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
  • 67%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank


How Much Do Real Estate Brokers Make In 2018

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

One 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

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.

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Salary range

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
Finance and Insurance42.3288030
Credit Intermediation and Related Activities42.2887930
Insurance Carriers and Related Activities41.6586640
Offices of Real Estate Agents and Brokers40.4684150
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.

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

Highest paying states


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.

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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.

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