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Real Estate Broker

HomeSales › Real Estate Broker
Data current as of August 2026 · sources: U.S. Bureau of Labor Statistics and O*NET
Average base salary
$87,000 / year
$7,250 per month · $41.83 per hour

25th percentile
$48,000
Average
$87,000
75th percentile
$107,000
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, aged to 2026 using compounded market movement. State selections show BLS state-level figures where published. Actual pay varies with experience, industry, and organization size.
Real Estate Broker salary by state
Alabama$79,500
Alaska$82,000
Arizona$79,000
Arkansas$78,500
California$92,000
Colorado$94,500
Connecticut$105,000
Delaware$79,000
Florida$91,500
Hawaii$82,000
Idaho$77,000
Illinois$81,500
Indiana$95,500
Iowa$67,500
Kansas$71,000
Maine$86,500
Maryland$101,000
Michigan$89,500
Minnesota$72,000
Missouri$70,500
Montana$70,500
New Jersey$109,500
New Mexico$99,500
Ohio$83,000
Oregon$71,500
Tennessee$65,000
Texas$71,000
Utah$100,000
Vermont$85,500
Virginia$101,000
Washington$93,000
About this role

Real Estate Broker is a professional role within the function in the Sales job family.

The Sales function covers building customer relationships, managing pipeline, and closing revenue.

Pay for this title reflects both its level and its scope; see our Title Level and Organization Responsibility guides for how WePayFairly defines them.

What Real Estate Brokers do

Typical education: Bachelor's Degree

  • 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.

Top skills: Speaking Reading Comprehension Critical Thinking Active Listening Negotiation Active Learning

Includes information from O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (CC BY 4.0).
Real Estate Broker pay by experience level
Entry level$38,500
Typical starting pay (about the 10th percentile)
Early career$48,000
A few years in (about the 25th percentile)
Experienced$76,000
Mid-career median pay
Senior$107,000
Seasoned professionals (about the 75th percentile)
Top earners$148,500
Highest earners (about the 90th percentile)
Experience tiers are derived from the BLS wage percentile distribution for this occupation, aged to 2026. Actual pay varies by employer, location, and specialization.
Job outlook
+3.3%
projected change in jobs, 2024–2034
9,700
projected openings per year
Growing about as fast as average
Source: U.S. Bureau of Labor Statistics, Employment Projections program (2024–2034). Openings include growth and replacement needs.
Real Estate Broker salary by industry
Real Estate

41,070 workers

$85,000

Credit Intermediation and Related Activities

1,390 workers

$97,500

Credit Intermediation and Related Activities (5221 and 5223 only)

940 workers

$88,000

Construction of Buildings

910 workers

$93,500

Residential Building Construction

880 workers

$94,000

Professional, Scientific, and Technical Services

530 workers

$80,000

Nondepository Credit Intermediation

440 workers

$116,500

Management of Companies and Enterprises

350 workers

$89,000

Management of Companies and Enterprises

350 workers

$89,000

Legal Services

260 workers

$57,500

National sector-level figures, BLS OEWS May 2025, aged to 2026.
How this role compares

Real Estate Broker pays 24% below the average across 933 roles in the Sales job family (family average $114,000).

Careers related to Real Estate Broker
Related occupations from O*NET OnLine, U.S. Department of Labor.
Frequently asked questions

How much does a Real Estate Broker make?

The average base salary for a Real Estate Broker in the United States is $87,000 per year, or about $41.83 per hour.

What is the typical salary range?

Pay typically falls between $48,000 and $107,000 per year (25th to 75th percentile) depending on experience, location, industry, and organization size.

How does this compare with other Sales roles?

The Sales job family averages $114,000 across 933 roles tracked by WePayFairly.

Need a defensible market price for this role?
WePayFairly data is compiled from published survey sources and maintained by compensation professionals.

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