Real Estate Sales Agents vs Real Estate Brokers salary

As reported by the US Bureau of Labor Statistics, Real Estate Sales Agents earn an average of $61,480 per year, while Real Estate Brokers earn an average of $86,490 per year. Therefore, the salary for Real Estate Brokers is much higher than that of Real Estate Sales Agents.

However, it's worth noting that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. As an example, Real Estate Sales Agents who work in Massachusetts (with an average salary of $90,390) may earn more than those who work in Tennessee ($40,390).

Real Estate Sales Agents vs Real Estate Brokers overview

Real Estate Sales Agents and Real Estate Brokers are two important jobs in the Real Estate industry. Many people are interested in understanding the distinctions between these job titles, including the average salary for each of them.

Real Estate Sales Agent job description

Alternative names: Realtors, Property Managers

Real Estate Sales Agents 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.

Real Estate Sales Agent education and experience

43% of Real Estate Sales Agents have completed a High School Diploma, 24% have a Post-Secondary Certificate, and 10% hold a Less than a High School Diploma. In terms of experience, more than half of Real Estate Sales Agent jobs require no previous experience. A smaller percentage of jobs (10%) require a previous experience of 2 to 4 years.

Real Estate Sales Agent average salary

According to the US Bureau of Labor Statistics, there were 175,920 Real Estate Sales Agents employed in the United States in 2021, and they earned a mean annual income of $61,480. The bottom 10 percent had earnings of $28,270 or less, and the top 10 percent had earnings of $102,170 or more. The average salary has decreased by 2.4% compared the previous year.

Do Real Estate Sales Agents make good money?

Real Estate Sales Agents are usually paid well, as their average salary is 6% higher than the average wage in the United States ($58,260). Additionally, they earn 10% more than the average wage of the Real Estate industry ($55,880).

Real Estate Sales Agents are usually paid well, as their average salary is 6% higher than the average wage in the United States ($58,260).

Real Estate Sales Agents job growth

Real Estate Sales Agents have seen growth in employment over the past two years. In 2021, there have been 7,180 more positions than the previous year nationwide, which marks a rise of 4.3%. Over the past 3 years, job growth has averaged 3.9%.

Real Estate Broker job description

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.

Real Estate Broker education and experience

Among Real Estate Brokers, 37% have obtained a Bachelor's Degree, 24% hold a College Course Certificate, and 12% have a High School Diploma. Regarding experience, 28% of Real Estate Broker occupations require no previous experience. A smaller portion of roles (24%) require a previous experience of 2 to 4 years.

Real Estate Broker average salary

The US Bureau of Labor Statistics has reported that in 2021, there were 48,460 Real Estate Brokers working in the United States, and on average, they earned $86,490 per year. The bottom 10 percent earned $30,470 or less, and the top 10 percent earned $176,080 or more. Compared to the previous year, the mean salary has grown by 6%.

Do Real Estate Brokers make good money?

Real Estate Brokers typically make good salaries, since their mean salary is about a half above the average pay in the United States ($58,260). Additionally, they make about a half more than the mean salary of the Real Estate industry ($55,880).

Real Estate Brokers typically make good salaries, since their mean salary is about a half above the average pay in the United States ($58,260).

Real Estate Brokers job growth

The employment rate for Real Estate Brokers has grown in the last two years. In 2021, there have been 3,850 more job opportunities than the previous year across the nation, and that shows an increase of 8.6%. Over the past 3 years, job growth has averaged 6.3%.

FAQ

Do Real Estate Sales Agents or Real Estate Brokers make more?

The average earnings of Real Estate Brokers are 41% higher than those of Real Estate Sales Agents. The average annual pay for Real Estate Sales Agents is $61,480, compared to $86,490 for Real Estate Brokers.