Real Estate Brokers Salary
Sales and Related Occupations · 46K employed in the U.S.
Median annual
$73,220
Median hourly
$35
Average annual
$83,950
Typical range
$37,110–$143,300
Pay distribution
10th to 90th percentile, with the median marked.
What this role pays
The median annual salary for Real Estate Brokers is $73,220 as of May 2025, based on the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. That works out to about $35 an hour at a full-time schedule.
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..
Most earn between $37,110 and $143,300 a year. There are roughly 46K people employed as real estate brokers in the United States. Use the state and metro pages below to see how pay changes by location, and the calculator to convert any hourly or annual figure.
Salary calculator
Convert your pay and see where it lands for Real Estate Brokers.
- Hourly
- $35.20
- Daily
- $282
- Weekly
- $1,408
- Bi-weekly
- $2,816
- Monthly
- $6,102
- Annual
- $73,220
$73,220 a year is around the 50th percentile for Real Estate Brokerss. The median is $73,220.
Highest-paying states
Median annual wage by state.
- 1New Jersey$111,390
- 2Connecticut$105,800
- 3Utah$92,830
- 4Washington$82,790
- 5Alabama$82,630
- 6Michigan$82,510
- 7Maryland$81,550
- 8California$80,450
- 9New Mexico$80,340
- 10Colorado$79,970
- 11Virginia$77,270
- 12Vermont$76,920
Top-paying metro areas
Median annual wage by metro area.
- 1Milwaukee-Waukesha, WI$168,320
- 2Durham-Chapel Hill, NC$124,210
- 3Boise City, ID$104,780
- 4Myrtle Beach-Conway-North Myrtle Beach, SC$103,070
- 5Fort Collins-Loveland, CO$99,020
- 6San Antonio-New Braunfels, TX$98,950
- 7Charlotte-Concord-Gastonia, NC-SC$95,320
- 8Orlando-Kissimmee-Sanford, FL$94,990
- 9Provo-Orem-Lehi, UT$92,830
- 10Los Angeles-Long Beach-Anaheim, CA$91,770
- 11Bakersfield-Delano, CA$89,150
- 12Medford, OR$88,760
Related job titles
Employers advertise Real Estate Brokers roles under these titles.
- Broker Associate
- Buyer Broker
- Contract Specialist
- Designated Broker
- Lease Administration Analyst
- Lease Analyst
- Lease Coordinator
- Licensed Real Estate Broker
- Managing Broker
- Occupancy Specialist
- Property Broker
- Real Estate And Rental Industry Specialist
- Real Estate Broker
- Real Estate Broker Associate
- Real Estate Portfolio Manager
- Real Estate Specialist
Related occupations
What a Real Estate Brokers does
- Sell, for a fee, real estate owned by others.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- Manage or operate real estate offices, handling associated business details.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
Frequently asked questions
- How much does a Real Estate Brokers make?
- The median annual wage for Real Estate Brokers is $73,220 ($35 per hour). Pay ranges from about $37,110 at the 10th percentile to $143,300 at the 90th percentile.
- What is the average salary for a Real Estate Brokers?
- The average (mean) annual salary is $83,950, which is higher than the median because a small number of high earners pull the average up.
- Which state pays Real Estate Brokerss the most?
- New Jersey has the highest median annual wage for this occupation at $111,390.
- Is Real Estate Brokers a growing occupation?
- BLS employment data for May 2025 counts about 46K people in this occupation. Projected growth is published separately in the BLS Employment Projections program.
- What does a Real Estate Brokers do?
- Sell, for a fee, real estate owned by others.; Obtain agreements from property owners to place properties for sale with real estate firms.; Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales..