How Much Do Real Estate Brokers Make in 2020 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States.

Average Salary

Annual salary
$78940 per year

Hourly wage
$38 per hour

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.

Starting Salary

Entry-level annual salary
$22750 to $36580 per year

Entry-level hourly wage
$11 to $18 per hour

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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Salary Rank

Salary rank

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.

Salary range

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.

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