial institutions. May use electronic scanners, cash registers, or related equipment. May process credit or debit card transactions and validate checks.
receive orders, generally in person, for repairs, rentals, and services. May describe available options, compute costs, and accept payment.
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