How Much Do Real Estate Brokers Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

2021 Annual Salary, Salary Range, and Highest Paying States and Industries

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.

Salary
$81630
Becoming One
Hard
Education
Bachelor's degree
Job Satisfaction
Job Growth

Personality




Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$81630 per year
Hourly wage
$39 per hour

Starting salary

Entry-level annual salary
$25,460 to $38,170 per year
Entry-level hourly wage
$12 to $18 per hour

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.


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Salary rank

Salary rank
B

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 $ $*

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